BayCom (BCML) Expected to Announce Quarterly Earnings on Thursday

BayCom (NASDAQ:BCML) is anticipated to issue its quarterly earnings data before the market opens on Thursday, April 17th. Analysts expect the company to announce 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, beating analysts’ consensus estimates of $0.51 by $0.04. BayCom had a return on equity of 7.45% and a net margin of 17.10%. 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 2.5 %

NASDAQ:BCML opened at $25.87 on Wednesday. The company has a market cap of $287.93 million, a P/E ratio of 12.32 and a beta of 0.50. BayCom has a twelve month low of $18.54 and a twelve month high of $30.13. The business has a 50 day moving average price of $26.17 and a two-hundred day moving average price of $26.43. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 13th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Thursday, March 13th. BayCom’s payout ratio is 28.57%.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, CEO George J. Guarini sold 27,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $27.50, for a total value of $742,500.00. Following the completion of the transaction, the chief executive officer now directly owns 46,759 shares of the company’s stock, valued at approximately $1,285,872.50. This trade represents a 36.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.20% of the stock is currently owned by corporate insiders.

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.