BayCom Corp (NASDAQ:BCML) Short Interest Update

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. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 27,400 shares, the short-interest ratio is presently 1.5 days.

BayCom Stock Performance

NASDAQ:BCML opened at $25.24 on Wednesday. The company’s 50-day moving average is $27.00 and its two-hundred day moving average is $26.13. BayCom has a 1-year low of $18.54 and a 1-year high of $30.13. 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 capitalization of $280.69 million, a price-to-earnings ratio of 12.02 and a beta of 0.82.

BayCom (NASDAQ:BCML) last released its quarterly earnings data on Thursday, January 23rd. The company reported $0.55 EPS 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%. Analysts forecast that BayCom will post 2.48 EPS for the current year.

BayCom Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 13th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.60 annualized dividend and a yield of 2.38%. BayCom’s dividend payout ratio (DPR) is currently 28.57%.

Insider Activity

In related news, CEO George J. Guarini sold 27,000 shares of BayCom 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 transaction, the chief executive officer now owns 46,759 shares in the company, valued at approximately $1,285,872.50. This trade represents a 36.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 7.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised 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 period. Russell Investments Group Ltd. raised its position in BayCom by 3,097.3% in the fourth quarter. Russell Investments Group Ltd. now owns 3,613 shares of the company’s stock valued at $97,000 after purchasing an additional 3,500 shares during the period. SG Americas Securities LLC acquired a new position in BayCom during the fourth quarter worth $120,000. Wells Fargo & Company MN boosted its position in shares of BayCom by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 6,141 shares of the company’s stock worth $165,000 after buying an additional 1,337 shares during the period. Finally, Deutsche Bank AG grew its stake in shares of BayCom by 31.1% in the fourth quarter. Deutsche Bank AG now owns 6,444 shares of the company’s stock valued at $173,000 after buying an additional 1,529 shares in the last quarter. Hedge funds and other institutional investors own 66.16% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.