BayCom Corp (NASDAQ:BCML) Stake Increased by Barclays PLC

Barclays PLC lifted its holdings in BayCom Corp (NASDAQ:BCML) by 61.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,486 shares of the company’s stock after buying an additional 10,442 shares during the period. Barclays PLC owned about 0.25% of BayCom worth $651,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in BayCom by 2.7% during the 2nd 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 during the period. Royce & Associates LP lifted its position in shares of BayCom by 11.5% in the third 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. State Street Corp boosted its holdings in shares of 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. Caldwell Sutter Capital Inc. increased its stake 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 buying an additional 2,800 shares during the period. Finally, Renaissance Technologies LLC increased its stake 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 buying an additional 2,500 shares during the period. Hedge funds and other institutional investors own 66.16% of the company’s stock.

Analysts Set New Price Targets

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

BayCom Stock Performance

Shares of BCML stock opened at $26.42 on Friday. BayCom Corp has a fifty-two week low of $18.54 and a fifty-two week high of $30.13. The stock’s 50-day moving average is $27.51 and its two-hundred day moving average is $24.55. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market cap of $293.79 million, a P/E ratio of 12.58 and a beta of 0.80.

BayCom (NASDAQ:BCML) last announced its quarterly 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. The business had revenue of $25.61 million during the quarter, compared to analysts’ expectations of $23.70 million. BayCom had a return on equity of 7.56% and a net margin of 17.22%. Analysts predict that BayCom Corp will post 2.06 earnings per share for the current fiscal year.

BayCom Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 12th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.27%. This is an increase from BayCom’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, December 12th. BayCom’s payout ratio is currently 28.57%.

BayCom 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.