BayCom Corp (NASDAQ:BCML) Short Interest Update

BayCom Corp (NASDAQ:BCML) saw a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 38,400 shares, a decline of 9.6% from the October 15th total of 42,500 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 20,800 shares, the days-to-cover ratio is currently 1.8 days.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On BayCom

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of BayCom by 0.4% in the first quarter. Vanguard Group Inc. now owns 668,965 shares of the company’s stock worth $13,787,000 after purchasing an additional 2,801 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of BayCom by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 594,015 shares of the company’s stock valued at $12,088,000 after acquiring an additional 15,798 shares during the period. Royce & Associates LP raised its position in BayCom by 11.5% during 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 last quarter. Acadian Asset Management LLC raised its holdings in shares of BayCom by 5.8% during the second quarter. Acadian Asset Management LLC now owns 209,844 shares of the company’s stock valued at $4,268,000 after acquiring an additional 11,484 shares in the last quarter. Finally, State Street Corp raised its holdings in BayCom by 0.5% in the 3rd quarter. State Street Corp now owns 163,965 shares of the company’s stock worth $3,906,000 after purchasing an additional 880 shares in the last quarter. 66.16% of the stock is currently owned by institutional investors.

BayCom Price Performance

BayCom stock opened at $26.99 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. The company has a market cap of $300.13 million, a price-to-earnings ratio of 12.85 and a beta of 0.76. BayCom has a 12 month low of $18.54 and a 12 month high of $28.62. The business’s 50 day simple moving average is $24.44 and its 200 day simple moving average is $22.30.

BayCom (NASDAQ:BCML) last released its quarterly earnings data on Thursday, October 17th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.47 by $0.07. The company had revenue of $25.61 million during the quarter, compared to the consensus estimate of $23.70 million. BayCom had a net margin of 17.22% and a return on equity of 7.56%. Sell-side analysts forecast that BayCom will post 2.06 EPS for the current year.

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.