BayCom Corp (NASDAQ:BCML) Short Interest Update

BayCom Corp (NASDAQ:BCML - Get Free Report) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 78,500 shares, an increase of 27.4% from the April 30th total of 61,600 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average trading volume of 25,100 shares, the days-to-cover ratio is currently 3.1 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its holdings in 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 buying an additional 273,135 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in 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 buying an additional 13,269 shares during the last quarter. Royce & Associates LP raised its holdings in BayCom by 11.1% in the 4th 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 last quarter. Alliancebernstein L.P. raised its holdings in BayCom by 0.3% in the 4th quarter. Alliancebernstein L.P. now owns 434,799 shares of the company's stock valued at $11,670,000 after buying an additional 1,500 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in BayCom by 9.2% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 127,190 shares of the company's stock valued at $3,201,000 after buying an additional 10,750 shares during the last quarter. Institutional investors own 66.16% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on BCML shares. Hovde Group downgraded 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. Wall Street Zen raised BayCom from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.

BayCom Price Performance

NASDAQ BCML traded up $0.47 during trading on Friday, hitting $26.73. 20,751 shares of the company's stock were exchanged, compared to its average volume of 24,931. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. The company has a market cap of $294.22 million, a PE ratio of 12.73 and a beta of 0.54. BayCom 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 $26.11 and its two-hundred day moving average price is $26.82.

BayCom (NASDAQ:BCML - Get Free Report) last issued 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). The business had revenue of $32.65 million for the quarter, compared to analyst estimates of $24.07 million. BayCom had a return on equity of 7.45% and a net margin of 17.10%. Research analysts expect that BayCom will post 2.48 EPS for the current year.

BayCom Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Thursday, June 12th. This is a positive change from BayCom's previous quarterly dividend of $0.15. BayCom's dividend payout ratio (DPR) is 38.10%.

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.