Rhumbline Advisers Has $448,000 Stock Position in BayCom Corp (NASDAQ:BCML)

Rhumbline Advisers reduced its holdings in shares of BayCom Corp (NASDAQ:BCML) by 28.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,708 shares of the company’s stock after selling 6,497 shares during the quarter. Rhumbline Advisers owned 0.15% of BayCom worth $448,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its holdings 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 last quarter. Captrust Financial Advisors boosted its holdings in BayCom by 4.4% during the third quarter. Captrust Financial Advisors now owns 23,361 shares of the company’s stock worth $554,000 after purchasing an additional 978 shares during the last quarter. Empowered Funds LLC raised its position in BayCom by 4.9% in the fourth quarter. Empowered Funds LLC now owns 34,399 shares of the company’s stock worth $923,000 after acquiring an additional 1,604 shares during the period. Martingale Asset Management L P raised its position in BayCom by 20.1% in the third quarter. Martingale Asset Management L P now owns 23,341 shares of the company’s stock worth $554,000 after acquiring an additional 3,900 shares during the period. Finally, SG Americas Securities LLC bought a new stake in BayCom in the fourth quarter worth about $120,000. 66.16% of the stock is currently owned by hedge funds and other institutional investors.

BayCom Stock Performance

NASDAQ BCML opened at $26.18 on Friday. The company’s 50 day moving average is $27.20 and its 200-day moving average is $26.01. BayCom Corp has a 12-month low of $18.54 and a 12-month high of $30.13. 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 firm has a market cap of $291.15 million, a P/E ratio of 12.47 and a beta of 0.82.

BayCom (NASDAQ:BCML) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. BayCom had a net margin of 17.10% and a return on equity of 7.45%. Sell-side analysts predict that BayCom Corp will post 2.48 earnings per share for the current year.

BayCom Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 13th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Thursday, March 13th. BayCom’s dividend payout ratio (DPR) is presently 28.57%.

Analyst Upgrades and Downgrades

Separately, Hovde Group lowered shares of BayCom from an “outperform” rating to a “market perform” rating and set a $31.00 price target on the stock. in a research report on Wednesday, February 12th.

Insider Buying and Selling

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

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.