Geode Capital Management LLC Sells 839 Shares of BayCom Corp (NASDAQ:BCML)

Geode Capital Management LLC lowered its position in shares of BayCom Corp (NASDAQ:BCML) by 0.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 232,431 shares of the company’s stock after selling 839 shares during the quarter. Geode Capital Management LLC owned about 2.09% of BayCom worth $5,514,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in BayCom by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 594,015 shares of the company’s stock worth $12,088,000 after acquiring an additional 15,798 shares in the last quarter. Royce & Associates LP boosted its position in shares of BayCom by 11.5% in the 3rd quarter. Royce & Associates LP now owns 543,211 shares of the company’s stock worth $12,885,000 after purchasing an additional 56,066 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of BayCom by 5.8% in the 2nd quarter. Acadian Asset Management LLC now owns 209,844 shares of the company’s stock worth $4,268,000 after buying an additional 11,484 shares during the last quarter. State Street Corp increased its position in 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 buying an additional 880 shares in the last quarter. Finally, Caldwell Sutter Capital Inc. raised its stake in BayCom by 3.4% during the third quarter. Caldwell Sutter Capital Inc. now owns 84,047 shares of the company’s stock valued at $1,994,000 after buying an additional 2,800 shares during the last quarter. Institutional investors own 66.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Hovde Group raised their price target on BayCom from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Friday, October 18th.

BayCom Trading Up 0.5 %

Shares of NASDAQ BCML opened at $26.33 on Friday. The company has a market cap of $292.82 million, a PE ratio of 12.54 and a beta of 0.79. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.04. The firm’s 50 day moving average price is $27.42 and its 200-day moving average price is $24.20. BayCom Corp has a 52-week low of $18.54 and a 52-week high of $30.13.

BayCom (NASDAQ:BCML) last issued its earnings results on Thursday, October 17th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.47 by $0.07. BayCom had a return on equity of 7.56% and a net margin of 17.22%. The business had revenue of $25.61 million for the quarter, compared to the consensus estimate of $23.70 million. On average, equities research analysts expect that BayCom Corp will post 2.06 EPS for the current fiscal year.

BayCom Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.60 annualized dividend and a yield of 2.28%. This is a boost from BayCom’s previous quarterly dividend of $0.10. BayCom’s dividend payout ratio is currently 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.