BayCom Corp (NASDAQ:BCML) Short Interest Down 9.6% in October

BayCom Corp (NASDAQ:BCML - Get Free Report) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 38,400 shares, a decrease of 9.6% from the October 15th total of 42,500 shares. Based on an average trading volume of 20,800 shares, the short-interest ratio is presently 1.8 days. Currently, 0.4% of the company's shares are short sold.

BayCom Stock Down 0.2 %

NASDAQ BCML traded down $0.05 on Friday, hitting $27.30. 16,185 shares of the stock were exchanged, compared to its average volume of 28,796. The company has a market cap of $303.58 million, a PE ratio of 13.00 and a beta of 0.76. The company has a 50-day moving average price of $24.34 and a 200-day moving average price of $22.24. 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 has a fifty-two week low of $18.54 and a fifty-two week high of $28.62.

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

BayCom Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Investors 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 was Thursday, September 19th. BayCom's dividend payout ratio is currently 19.05%.

Institutional Trading of BayCom

Several institutional investors and hedge funds have recently added to or reduced their stakes in BCML. Vanguard Group Inc. lifted its position in BayCom by 0.4% in the first quarter. Vanguard Group Inc. now owns 668,965 shares of the company's stock valued at $13,787,000 after purchasing an additional 2,801 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of BayCom by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 594,015 shares of the company's stock valued at $12,088,000 after acquiring an additional 15,798 shares during the period. Royce & Associates LP boosted its stake in shares of BayCom by 11.5% during the 3rd quarter. Royce & Associates LP now owns 543,211 shares of the company's stock worth $12,885,000 after acquiring an additional 56,066 shares in the last quarter. Acadian Asset Management LLC increased its stake in BayCom by 5.8% in the 2nd quarter. Acadian Asset Management LLC now owns 209,844 shares of the company's stock valued at $4,268,000 after purchasing an additional 11,484 shares in the last quarter. Finally, State Street Corp raised its holdings in BayCom by 0.5% during the third quarter. State Street Corp now owns 163,965 shares of the company's stock worth $3,906,000 after purchasing an additional 880 shares during the last quarter. 66.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Hovde Group upped their target price on shares of BayCom from $26.00 to $28.00 and gave the company an "outperform" rating in a research report on Friday, October 18th.

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.