Citadel Advisors LLC bought a new stake in shares of BayCom Corp (NASDAQ:BCML - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 27,257 shares of the company's stock, valued at approximately $732,000. Citadel Advisors LLC owned about 0.25% of BayCom as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP lifted its position in shares of BayCom by 41.6% in the 4th quarter. Wellington Management Group LLP now owns 930,498 shares of the company's stock worth $24,975,000 after purchasing an additional 273,135 shares during the period. Royce & Associates LP grew its position in BayCom by 11.1% during the fourth quarter. Royce & Associates LP now owns 603,286 shares of the company's stock valued at $16,192,000 after buying an additional 60,075 shares during the period. JPMorgan Chase & Co. boosted its position in shares of BayCom by 99.1% in the fourth quarter. JPMorgan Chase & Co. now owns 44,455 shares of the company's stock worth $1,193,000 after purchasing an additional 22,125 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of BayCom by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 615,795 shares of the company's stock worth $16,528,000 after buying an additional 13,269 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in shares of BayCom by 23.2% in the fourth quarter. LSV Asset Management now owns 44,100 shares of the company's stock worth $1,184,000 after buying an additional 8,293 shares in the last quarter. Institutional investors own 66.16% of the company's stock.
BayCom Stock Performance
Shares of NASDAQ BCML traded down $0.19 during midday trading on Monday, reaching $26.20. The company had a trading volume of 39,653 shares, compared to its average volume of 24,921. The stock has a market cap of $288.38 million, a P/E ratio of 12.48 and a beta of 0.54. BayCom Corp has a 1 year low of $18.54 and a 1 year high of $30.13. The business's 50-day simple moving average is $26.03 and its 200 day simple moving average is $26.84. 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 (NASDAQ:BCML - Get Free Report) last released its quarterly 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). The firm had revenue of $32.65 million for 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%. On average, analysts forecast that BayCom Corp will post 2.48 earnings per share for the current fiscal year.
BayCom Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.20 dividend. This is an increase from BayCom's previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Thursday, June 12th. BayCom's dividend payout ratio (DPR) is currently 38.10%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the stock. Wall Street Zen raised shares of BayCom from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Hovde Group downgraded shares of BayCom from an "outperform" rating to a "market perform" rating and set a $31.00 price objective on the stock. in a research note on Wednesday, February 12th.
Get Our Latest Research Report on BCML
BayCom Company Profile
(
Free Report)
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.
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