Royce & Associates LP Boosts Stake in BayCom Corp (NASDAQ:BCML)

Royce & Associates LP raised its position in BayCom Corp (NASDAQ:BCML) by 11.1% during the fourth quarter, Holdings Channel reports. The firm owned 603,286 shares of the company’s stock after buying an additional 60,075 shares during the quarter. Royce & Associates LP owned about 0.05% of BayCom worth $16,192,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in BCML. Empowered Funds LLC grew its stake in shares of BayCom by 5.2% in the third quarter. Empowered Funds LLC now owns 32,795 shares of the company’s stock valued at $778,000 after buying an additional 1,608 shares in the last quarter. Martingale Asset Management L P boosted its holdings in BayCom by 20.1% during 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 period. Captrust Financial Advisors grew its position in BayCom by 4.4% in the 3rd quarter. Captrust Financial Advisors now owns 23,361 shares of the company’s stock valued at $554,000 after acquiring an additional 978 shares in the last quarter. State Street Corp increased its stake in BayCom by 0.5% during the third quarter. State Street Corp now owns 163,965 shares of the company’s stock worth $3,906,000 after purchasing an additional 880 shares during the period. Finally, Barclays PLC lifted its position in shares of BayCom by 61.3% during the third quarter. Barclays PLC now owns 27,486 shares of the company’s stock worth $651,000 after purchasing an additional 10,442 shares in the last quarter. 66.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other BayCom news, CEO George J. Guarini sold 27,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $27.50, for a total transaction of $742,500.00. Following the completion of the transaction, the chief executive officer now owns 46,759 shares in the company, valued at $1,285,872.50. The trade was a 36.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 7.20% of the company’s stock.

BayCom Stock Performance

NASDAQ:BCML opened at $25.02 on Monday. BayCom Corp has a 52 week low of $18.54 and a 52 week high of $30.13. The company has a fifty day simple moving average of $27.03 and a two-hundred day simple moving average of $26.10. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.22. The company has a market cap of $278.25 million, a price-to-earnings ratio of 11.91 and a beta of 0.82.

BayCom (NASDAQ:BCML) last released its earnings results 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 return on equity of 7.45% and a net margin of 17.10%. As a group, equities analysts anticipate that BayCom Corp will post 2.48 earnings per share for the current fiscal year.

BayCom Dividend Announcement

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