BayCom Corp (NASDAQ:BCML) Short Interest Update

BayCom Corp (NASDAQ:BCML – Get Rating) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 106,800 shares, a growth of 16.0% from the November 30th total of 92,100 shares. Based on an average daily volume of 32,200 shares, the short-interest ratio is currently 3.3 days.

Wall Street Analyst Weigh In

Separately, DA Davidson upped their price target on shares of BayCom to $23.50 in a research note on Thursday, October 27th.

BayCom Price Performance

Shares of NASDAQ:BCML traded down $0.05 during trading on Friday, reaching $18.98. The company had a trading volume of 9,746 shares, compared to its average volume of 28,620. BayCom has a twelve month low of $17.52 and a twelve month high of $23.53. The firm has a market capitalization of $246.36 million, a PE ratio of 9.78 and a beta of 0.69. The firm’s fifty day moving average is $19.00 and its 200 day moving average is $19.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.06 and a current ratio of 1.06.

BayCom (NASDAQ:BCML – Get Rating) last released its earnings results on Thursday, October 20th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.06). BayCom had a net margin of 22.02% and a return on equity of 7.98%. On average, equities analysts forecast that BayCom will post 2.09 EPS for the current year.

BayCom Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 16th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.05%. The ex-dividend date is Thursday, December 15th. BayCom’s dividend payout ratio is presently 10.31%.

Insider Buying and Selling at BayCom

In other BayCom news, Director Robert G. Laverne sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $19.65, for a total transaction of $196,500.00. Following the completion of the transaction, the director now directly owns 85,081 shares of the company’s stock, valued at approximately $1,671,841.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.40% of the stock is currently owned by company insiders.

Institutional Trading of BayCom

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. acquired a new stake in BayCom during the third quarter valued at approximately $27,000. Bank of America Corp DE raised its holdings in shares of BayCom by 715.5% during the first quarter. Bank of America Corp DE now owns 1,794 shares of the company’s stock valued at $39,000 after acquiring an additional 1,574 shares during the period. Dorsey Wright & Associates acquired a new stake in shares of BayCom during the second quarter valued at approximately $42,000. Russell Investments Group Ltd. raised its holdings in shares of BayCom by 185.0% during the second quarter. Russell Investments Group Ltd. now owns 3,243 shares of the company’s stock valued at $66,000 after acquiring an additional 2,105 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of BayCom during the third quarter valued at approximately $60,000. 57.75% of the stock is owned by institutional investors and hedge funds.

BayCom Company Profile

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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 offers demand, savings, money market, and time deposit accounts. It also provides 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.

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