BayCom (BCML) Expected to Announce Quarterly Earnings on Thursday

BayCom (NASDAQ:BCML) is expected to post its quarterly earnings results 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 announced its earnings results on Thursday, January 23rd. The company reported $0.55 earnings per share (EPS) 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 Stock Performance

Shares of BayCom stock opened at $25.87 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a 50 day simple moving average of $26.17 and a 200 day simple moving average of $26.43. BayCom has a fifty-two week low of $18.54 and a fifty-two week high of $30.13. The firm has a market cap of $287.93 million, a P/E ratio of 12.32 and a beta of 0.50.

BayCom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th were paid a $0.15 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.60 annualized dividend and a dividend yield of 2.32%. BayCom’s dividend payout ratio (DPR) is currently 28.57%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other BayCom news, CEO George J. Guarini sold 27,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $27.50, for a total value of $742,500.00. Following the completion of the sale, the chief executive officer now directly owns 46,759 shares in the company, valued at $1,285,872.50. This represents a 36.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.