Bay Commercial Bank (NASDAQ:BCML) Raises Dividend to $0.30 Per Share

Bay Commercial Bank (NASDAQ:BCML) announced a quarterly dividend on Thursday, November 20th. Stockholders of record on Thursday, December 11th will be paid a dividend of 0.30 per share on Friday, January 9th. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Thursday, December 11th. This is a 20.0% increase from Bay Commercial Bank’s previous quarterly dividend of $0.25.

Bay Commercial Bank has a payout ratio of 39.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Bay Commercial Bank to earn $2.53 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 39.5%.

Bay Commercial Bank Price Performance

NASDAQ:BCML opened at $27.82 on Friday. The company has a market capitalization of $303.19 million, a P/E ratio of 13.42 and a beta of 0.55. The business’s 50-day moving average is $28.25 and its 200 day moving average is $27.97. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.03. Bay Commercial Bank has a 12 month low of $22.22 and a 12 month high of $30.96.

Bay Commercial Bank (NASDAQ:BCML) last released its quarterly earnings data on Thursday, October 23rd. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.06). Bay Commercial Bank had a return on equity of 7.04% and a net margin of 16.51%.The firm had revenue of $1.51 million during the quarter, compared to the consensus estimate of $23.67 million. On average, equities research analysts forecast that Bay Commercial Bank will post 2.48 earnings per share for the current fiscal year.

Bay Commercial Bank Company Profile

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.