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

LSV Asset Management lifted its holdings in BayCom Corp (NASDAQ:BCML) by 23.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 44,100 shares of the company’s stock after buying an additional 8,293 shares during the quarter. LSV Asset Management’s holdings in BayCom were worth $1,184,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. grew its holdings in BayCom by 46.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,347 shares of the company’s stock valued at $36,000 after purchasing an additional 428 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of BayCom by 3,097.3% during the fourth quarter. Russell Investments Group Ltd. now owns 3,613 shares of the company’s stock worth $97,000 after purchasing an additional 3,500 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of BayCom in the 4th quarter worth approximately $120,000. Wells Fargo & Company MN increased its stake in BayCom by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 6,141 shares of the company’s stock valued at $165,000 after purchasing an additional 1,337 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of BayCom during the 4th quarter valued at about $422,000. Hedge funds and other institutional investors own 66.16% of the company’s stock.

BayCom Stock Up 0.7 %

Shares of BayCom stock opened at $25.24 on Tuesday. 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 1-year low of $18.54 and a 1-year high of $30.13. The business’s fifty day moving average price is $26.24 and its two-hundred day moving average price is $26.43. The company has a market capitalization of $280.92 million, a P/E ratio of 12.02 and a beta of 0.50.

BayCom (NASDAQ:BCML) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.55 earnings per share 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, research analysts forecast that BayCom Corp will post 2.48 EPS for the current year.

BayCom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th were given 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 dividend payout ratio (DPR) is 28.57%.

Insider Buying and Selling at BayCom

In other news, CEO George J. Guarini sold 27,000 shares of the company’s 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 sale, the chief executive officer now owns 46,759 shares in the company, valued at $1,285,872.50. This represents a 36.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 7.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Hovde Group lowered BayCom from an “outperform” rating to a “market perform” rating and set a $31.00 target price on the stock. in a research report 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.