BayCom Corp (NASDAQ:BCML) Short Interest Update

BayCom Corp (NASDAQ:BCML - Get Free Report) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 48,200 shares, an increase of 10.6% from the November 15th total of 43,600 shares. Based on an average trading volume of 22,800 shares, the days-to-cover ratio is currently 2.1 days. Currently, 0.5% of the shares of the stock are sold short.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of BayCom by 2.7% in 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 raised its holdings in BayCom by 11.5% in the 3rd quarter. Royce & Associates LP now owns 543,211 shares of the company's stock valued at $12,885,000 after acquiring an additional 56,066 shares during the period. Acadian Asset Management LLC boosted its position in shares of BayCom by 5.8% in 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 during the period. State Street Corp raised its holdings in BayCom by 0.5% in the 3rd quarter. State Street Corp now owns 163,965 shares of the company's stock valued at $3,906,000 after acquiring an additional 880 shares in the last quarter. Finally, Caldwell Sutter Capital Inc. lifted its position in shares of BayCom by 3.4% during the 3rd quarter. Caldwell Sutter Capital Inc. now owns 84,047 shares of the company's stock worth $1,994,000 after buying an additional 2,800 shares during the last quarter. Institutional investors and hedge funds own 66.16% of the company's stock.

BayCom Price Performance

NASDAQ BCML traded down $0.06 during trading hours on Friday, reaching $28.87. 14,901 shares of the company's stock were exchanged, compared to its average volume of 22,761. The firm has a fifty day moving average of $26.51 and a 200-day moving average of $23.40. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. BayCom has a one year low of $18.54 and a one year high of $30.13. The stock has a market cap of $321.06 million, a PE ratio of 13.75 and a beta of 0.79.

BayCom (NASDAQ:BCML - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.07. BayCom had a return on equity of 7.56% and a net margin of 17.22%. The business had revenue of $25.61 million during the quarter, compared to analysts' expectations of $23.70 million. On average, equities research analysts predict that BayCom will post 2.06 earnings per share for the current fiscal year.

BayCom Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 12th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.08%. This is a positive change from BayCom's previous quarterly dividend of $0.10. BayCom's dividend payout ratio (DPR) is currently 28.57%.

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.