BayCom (BCML) Projected to Post Quarterly Earnings on Thursday

BayCom (NASDAQ:BCML) is expected to release its earnings data before the market opens on Thursday, April 17th. Analysts expect BayCom to post earnings of $0.52 per share and revenue of $24.07 million for the quarter.

BayCom (NASDAQ:BCML) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. BayCom had a net margin of 17.10% and a return on equity of 7.45%. On average, analysts expect BayCom to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

BayCom Trading Up 6.5 %

Shares of BCML stock opened at $25.82 on Thursday. The firm has a fifty day moving average of $26.43 and a 200-day moving average of $26.38. The stock has a market cap of $287.38 million, a price-to-earnings ratio of 12.30 and a beta of 0.50. BayCom has a 52-week low of $18.54 and a 52-week high of $30.13. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.04.

BayCom Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 13th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Thursday, March 13th. BayCom’s dividend payout ratio (DPR) is presently 28.57%.

Analyst Ratings Changes

Separately, Hovde Group downgraded BayCom from an “outperform” rating to a “market perform” rating and set a $31.00 price objective on the stock. in a report on Wednesday, February 12th.

Insider Buying and Selling at BayCom

In other BayCom news, CEO George J. Guarini sold 27,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $27.50, for a total value of $742,500.00. Following the transaction, the chief executive officer now directly owns 46,759 shares in the company, valued at $1,285,872.50. The trade was a 36.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 7.20% of the company’s stock.

About BayCom

BayCom Corp operates as the bank holding company for United Business Bank that provides various financial services to small and mid-sized businesses, service professionals, and individuals. The company provides demand, savings, money market, and time deposit accounts. It offers commercial and multifamily real estate loans, including owner-occupied and investor real estate loans; commercial and industrial loans, such as equipment loans and working capital lines of credit; small business administration loans; construction and land loans; agriculture-related loans; and consumer loans comprising installment loans, unsecured and secured personal lines of credit, and overdraft protection.