9,542 Shares in BayCom Corp (NASDAQ:BCML) Acquired by Man Group plc

Man Group plc purchased a new stake in BayCom Corp (NASDAQ:BCML - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,542 shares of the company's stock, valued at approximately $256,000. Man Group plc owned about 0.09% of BayCom as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BCML. Wellington Management Group LLP boosted its stake 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 valued at $24,975,000 after purchasing an additional 273,135 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of BayCom by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 615,795 shares of the company's stock valued at $16,528,000 after acquiring an additional 13,269 shares during the last quarter. Royce & Associates LP boosted its stake in BayCom by 11.1% during the 4th quarter. Royce & Associates LP now owns 603,286 shares of the company's stock worth $16,192,000 after acquiring an additional 60,075 shares during the last quarter. Alliancebernstein L.P. increased its stake in BayCom by 0.3% in the fourth quarter. Alliancebernstein L.P. now owns 434,799 shares of the company's stock valued at $11,670,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in BayCom by 0.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 105,412 shares of the company's stock worth $2,829,000 after purchasing an additional 704 shares during the period. 66.16% of the stock is owned by institutional investors.

Insider Buying and Selling at BayCom

In related news, CEO George J. Guarini sold 27,000 shares of the firm's 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 completion of 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 6.50% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on BCML shares. Wall Street Zen raised BayCom from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Hovde Group lowered shares of BayCom from an "outperform" rating to a "market perform" rating and set a $31.00 target price for the company. in a research note on Wednesday, February 12th.

BayCom Stock Up 0.8%

NASDAQ:BCML traded up $0.20 during trading hours on Thursday, reaching $26.72. 26,814 shares of the stock were exchanged, compared to its average volume of 24,826. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.04 and a quick ratio of 1.04. BayCom Corp has a twelve month low of $18.54 and a twelve month high of $30.13. The stock has a market cap of $294.11 million, a PE ratio of 12.72 and a beta of 0.54. The firm has a 50 day moving average of $26.00 and a 200 day moving average of $26.85.

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

BayCom Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.20 per share. This is a positive change from BayCom's previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Thursday, June 12th. BayCom's dividend payout ratio is 38.10%.

BayCom 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.