BayCom Corp (NASDAQ:BCML) Shares Acquired by Royce & Associates LP

Royce & Associates LP increased its holdings in shares of BayCom Corp (NASDAQ:BCML) by 11.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 603,286 shares of the company’s stock after buying an additional 60,075 shares during the period. Royce & Associates LP owned about 5.43% of BayCom worth $16,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. purchased a new position in BayCom in the 4th quarter valued at $422,000. JPMorgan Chase & Co. lifted its stake in shares of BayCom by 129.9% in the third quarter. JPMorgan Chase & Co. now owns 22,330 shares of the company’s stock worth $530,000 after buying an additional 12,617 shares in the last quarter. Barclays PLC boosted its position in BayCom by 61.3% during the third quarter. Barclays PLC now owns 27,486 shares of the company’s stock worth $651,000 after acquiring an additional 10,442 shares during the last quarter. SG Americas Securities LLC purchased a new stake in BayCom during the 4th quarter valued at about $120,000. Finally, Martingale Asset Management L P raised its holdings in BayCom by 20.1% in the 3rd quarter. Martingale Asset Management L P now owns 23,341 shares of the company’s stock valued at $554,000 after acquiring an additional 3,900 shares during the last quarter. Institutional investors and hedge funds own 66.16% of the company’s stock.

Analyst Ratings Changes

Separately, Hovde Group cut BayCom from an “outperform” rating to a “market perform” rating and set a $31.00 target price on the stock. in a report on Wednesday, February 12th.

BayCom Stock Performance

NASDAQ BCML opened at $25.02 on Monday. BayCom Corp has a fifty-two week low of $18.54 and a fifty-two week high of $30.13. The firm has a market capitalization of $278.25 million, a P/E ratio of 11.91 and a beta of 0.82. The stock’s fifty day moving average is $27.03 and its two-hundred day moving average is $26.10. 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) 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%. On average, research analysts anticipate that BayCom Corp will post 2.48 earnings per share for the current year.

BayCom Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.40%. BayCom’s dividend payout ratio is currently 28.57%.

Insider Activity

In other BayCom news, CEO George J. Guarini sold 27,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $27.50, for a total transaction 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 $1,285,872.50. This trade represents a 36.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.20% of the company’s stock.

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.