Jane Street Group LLC Sells 1,525 Shares of BayCom Corp (NASDAQ:BCML)

Jane Street Group LLC cut its stake in BayCom Corp (NASDAQ:BCML) by 13.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,247 shares of the company’s stock after selling 1,525 shares during the period. Jane Street Group LLC owned approximately 0.09% of BayCom worth $243,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of BCML. Bank of New York Mellon Corp boosted its holdings in BayCom by 3.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 45,509 shares of the company’s stock valued at $926,000 after purchasing an additional 1,380 shares during the period. Dimensional Fund Advisors LP boosted its holdings in BayCom by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 594,015 shares of the company’s stock valued at $12,088,000 after purchasing an additional 15,798 shares during the period. Renaissance Technologies LLC boosted its holdings in BayCom by 3.2% in the 2nd quarter. Renaissance Technologies LLC now owns 80,500 shares of the company’s stock valued at $1,638,000 after purchasing an additional 2,500 shares during the period. Caldwell Sutter Capital Inc. boosted its holdings in BayCom by 3.4% in the 3rd quarter. Caldwell Sutter Capital Inc. now owns 84,047 shares of the company’s stock valued at $1,994,000 after purchasing an additional 2,800 shares during the period. Finally, Royce & Associates LP boosted its holdings in BayCom by 11.5% in the 3rd quarter. Royce & Associates LP now owns 543,211 shares of the company’s stock valued at $12,885,000 after purchasing an additional 56,066 shares during the period. 66.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Hovde Group increased their price objective on shares of BayCom from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, October 18th.

BayCom Trading Down 3.8 %

Shares of BCML stock opened at $24.76 on Friday. BayCom Corp has a 52-week low of $18.54 and a 52-week high of $30.13. The stock has a market cap of $275.36 million, a price-to-earnings ratio of 11.79 and a beta of 0.80. 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 has a fifty day moving average of $27.51 and a 200-day moving average of $24.43.

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

BayCom Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 12th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, December 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.42%. This is a boost from BayCom’s previous quarterly dividend of $0.10. BayCom’s dividend payout ratio (DPR) is 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.