BayCom Corp (NASDAQ:BCML) Shares Purchased by Royce & Associates LP

Royce & Associates LP grew its holdings in BayCom Corp (NASDAQ:BCML - Free Report) by 11.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 603,286 shares of the company's stock after buying an additional 60,075 shares during the period. Royce & Associates LP owned 5.43% of BayCom worth $16,192,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. PNC Financial Services Group Inc. raised its holdings in BayCom by 46.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,347 shares of the company's stock worth $36,000 after purchasing an additional 428 shares in the last quarter. SG Americas Securities LLC purchased a new position in BayCom during the fourth quarter worth about $120,000. Assenagon Asset Management S.A. purchased a new position in BayCom during the fourth quarter worth about $422,000. JPMorgan Chase & Co. raised its holdings in BayCom by 129.9% during the third quarter. JPMorgan Chase & Co. now owns 22,330 shares of the company's stock worth $530,000 after purchasing an additional 12,617 shares in the last quarter. Finally, Martingale Asset Management L P raised its holdings in BayCom by 20.1% during the third quarter. Martingale Asset Management L P now owns 23,341 shares of the company's stock worth $554,000 after purchasing an additional 3,900 shares in the last quarter. 66.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO George J. Guarini sold 27,000 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $27.50, for a total transaction of $742,500.00. Following the sale, the chief executive officer now owns 46,759 shares in the company, valued at approximately $1,285,872.50. This trade represents a 36.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 7.20% of the company's stock.

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Wall Street Analysts Forecast Growth

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

BayCom Price Performance

BayCom stock traded down $0.08 during mid-day trading on Thursday, reaching $25.61. The company had a trading volume of 19,359 shares, compared to its average volume of 22,583. BayCom Corp has a 1 year low of $18.54 and a 1 year high of $30.13. 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 company has a market capitalization of $285.04 million, a P/E ratio of 12.20 and a beta of 0.82. The stock's 50-day simple moving average is $27.00 and its 200-day simple moving average is $26.13.

BayCom (NASDAQ:BCML - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. BayCom had a net margin of 17.10% and a return on equity of 7.45%. On average, equities analysts predict that BayCom Corp will post 2.48 EPS for the current year.

BayCom Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th will be given a $0.15 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.60 annualized dividend and a dividend yield of 2.34%. BayCom's dividend payout ratio is presently 28.57%.

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.