BayCom Corp (NASDAQ:BCML) Short Interest Update

BayCom Corp (NASDAQ:BCML) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 62,700 shares, an increase of 26.9% from the March 15th total of 49,400 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 23,700 shares, the short-interest ratio is currently 2.6 days.

Insider Buying and Selling at BayCom

In other news, CEO George J. Guarini sold 27,000 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 46,759 shares in the company, valued at approximately $1,285,872.50. This represents a 36.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.20% of the company’s stock.

Institutional Trading of BayCom

Large investors have recently bought and sold shares of the business. Wellington Management Group LLP boosted its position in shares of BayCom by 41.6% during the 4th quarter. Wellington Management Group LLP now owns 930,498 shares of the company’s stock valued at $24,975,000 after purchasing an additional 273,135 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of BayCom by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 615,795 shares of the company’s stock worth $16,528,000 after buying an additional 13,269 shares in the last quarter. Royce & Associates LP grew its position in shares of BayCom by 11.1% during the 4th quarter. Royce & Associates LP now owns 603,286 shares of the company’s stock worth $16,192,000 after buying an additional 60,075 shares during the period. Alliancebernstein L.P. increased its stake in shares of BayCom by 0.3% in the 4th quarter. Alliancebernstein L.P. now owns 434,799 shares of the company’s stock valued at $11,670,000 after acquiring an additional 1,500 shares in the last quarter. Finally, State Street Corp lifted its position in shares of BayCom by 0.5% during the 3rd quarter. State Street Corp now owns 163,965 shares of the company’s stock valued at $3,906,000 after acquiring an additional 880 shares during the period. 66.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Hovde Group downgraded shares of 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 Trading Up 0.3 %

NASDAQ BCML opened at $25.98 on Friday. BayCom has a 12 month low of $18.54 and a 12 month high of $30.13. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $289.16 million, a PE ratio of 12.37 and a beta of 0.50. The business’s 50-day moving average price is $25.99 and its two-hundred day moving average price is $26.48.

BayCom (NASDAQ:BCML) last released its quarterly earnings results on Thursday, April 17th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). BayCom had a return on equity of 7.45% and a net margin of 17.10%. The firm had revenue of $32.65 million for the quarter, compared to the consensus estimate of $24.07 million. On average, analysts expect that BayCom will post 2.48 EPS for the current year.

BayCom Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.60 dividend on an annualized basis and a yield of 2.31%. BayCom’s dividend payout ratio (DPR) is currently 28.57%.

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.