Royce & Associates LP Raises Holdings in BayCom Corp (NASDAQ:BCML)

Royce & Associates LP grew its position in shares of BayCom Corp (NASDAQ:BCML - Free Report) by 11.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 543,211 shares of the company's stock after buying an additional 56,066 shares during the quarter. Royce & Associates LP owned 4.87% of BayCom worth $12,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of BCML. Quadrature Capital Ltd purchased a new position in shares of BayCom in the first quarter valued at about $465,000. Dimensional Fund Advisors LP grew its holdings in shares of BayCom by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 594,015 shares of the company's stock worth $12,088,000 after purchasing an additional 15,798 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of BayCom by 5.8% during the second quarter. Acadian Asset Management LLC now owns 209,844 shares of the company's stock valued at $4,268,000 after acquiring an additional 11,484 shares in the last quarter. Panagora Asset Management Inc. bought a new stake in BayCom during the 2nd quarter valued at $211,000. Finally, BNP Paribas Financial Markets lifted its stake in BayCom by 38.5% in the first quarter. BNP Paribas Financial Markets now owns 22,170 shares of the company's stock worth $457,000 after acquiring an additional 6,158 shares during the period. 66.16% of the stock is owned by hedge funds and other institutional investors.

BayCom Stock Down 0.2 %

BayCom stock traded down $0.05 during trading hours on Friday, reaching $27.30. The stock had a trading volume of 16,185 shares, compared to its average volume of 28,796. BayCom Corp has a 52 week low of $18.54 and a 52 week high of $28.62. The company has a market cap of $303.58 million, a price-to-earnings ratio of 13.00 and a beta of 0.76. 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 business's 50 day moving average price is $24.34 and its 200-day moving average price is $22.24.

BayCom (NASDAQ:BCML - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.47 by $0.07. BayCom had a return on equity of 7.56% and a net margin of 17.22%. The firm had revenue of $25.61 million during the quarter, compared to analyst estimates of $23.70 million. Sell-side analysts anticipate that BayCom Corp will post 2.06 EPS for the current year.

BayCom Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 19th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Thursday, September 19th. BayCom's dividend payout ratio (DPR) is presently 19.05%.

Wall Street Analyst Weigh In

Separately, Hovde Group increased their price objective 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.