BayCom Corp (NASDAQ:BCML) Short Interest Update

BayCom Corp (NASDAQ:BCML) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 53,200 shares, a growth of 43.4% from the December 15th total of 37,100 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 27,400 shares, the short-interest ratio is presently 1.9 days.

BayCom Stock Up 5.0 %

NASDAQ:BCML traded up $1.28 during mid-day trading on Wednesday, reaching $26.79. The company’s stock had a trading volume of 46,141 shares, compared to its average volume of 24,313. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $297.93 million, a PE ratio of 12.76 and a beta of 0.80. The stock has a fifty day moving average of $27.52 and a 200-day moving average of $24.54. BayCom has a 1 year low of $18.54 and a 1 year high of $30.13.

BayCom (NASDAQ:BCML) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.07. The company had revenue of $25.61 million for the quarter, compared to analyst estimates of $23.70 million. BayCom had a net margin of 17.22% and a return on equity of 7.56%. Equities research analysts forecast that BayCom will post 2.06 earnings per share for the current year.

BayCom Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 12th were issued a $0.15 dividend. This is a boost from BayCom’s previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend was Thursday, December 12th. BayCom’s dividend payout ratio (DPR) is currently 28.57%.

Wall Street Analysts Forecast Growth

Separately, Hovde Group upped their target price on shares of BayCom from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th.

Institutional Investors Weigh In On BayCom

A number of hedge funds and other institutional investors have recently bought and sold shares of BCML. Royce & Associates LP boosted its position in shares of BayCom by 11.5% in the 3rd quarter. Royce & Associates LP now owns 543,211 shares of the company’s stock worth $12,885,000 after purchasing an additional 56,066 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of BayCom by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 594,015 shares of the company’s stock valued at $12,088,000 after acquiring an additional 15,798 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of BayCom during the fourth quarter valued at about $422,000. JPMorgan Chase & Co. raised its position in shares of BayCom by 129.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,330 shares of the company’s stock valued at $530,000 after purchasing an additional 12,617 shares during the last quarter. Finally, Barclays PLC boosted its stake in BayCom by 61.3% in the 3rd quarter. Barclays PLC now owns 27,486 shares of the company’s stock worth $651,000 after purchasing an additional 10,442 shares in the last quarter. Hedge funds and other institutional investors own 66.16% of the company’s stock.

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.