BayCom Corp (NASDAQ:BCML) Short Interest Down 19.4% in February

BayCom Corp (NASDAQ:BCML) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 41,500 shares, a decrease of 19.4% from the February 13th total of 51,500 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 27,400 shares, the days-to-cover ratio is presently 1.5 days.

Wall Street Analysts Forecast Growth

Separately, Hovde Group downgraded 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 stock in a transaction that occurred on Monday, March 3rd. The stock was 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 $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 the SEC website. 7.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BayCom

Large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its stake in shares of BayCom by 46.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,347 shares of the company’s stock valued at $36,000 after acquiring an additional 428 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of BayCom by 3,097.3% in the 4th quarter. Russell Investments Group Ltd. now owns 3,613 shares of the company’s stock valued at $97,000 after acquiring an additional 3,500 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of BayCom in the 4th quarter valued at $120,000. Wells Fargo & Company MN lifted its stake in shares of BayCom by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 6,141 shares of the company’s stock valued at $165,000 after acquiring an additional 1,337 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of BayCom by 31.1% in the 4th quarter. Deutsche Bank AG now owns 6,444 shares of the company’s stock valued at $173,000 after acquiring an additional 1,529 shares during the last quarter. Institutional investors and hedge funds own 66.16% of the company’s stock.

BayCom Trading Up 0.4 %

Shares of BCML stock opened at $25.11 on Tuesday. The stock’s fifty day moving average price is $27.01 and its two-hundred day moving average price is $26.12. The company has a market cap of $279.25 million, a PE ratio of 11.96 and a beta of 0.82. BayCom has a fifty-two week low of $18.54 and a fifty-two week high of $30.13. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.04.

BayCom (NASDAQ:BCML) last issued its earnings results 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 return on equity of 7.45% and a net margin of 17.10%. Equities analysts predict that BayCom will post 2.48 EPS for the current fiscal year.

BayCom Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Thursday, March 13th. BayCom’s dividend payout ratio is presently 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.