27,257 Shares in BayCom Corp (NASDAQ:BCML) Acquired by Citadel Advisors LLC

Citadel Advisors LLC bought a new position in BayCom Corp (NASDAQ:BCML) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 27,257 shares of the company’s stock, valued at approximately $732,000.

A number of other hedge funds also recently bought and sold shares of BCML. Wellington Management Group LLP lifted its position in BayCom by 41.6% in the 4th quarter. Wellington Management Group LLP now owns 930,498 shares of the company’s stock worth $24,975,000 after buying an additional 273,135 shares during the last quarter. Royce & Associates LP increased its stake in BayCom by 11.1% in the 4th quarter. Royce & Associates LP now owns 603,286 shares of the company’s stock worth $16,192,000 after purchasing an additional 60,075 shares during the period. JPMorgan Chase & Co. increased its stake in BayCom by 99.1% in the 4th 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. Dimensional Fund Advisors LP increased its stake in BayCom by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 615,795 shares of the company’s stock worth $16,528,000 after purchasing an additional 13,269 shares during the period. Finally, LSV Asset Management increased its stake in BayCom by 23.2% in the 4th quarter. LSV Asset Management now owns 44,100 shares of the company’s stock worth $1,184,000 after purchasing an additional 8,293 shares during the period. Institutional investors own 66.16% of the company’s stock.

BayCom Price Performance

Shares of BayCom stock opened at $26.75 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.04 and a quick ratio of 1.04. The business’s 50 day simple moving average is $26.03 and its two-hundred day simple moving average is $26.85. The stock has a market capitalization of $294.44 million, a P/E ratio of 12.74 and a beta of 0.54. BayCom Corp has a one year low of $18.54 and a one year high of $30.13.

BayCom (NASDAQ:BCML) last posted its earnings results on Thursday, April 17th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). BayCom had a net margin of 17.10% and a return on equity of 7.45%. The business had revenue of $32.65 million for the quarter, compared to analysts’ expectations of $24.07 million. Analysts forecast that BayCom Corp will post 2.48 EPS for the current year.

BayCom Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, June 12th. This is a boost from BayCom’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a dividend yield of 2.99%. BayCom’s payout ratio is 38.10%.

Insider Activity

In other news, CEO George J. Guarini sold 27,000 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,285,872.50. The trade was a 36.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.50% of the company’s stock.

Analyst Ratings Changes

BCML has been the topic of a number of analyst reports. Wall Street Zen raised BayCom from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Hovde Group cut BayCom from an “outperform” rating to a “market perform” rating and set a $31.00 price target on the stock. in a research note on Wednesday, February 12th.

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.