|Bid||11.45 x 1200|
|Ask||11.54 x 4000|
|Day's Range||11.10 - 11.85|
|52 Week Range||10.08 - 24.89|
|Beta (5Y Monthly)||0.77|
|PE Ratio (TTM)||8.81|
|Earnings Date||Jul 22, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||16.00|
BayCom Corp (NASDAQ GSM: BCML) ("BayCom" or the "Company"), the parent company of United Business Bank (the "Bank"), today announced that it had completed its previously announced underwritten offering and sale of its $65.0 million aggregate principal amount of 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 (the "Notes"). The Notes were sold at par, resulting in net proceeds, after underwriting discounts and estimated offering expenses, of approximately $63.3 million.
BayCom Corp (NASDAQ GSM: BCML) ("BayCom" or the "Company"), the parent company of United Business Bank (the "Bank"), today announced the pricing of its public offering of $65.0 million aggregate principal amount of 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 (the "Notes"). The price to the public is 100% of the principal amount of the Notes. Interest on the Notes initially will accrue at a rate equal to 5.25% per annum from and including August 10, 2020 to, but excluding, September 15, 2025 or the earlier redemption date, payable semi-annually in arrears. From and including September 15, 2025 to, but excluding, September 15, 2030 or the earlier redemption date, interest will accrue at a floating rate per annum equal to a benchmark rate, which is expected to be Three-Month Term SOFR (as defined in the indenture relating to the Notes), plus a spread of 521 basis points, payable quarterly in arrears. The Notes are intended to qualify as Tier 2 capital for regulatory purposes. The offering is expected to close on August 10, 2020, subject to the satisfaction of customary closing conditions.
Investing in stocks comes with the risk that the share price will fall. Anyone who held BayCom Corp (NASDAQ:BCML) over...