BayCom Corp raises dividend by 33% to $0.20 per share

WALNUT CREEK, Calif. - BayCom Corp (NASDAQ: BCML), the holding company for United Business Bank, announced Monday that its Board of Directors has approved an increase in its quarterly cash dividend. The dividend on the company’s common stock has been raised by 33% to $0.20 per share, up from the previous $0.15 per share. According to InvestingPro data, this marks the company’s third consecutive year of dividend increases, with the current yield standing at 2.23%.

This enhanced dividend is scheduled to be paid on July 10, 2025, to shareholders who are on record as of June 12, 2025. The announcement reflects a positive adjustment in the company’s dividend policy, signaling a potential uptick in its financial performance and commitment to returning value to its shareholders.

BayCom Corp, through its subsidiary United Business Bank, provides a suite of banking products and services to businesses across several states, including California, Nevada, Washington, New Mexico, and Colorado. The bank focuses on offering loans and deposit products to its business clients and operates as an Equal Housing Lender and a member of the FDIC. With a market capitalization of $291 million and a P/E ratio of 12.76, the company has demonstrated strong financial performance, achieving a 34.68% return over the past year.

The company’s common stock trades on the NASDAQ exchange under the ticker symbol BCML. While this dividend increase is a significant development for the company and its shareholders, the press release also contains forward-looking statements that caution investors not to place undue reliance on predictions of future dividends or performance. InvestingPro analysis indicates the stock is currently undervalued, with a "GOOD" overall Financial Health score. Discover more insights and 6 additional ProTips with an InvestingPro subscription. These statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations.

Investors are encouraged to review BayCom’s financial disclosures, including its most recent Annual Report on Form 10-K for the year ended December 31, 2024, and subsequent Quarterly Reports on Form 10-Q, which are filed with or furnished to the Securities and Exchange Commission.

The information in this article is based on a press release statement from BayCom Corp.

In other recent news, BayCom Corp reported financial results that aligned with expectations, highlighting a slight expansion in net interest margin by 3 basis points. The company demonstrated effective expense management and maintained stable asset quality, which analysts view as indicators of operational efficiency. In light of these developments, DA Davidson adjusted BayCom’s stock price target to $30 from the previous $33, while retaining a Buy rating. Analysts noted that BayCom is expected to adopt a conservative approach to its share buyback program in the near term. This strategy is reportedly aligned with the company’s plan to repay subordinated debt in the third quarter, a move anticipated to strengthen its financial structure. The recent net interest margin expansion, though modest, is seen as a positive sign for potential increased profitability from lending activities. Investors are likely to monitor BayCom’s financial strategies closely, particularly the share buyback program and debt repayment, as these could impact the company’s capital structure and shareholder value.

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