Barclays PLC Acquires 10,442 Shares of BayCom Corp (NASDAQ:BCML)

Barclays PLC increased its stake in shares of BayCom Corp (NASDAQ:BCML - Free Report) by 61.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 27,486 shares of the company's stock after purchasing an additional 10,442 shares during the quarter. Barclays PLC owned 0.25% of BayCom worth $651,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Martingale Asset Management L P boosted its stake 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 buying an additional 3,900 shares during the period. Captrust Financial Advisors boosted its stake in shares of BayCom by 4.4% during the 3rd quarter. Captrust Financial Advisors now owns 23,361 shares of the company's stock worth $554,000 after purchasing an additional 978 shares during the period. Empowered Funds LLC grew its holdings in BayCom by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 32,795 shares of the company's stock valued at $778,000 after purchasing an additional 1,608 shares during the last quarter. Bank of New York Mellon Corp raised its position in BayCom by 3.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 45,509 shares of the company's stock worth $926,000 after purchasing an additional 1,380 shares during the period. Finally, Renaissance Technologies LLC raised its position in BayCom by 3.2% in the 2nd quarter. Renaissance Technologies LLC now owns 80,500 shares of the company's stock worth $1,638,000 after purchasing an additional 2,500 shares during the period. Hedge funds and other institutional investors own 66.16% of the company's stock.

BayCom Trading Up 0.6 %

BayCom stock traded up $0.17 during mid-day trading on Friday, hitting $26.59. The company's stock had a trading volume of 27,345 shares, compared to its average volume of 28,304. BayCom Corp has a one year low of $18.54 and a one year high of $30.13. The stock has a market cap of $295.68 million, a PE ratio of 12.66 and a beta of 0.80. The company has a 50 day moving average of $27.50 and a 200-day moving average of $24.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.04.

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

BayCom Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 12th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, December 12th. This is a positive change from BayCom's previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.26%. BayCom's dividend payout ratio (DPR) is 28.57%.

Analyst Upgrades and Downgrades

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

BayCom 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.