BayCom Corp (NASDAQ:BCML) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its stake in shares of BayCom Corp (NASDAQ:BCML) by 27.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,141 shares of the company’s stock after purchasing an additional 1,337 shares during the quarter. Wells Fargo & Company MN’s holdings in BayCom were worth $165,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of BCML. Wellington Management Group LLP boosted its stake in BayCom by 41.6% during 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 period. Royce & Associates LP raised its position in shares of 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 buying an additional 60,075 shares in the last quarter. JPMorgan Chase & Co. lifted its position in BayCom by 99.1% in the fourth quarter. JPMorgan Chase & Co. now owns 44,455 shares of the company’s stock worth $1,193,000 after purchasing an additional 22,125 shares during the period. Assenagon Asset Management S.A. bought a new position in BayCom during the 4th quarter valued at $422,000. Finally, Barclays PLC raised its stake in shares of BayCom by 61.3% in the 3rd quarter. Barclays PLC now owns 27,486 shares of the company’s stock worth $651,000 after buying an additional 10,442 shares in the last quarter. Institutional investors and hedge funds own 66.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, 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 Trading Down 0.6 %

Shares of NASDAQ BCML opened at $26.78 on Friday. The business has a fifty day simple moving average of $25.61 and a 200-day simple moving average of $26.71. The company has a market cap of $295.36 million, a price-to-earnings ratio of 12.75 and a beta of 0.54. BayCom Corp has a 12 month low of $18.54 and a 12 month high of $30.13. 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 (NASDAQ:BCML) 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 during 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%. Sell-side analysts predict that BayCom Corp will post 2.48 EPS for the current year.

BayCom Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 13th were paid a $0.15 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.60 annualized dividend and a dividend yield of 2.24%. BayCom’s payout ratio is 28.57%.

Insider Buying and Selling

In other BayCom news, CEO George J. Guarini sold 27,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $27.50, for a total transaction of $742,500.00. Following the transaction, the chief executive officer now directly owns 46,759 shares in the company, valued at $1,285,872.50. This trade represents a 36.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.50% of the stock is currently owned by corporate insiders.

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.