BayCom Corp (NASDAQ:BCML) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP lifted its position in shares of BayCom Corp (NASDAQ:BCML - Free Report) by 41.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 930,498 shares of the company's stock after purchasing an additional 273,135 shares during the quarter. Wellington Management Group LLP owned about 8.37% of BayCom worth $24,975,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in BayCom by 46.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,347 shares of the company's stock valued at $36,000 after purchasing an additional 428 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of BayCom in the fourth quarter worth approximately $120,000. Assenagon Asset Management S.A. purchased a new position in shares of BayCom in the fourth quarter worth approximately $422,000. JPMorgan Chase & Co. grew its position in BayCom by 129.9% during the third quarter. JPMorgan Chase & Co. now owns 22,330 shares of the company's stock valued at $530,000 after buying an additional 12,617 shares during the period. Finally, Captrust Financial Advisors increased its holdings in BayCom by 4.4% during the third quarter. Captrust Financial Advisors now owns 23,361 shares of the company's stock valued at $554,000 after buying an additional 978 shares during the last quarter. 66.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

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

BayCom Trading Up 2.3 %

NASDAQ BCML traded up $0.56 during trading on Friday, hitting $25.07. The stock had a trading volume of 28,301 shares, compared to its average volume of 24,288. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a 50 day simple moving average of $26.31 and a 200 day simple moving average of $26.40. BayCom Corp has a one year low of $18.54 and a one year high of $30.13. The stock has a market capitalization of $279.03 million, a price-to-earnings ratio of 11.94 and a beta of 0.50.

BayCom (NASDAQ:BCML - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $0.55 EPS for the quarter, topping 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%. Sell-side analysts predict that BayCom Corp will post 2.48 earnings per share for the current year.

BayCom Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.39%. BayCom's payout ratio is 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.