BayCom Corp (NASDAQ:BCML) Short Interest Update

BayCom Corp (NASDAQ:BCML - Get Free Report) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 51,700 shares, a decline of 12.7% from the January 15th total of 59,200 shares. Based on an average daily volume of 30,600 shares, the short-interest ratio is currently 1.7 days. Currently, 0.5% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

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

BayCom Stock Performance

Shares of NASDAQ:BCML traded down $0.75 on Thursday, hitting $27.80. The company had a trading volume of 12,959 shares, compared to its average volume of 24,738. BayCom has a 1-year low of $18.54 and a 1-year high of $30.13. The stock has a market cap of $309.16 million, a price-to-earnings ratio of 13.24 and a beta of 0.81. The stock has a 50 day moving average price of $27.34 and a 200 day moving average price of $25.57. 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 (NASDAQ:BCML - Get Free Report) last announced its earnings results on Thursday, January 23rd. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.04. BayCom had a net margin of 17.10% and a return on equity of 7.45%. Analysts expect that BayCom will post 2.48 EPS for the current year.

BayCom Dividend Announcement

The firm also recently announced 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.16%. BayCom's payout ratio is presently 28.57%.

Institutional Investors Weigh In On BayCom

Institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its position in shares of BayCom by 46.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,347 shares of the company's stock valued at $36,000 after acquiring an additional 428 shares during the period. Russell Investments Group Ltd. boosted its position in shares of BayCom by 3,097.3% in the fourth quarter. Russell Investments Group Ltd. now owns 3,613 shares of the company's stock valued at $97,000 after acquiring an additional 3,500 shares during the period. SG Americas Securities LLC bought a new stake in BayCom during the fourth quarter worth about $120,000. Wells Fargo & Company MN lifted its position in BayCom by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 6,141 shares of the company's stock worth $165,000 after purchasing an additional 1,337 shares during the period. Finally, Deutsche Bank AG lifted its position in BayCom by 31.1% during the fourth quarter. Deutsche Bank AG now owns 6,444 shares of the company's stock worth $173,000 after purchasing an additional 1,529 shares during the period. Institutional investors own 66.16% of the company's stock.

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.