BayCom Corp (NASDAQ:BCML) Short Interest Update

BayCom Corp (NASDAQ:BCML) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 51,700 shares, a drop of 12.7% from the January 15th total of 59,200 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 30,600 shares, the short-interest ratio is presently 1.7 days.

Analysts Set New Price Targets

Separately, Hovde Group cut 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.

Institutional Investors Weigh In On BayCom

Several large investors have recently added to or reduced their stakes in BCML. PNC Financial Services Group Inc. boosted its holdings in shares of BayCom by 46.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,347 shares of the company’s stock valued at $36,000 after acquiring an additional 428 shares in the last quarter. Bridgeway Capital Management LLC lifted its position 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. State Street Corp boosted its stake in BayCom by 0.5% during the 3rd quarter. State Street Corp now owns 163,965 shares of the company’s stock valued at $3,906,000 after purchasing an additional 880 shares in the last quarter. Captrust Financial Advisors increased its position in shares of BayCom by 4.4% during the 3rd quarter. Captrust Financial Advisors now owns 23,361 shares of the company’s stock valued at $554,000 after purchasing an additional 978 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of BayCom by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 6,141 shares of the company’s stock valued at $165,000 after purchasing an additional 1,337 shares in the last quarter. 66.16% of the stock is owned by institutional investors and hedge funds.

BayCom Stock Performance

Shares of NASDAQ:BCML traded down $0.18 on Monday, reaching $28.02. 11,107 shares of the company’s stock were exchanged, compared to its average volume of 29,574. The business’s 50-day moving average is $27.42 and its two-hundred day moving average is $25.45. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.22. BayCom has a fifty-two week low of $18.54 and a fifty-two week high of $30.13. The firm has a market capitalization of $311.58 million, a price-to-earnings ratio of 13.34 and a beta of 0.81.

BayCom (NASDAQ:BCML) last released its quarterly earnings data on Thursday, January 23rd. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. BayCom had a net margin of 17.10% and a return on equity of 7.45%. As a group, equities research analysts forecast that BayCom will post 2.48 EPS for the current year.

BayCom Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 12th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, December 12th. This represents a $0.60 dividend on an annualized basis and a yield of 2.14%. This is a positive change from BayCom’s previous quarterly dividend of $0.10. BayCom’s payout ratio is currently 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.