BayCom Corp (NASDAQ:BCML) Shares Bought by LSV Asset Management

LSV Asset Management grew its stake in BayCom Corp (NASDAQ:BCML) by 23.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,100 shares of the company’s stock after purchasing an additional 8,293 shares during the period. LSV Asset Management owned approximately 0.40% of BayCom worth $1,184,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Martingale Asset Management L P increased its stake in BayCom by 23.9% in the 4th quarter. Martingale Asset Management L P now owns 28,921 shares of the company’s stock valued at $776,000 after buying an additional 5,580 shares during the period. Renaissance Technologies LLC lifted its position in BayCom by 7.2% in the fourth quarter. Renaissance Technologies LLC now owns 77,844 shares of the company’s stock valued at $2,089,000 after purchasing an additional 5,244 shares during the period. Russell Investments Group Ltd. boosted its holdings in BayCom by 3,097.3% in the 4th quarter. Russell Investments Group Ltd. now owns 3,613 shares of the company’s stock valued at $97,000 after purchasing an additional 3,500 shares in the last quarter. Wells Fargo & Company MN increased its position in 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 purchasing an additional 1,337 shares during the period. Finally, Alliancebernstein L.P. raised its stake in shares of BayCom by 0.3% during the 4th quarter. Alliancebernstein L.P. now owns 434,799 shares of the company’s stock worth $11,670,000 after buying an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 66.16% of the company’s stock.

BayCom Stock Performance

Shares of BCML opened at $25.24 on Tuesday. The company has a market capitalization of $280.92 million, a PE ratio of 12.02 and a beta of 0.50. BayCom Corp has a 52-week low of $18.54 and a 52-week high of $30.13. The company has a 50-day simple moving average of $26.24 and a 200-day simple moving average of $26.43. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.22.

BayCom (NASDAQ:BCML) last released its quarterly earnings data on Thursday, January 23rd. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.04. BayCom had a return on equity of 7.45% and a net margin of 17.10%. Equities research analysts predict that BayCom Corp will post 2.48 earnings per share for the current fiscal year.

BayCom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 13th were paid a $0.15 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.60 dividend on an annualized basis and a yield of 2.38%. BayCom’s payout ratio is 28.57%.

Analysts Set New Price Targets

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

Insider Buying and Selling at BayCom

In related news, CEO George J. Guarini sold 27,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was 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 represents a 36.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.20% of the stock is currently owned by insiders.

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.