Dimensional Fund Advisors LP Buys 13,269 Shares of BayCom Corp (NASDAQ:BCML)

Dimensional Fund Advisors LP boosted its holdings in BayCom Corp (NASDAQ:BCML - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 615,795 shares of the company's stock after buying an additional 13,269 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.54% of BayCom worth $16,528,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Barclays PLC raised its holdings in BayCom by 8.8% during the 4th quarter. Barclays PLC now owns 29,899 shares of the company's stock worth $803,000 after purchasing an additional 2,413 shares during the last quarter. LSV Asset Management boosted its position in BayCom by 23.2% during the fourth quarter. LSV Asset Management now owns 44,100 shares of the company's stock valued at $1,184,000 after acquiring an additional 8,293 shares during the last quarter. Martingale Asset Management L P grew its holdings in BayCom by 23.9% during the 4th quarter. Martingale Asset Management L P now owns 28,921 shares of the company's stock worth $776,000 after acquiring an additional 5,580 shares during the period. Renaissance Technologies LLC raised its position in shares of BayCom by 7.2% in the 4th quarter. Renaissance Technologies LLC now owns 77,844 shares of the company's stock worth $2,089,000 after acquiring an additional 5,244 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of BayCom by 3,097.3% in the 4th 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. Institutional investors own 66.16% of the company's stock.

BayCom Stock Down 1.4%

NASDAQ BCML traded down $0.37 during mid-day trading on Wednesday, hitting $26.99. The company's stock had a trading volume of 699 shares, compared to its average volume of 24,431. The firm has a market capitalization of $297.67 million, a price-to-earnings ratio of 12.85 and a beta of 0.54. The company's 50 day simple moving average is $25.64 and its 200 day simple moving average is $26.76. 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 Corp has a twelve month low of $18.54 and a twelve month high of $30.13.

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

BayCom Dividend Announcement

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 dividend of $0.15 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.60 annualized dividend and a dividend yield of 2.22%. BayCom's dividend payout ratio is currently 28.57%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at BayCom

In other BayCom news, CEO George J. Guarini sold 27,000 shares of BayCom stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $27.50, for a total value of $742,500.00. Following the sale, the chief executive officer now owns 46,759 shares of the company's stock, valued at approximately $1,285,872.50. The trade was a 36.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 7.20% of the company's stock.

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.