Victory Capital Management Inc. lessened its stake in BayCom Corp (NASDAQ:BCML – Get Rating) by 11.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 142,764 shares of the company’s stock after selling 18,263 shares during the period. Victory Capital Management Inc. owned 1.07% of BayCom worth $2,510,000 at the end of the most recent quarter.
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A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wellington Management Group LLP grew its position in BayCom by 198.2% in the 1st quarter. Wellington Management Group LLP now owns 806,849 shares of the company’s stock valued at $17,565,000 after buying an additional 536,259 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of BayCom by 0.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 715,403 shares of the company’s stock valued at $15,574,000 after purchasing an additional 4,503 shares in the last quarter. Royce & Associates LP boosted its position in shares of BayCom by 2.0% during the 2nd quarter. Royce & Associates LP now owns 646,881 shares of the company’s stock valued at $13,377,000 after purchasing an additional 12,700 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of BayCom by 46.8% during the 1st quarter. Vanguard Group Inc. now owns 645,488 shares of the company’s stock valued at $14,052,000 after purchasing an additional 205,700 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of BayCom by 6.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 269,165 shares of the company’s stock valued at $5,860,000 after purchasing an additional 16,370 shares in the last quarter. Institutional investors own 57.75% of the company’s stock.
BayCom Stock Performance
NASDAQ:BCML opened at $20.11 on Wednesday. BayCom Corp has a twelve month low of $17.52 and a twelve month high of $23.53. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average of $19.06 and a 200-day moving average of $18.97. The firm has a market cap of $261.13 million, a price-to-earnings ratio of 9.81 and a beta of 0.67.
BayCom Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 16th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Thursday, December 15th. BayCom’s dividend payout ratio is presently 9.76%.
Insider Buying and Selling at BayCom
In other BayCom news, Director Robert G. Laverne sold 10,000 shares of the company’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 sale, the director now directly owns 85,081 shares of the company’s stock, valued at $1,671,841.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 6.40% of the company’s stock.
Analysts Set New Price Targets
Separately, DA Davidson raised their price objective on shares of BayCom to $23.50 in a research report on Thursday, October 27th.
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 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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