BayCom (NASDAQ:BCML) Upgraded at Wall Street Zen

BayCom (NASDAQ:BCML - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Thursday.

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

BayCom Trading Up 3.2%

BayCom stock traded up $0.84 during trading on Thursday, hitting $27.07. The company had a trading volume of 2,705 shares, compared to its average volume of 24,707. The stock has a market cap of $297.96 million, a price-to-earnings ratio of 12.89 and a beta of 0.54. 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 has a 1-year low of $18.54 and a 1-year high of $30.13. The company's 50 day simple moving average is $25.93 and its 200-day simple moving average is $26.86.

BayCom (NASDAQ:BCML - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $32.65 million during the quarter, compared to analyst estimates of $24.07 million. BayCom had a net margin of 17.10% and a return on equity of 7.45%. As a group, analysts expect that BayCom will post 2.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO George J. Guarini sold 27,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $27.50, for a total value of $742,500.00. Following the sale, the chief executive officer now directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.50% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in BayCom by 129.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,330 shares of the company's stock valued at $530,000 after purchasing an additional 12,617 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of BayCom during the fourth quarter worth approximately $422,000. SG Americas Securities LLC acquired a new stake in BayCom in the fourth quarter valued at approximately $120,000. Empowered Funds LLC lifted its stake in BayCom by 4.9% in the fourth quarter. Empowered Funds LLC now owns 34,399 shares of the company's stock worth $923,000 after acquiring an additional 1,604 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in BayCom by 46.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,347 shares of the company's stock worth $36,000 after acquiring an additional 428 shares in the last quarter. 66.16% of the stock is owned by institutional investors and hedge funds.

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.