BayCom Corp (NASDAQ:BCML) Shares Purchased by Barclays PLC

Barclays PLC increased its position in shares of BayCom Corp (NASDAQ:BCML) by 61.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,486 shares of the company’s stock after buying an additional 10,442 shares during the period. Barclays PLC owned 0.25% of BayCom worth $651,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised 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 worth $926,000 after purchasing an additional 1,380 shares during the period. Panagora Asset Management Inc. acquired a new position in shares of BayCom during the 2nd quarter worth approximately $211,000. Acadian Asset Management LLC raised its stake in shares of BayCom by 5.8% during 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 period. Dimensional Fund Advisors LP lifted its position in shares of BayCom by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 594,015 shares of the company’s stock valued at $12,088,000 after buying an additional 15,798 shares in the last quarter. Finally, Renaissance Technologies LLC grew 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 acquiring an additional 2,500 shares during the period. Institutional investors and hedge funds own 66.16% of the company’s stock.

BayCom Trading Up 0.5 %

Shares of BCML opened at $26.84 on Thursday. BayCom Corp has a 12-month low of $18.54 and a 12-month high of $30.13. The firm has a market capitalization of $298.49 million, a P/E ratio of 12.78 and a beta of 0.79. The firm has a 50-day moving average price of $27.34 and a 200 day moving average price of $24.11. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22.

BayCom (NASDAQ:BCML) last released its quarterly earnings results on Thursday, October 17th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $23.70 million. Sell-side analysts forecast that BayCom Corp will post 2.06 EPS for the current year.

BayCom Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 12th will be paid a dividend of $0.15 per share. This is an increase from BayCom’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a yield of 2.24%. The ex-dividend date is Thursday, December 12th. BayCom’s dividend payout ratio is presently 28.57%.

Wall Street Analyst Weigh In

Separately, Hovde Group raised their price target 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 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.