BayCom Corp (NASDAQ:BCML) Short Interest Update

BayCom Corp (NASDAQ:BCML) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 51,700 shares, a drop of 12.7% from the January 15th total of 59,200 shares. Based on an average trading volume of 30,600 shares, the short-interest ratio is presently 1.7 days. Currently, 0.5% of the company’s stock are sold short.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On BayCom

Several institutional investors have recently added to or reduced their stakes in BCML. PNC Financial Services Group Inc. raised its holdings 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 worth $36,000 after purchasing an additional 428 shares during the period. Russell Investments Group Ltd. raised its stake in shares of 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 buying an additional 3,500 shares during the period. SG Americas Securities LLC bought a new stake in shares of BayCom in the fourth quarter valued at $120,000. Wells Fargo & Company MN lifted its position in shares of BayCom by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 6,141 shares of the company’s stock valued at $165,000 after buying an additional 1,337 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in shares of BayCom by 31.1% during the 4th quarter. Deutsche Bank AG now owns 6,444 shares of the company’s stock worth $173,000 after acquiring an additional 1,529 shares during the period. Institutional investors own 66.16% of the company’s stock.

BayCom Stock Down 0.6 %

NASDAQ:BCML traded down $0.18 during trading hours on Monday, hitting $28.02. 11,107 shares of the company traded hands, compared to its average volume of 29,574. The firm’s 50-day simple moving average is $27.42 and its 200-day simple moving average is $25.45. The company has a market cap of $311.58 million, a PE ratio of 13.34 and a beta of 0.81. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.22. BayCom has a one year low of $18.54 and a one year high of $30.13.

BayCom (NASDAQ:BCML) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $0.55 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%. Equities analysts predict that BayCom will post 2.48 earnings per share for the current year.

BayCom Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 12th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend was Thursday, December 12th. This is an increase from BayCom’s previous quarterly dividend of $0.10. BayCom’s dividend payout ratio is 28.57%.

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.