JPMorgan Chase & Co. Has $1.19 Million Stake in BayCom Corp (NASDAQ:BCML)

JPMorgan Chase & Co. raised its position in BayCom Corp (NASDAQ:BCML - Free Report) by 99.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,455 shares of the company's stock after buying an additional 22,125 shares during the quarter. JPMorgan Chase & Co. owned 0.40% of BayCom worth $1,193,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings in shares of 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 purchasing an additional 428 shares in the last quarter. State Street Corp increased its holdings in BayCom by 0.5% in the 3rd quarter. State Street Corp now owns 163,965 shares of the company's stock valued at $3,906,000 after buying an additional 880 shares during the period. Empowered Funds LLC raised its position in shares of BayCom by 4.9% in the 4th quarter. Empowered Funds LLC now owns 34,399 shares of the company's stock valued at $923,000 after buying an additional 1,604 shares in the last quarter. American Century Companies Inc. boosted its position in shares of BayCom by 6.8% during the 4th quarter. American Century Companies Inc. now owns 64,051 shares of the company's stock worth $1,719,000 after acquiring an additional 4,068 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of BayCom by 12.7% during the 4th quarter. Prudential Financial Inc. now owns 37,335 shares of the company's stock worth $1,002,000 after acquiring an additional 4,200 shares in the last quarter. 66.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

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.

Insider Buying and Selling

In other news, CEO George J. Guarini sold 27,000 shares of BayCom stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $27.50, for a total transaction of $742,500.00. Following the transaction, the chief executive officer now owns 46,759 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.20% of the stock is owned by corporate insiders.

BayCom Price Performance

NASDAQ BCML traded up $0.28 during trading on Thursday, hitting $26.29. 1,120 shares of the company's stock were exchanged, compared to its average volume of 24,344. The company has a market cap of $292.55 million, a PE ratio of 12.52 and a beta of 0.50. 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 fifty-two week low of $18.54 and a fifty-two week high of $30.13. The stock's 50 day moving average price is $25.69 and its two-hundred day moving average price is $26.61.

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

BayCom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 13th were issued a $0.15 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.60 dividend on an annualized basis and a yield of 2.28%. BayCom's dividend payout ratio (DPR) is presently 28.57%.

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.