BayCom Corp (NASDAQ:BCML) Short Interest Down 20.0% in March

BayCom Corp (NASDAQ:BCML - Get Free Report) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 75,800 shares, a drop of 20.0% from the March 15th total of 94,700 shares. Based on an average daily volume of 22,700 shares, the short-interest ratio is currently 3.3 days.

Institutional Trading of BayCom

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. bought a new position in shares of BayCom in the third quarter valued at approximately $442,000. O Shaughnessy Asset Management LLC bought a new position in shares of BayCom in the third quarter valued at approximately $281,000. SG Americas Securities LLC purchased a new stake in shares of BayCom during the third quarter valued at approximately $105,000. Wells Fargo & Company MN lifted its holdings in BayCom by 108.1% during the second quarter. Wells Fargo & Company MN now owns 4,511 shares of the company's stock worth $75,000 after acquiring an additional 2,343 shares during the period. Finally, UBS Group AG boosted its position in BayCom by 499.6% in the fourth quarter. UBS Group AG now owns 3,286 shares of the company's stock worth $62,000 after purchasing an additional 2,738 shares during the last quarter. Institutional investors own 66.16% of the company's stock.

BayCom Trading Up 0.4 %

Shares of BCML stock traded up $0.07 during trading hours on Friday, hitting $19.92. 17,811 shares of the company were exchanged, compared to its average volume of 27,803. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.05. BayCom has a fifty-two week low of $15.02 and a fifty-two week high of $24.31. The company has a 50 day simple moving average of $20.02 and a two-hundred day simple moving average of $20.77. The firm has a market cap of $228.48 million, a P/E ratio of 8.85 and a beta of 0.76.

BayCom (NASDAQ:BCML - Get Free Report) last announced its quarterly earnings data on Thursday, January 25th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). BayCom had a net margin of 20.33% and a return on equity of 8.80%. The company had revenue of $26.20 million for the quarter, compared to analyst estimates of $25.90 million. Equities analysts anticipate that BayCom will post 2.26 EPS for the current year.

BayCom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Saturday, March 16th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Thursday, March 14th. BayCom's dividend payout ratio is currently 17.78%.

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.