Short Interest in BayCom Corp (NASDAQ:BCML) Increases By 22.2%

BayCom Corp (NASDAQ:BCML - Get Free Report) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 76,600 shares, a growth of 22.2% from the March 31st total of 62,700 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 23,200 shares, the days-to-cover ratio is presently 3.3 days.

Insider Buying and Selling

In other BayCom news, CEO George J. Guarini sold 27,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $27.50, for a total transaction of $742,500.00. Following the sale, the chief executive officer now directly owns 46,759 shares in the company, 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 at the SEC website. 7.20% of the stock is currently owned by company insiders.

Institutional Trading of BayCom

Hedge funds and other institutional investors have recently made changes to their positions in the company. Woodward Diversified Capital LLC acquired a new position in shares of BayCom in the first quarter worth approximately $755,000. Cerity Partners LLC boosted its stake in shares of BayCom by 0.6% in the 1st quarter. Cerity Partners LLC now owns 83,241 shares of the company's stock valued at $2,095,000 after purchasing an additional 533 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of BayCom by 4.5% during the first quarter. Bank of New York Mellon Corp now owns 38,454 shares of the company's stock worth $968,000 after buying an additional 1,663 shares during the period. GAMMA Investing LLC raised its stake in BayCom by 7,206.9% during the first quarter. GAMMA Investing LLC now owns 5,261 shares of the company's stock worth $132,000 after buying an additional 5,189 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in BayCom by 41.6% during the fourth quarter. Wellington Management Group LLP now owns 930,498 shares of the company's stock worth $24,975,000 after buying an additional 273,135 shares during the last quarter. 66.16% of the stock is currently owned by institutional investors.

BayCom Price Performance

Shares of BCML stock traded up $0.08 on Tuesday, reaching $26.42. The company had a trading volume of 23,329 shares, compared to its average volume of 24,215. The stock has a market capitalization of $291.43 million, a PE ratio of 12.58 and a beta of 0.54. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.22. The business's 50-day moving average is $25.62 and its 200 day moving average is $26.68. BayCom has a one year low of $18.54 and a one year high of $30.13.

BayCom (NASDAQ:BCML - Get Free Report) last posted its earnings results on Thursday, April 17th. The company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). BayCom had a return on equity of 7.45% and a net margin of 17.10%. The company had revenue of $32.65 million for the quarter, compared to the consensus estimate of $24.07 million. Equities research analysts forecast that BayCom will post 2.48 EPS for the current fiscal year.

BayCom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th were given a $0.15 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.60 annualized dividend and a yield of 2.27%. BayCom's dividend payout ratio is presently 28.57%.

Analysts Set New Price Targets

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

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.