George J. Guarini Sells 27,000 Shares of BayCom Corp (NASDAQ:BCML) Stock

BayCom Corp (NASDAQ:BCML) CEO George J. Guarini sold 27,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $27.50, for a total value of $742,500.00. Following the completion of the sale, the chief executive officer now owns 46,759 shares of the company’s stock, valued at approximately $1,285,872.50. The trade was a 36.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

BayCom Price Performance

Shares of NASDAQ:BCML traded down $0.76 during trading on Monday, hitting $26.74. 42,554 shares of the company’s stock were exchanged, compared to its average volume of 23,691. The business’s 50-day simple moving average is $27.25 and its 200 day simple moving average is $25.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.04 and a quick ratio of 1.04. BayCom Corp has a 52-week low of $18.54 and a 52-week high of $30.13. The company has a market cap of $297.38 million, a price-to-earnings ratio of 12.73 and a beta of 0.81.

BayCom (NASDAQ:BCML) last announced its quarterly earnings data 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%. As a group, equities analysts predict that BayCom Corp will post 2.48 EPS for the current year.

BayCom Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.60 dividend on an annualized basis and a yield of 2.24%. BayCom’s dividend payout ratio is currently 28.57%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its holdings 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 worth $36,000 after purchasing an additional 428 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in BayCom by 3,097.3% during the 4th quarter. Russell Investments Group Ltd. now owns 3,613 shares of the company’s stock valued at $97,000 after buying an additional 3,500 shares in the last quarter. SG Americas Securities LLC bought a new stake in BayCom in the 4th quarter worth approximately $120,000. Wells Fargo & Company MN raised its holdings in shares of BayCom by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 6,141 shares of the company’s stock worth $165,000 after acquiring an additional 1,337 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of BayCom by 31.1% during the 4th quarter. Deutsche Bank AG now owns 6,444 shares of the company’s stock valued at $173,000 after acquiring an additional 1,529 shares during the last quarter. Institutional investors own 66.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Hovde Group lowered BayCom from an “outperform” rating to a “market perform” rating and set a $31.00 price target for the company. in a research note on Wednesday, February 12th.

BayCom Company 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.