BayCom (BCML) Expected to Announce Quarterly Earnings on Thursday

BayCom (NASDAQ:BCML) is projected to release its earnings data before the market opens on Thursday, January 23rd. Analysts expect BayCom to post earnings of $0.51 per share and revenue of $23,670.00 billion for the quarter.

BayCom Stock Up 2.2 %

Shares of BCML opened at $27.18 on Wednesday. The company has a market capitalization of $302.27 million, a price-to-earnings ratio of 12.94 and a beta of 0.80. BayCom has a 52 week low of $18.54 and a 52 week high of $30.13. The stock’s 50-day moving average price is $27.49 and its 200-day moving average price is $24.77. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.22.

BayCom Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 12th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.21%. The ex-dividend date was Thursday, December 12th. This is a positive change from BayCom’s previous quarterly dividend of $0.10. BayCom’s dividend payout ratio is currently 28.57%.

Analysts Set New Price Targets

Separately, Hovde Group boosted their target price on shares of BayCom from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, October 18th.

BayCom 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.