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
(Get Rating)
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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