Los Angeles Capital Management LLC Sells 3,600 Shares of BayCom Corp (NASDAQ:BCML)

Los Angeles Capital Management LLC cut its stake in BayCom Corp (NASDAQ:BCML) by 18.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,327 shares of the company’s stock after selling 3,600 shares during the period. Los Angeles Capital Management LLC’s holdings in BayCom were worth $438,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp boosted its position in BayCom by 0.5% in the 3rd quarter. State Street Corp now owns 163,965 shares of the company’s stock valued at $3,906,000 after buying an additional 880 shares during the period. Captrust Financial Advisors raised its stake in shares of BayCom by 4.4% during the third quarter. Captrust Financial Advisors now owns 23,361 shares of the company’s stock valued at $554,000 after acquiring an additional 978 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of BayCom by 4.9% in the fourth quarter. Empowered Funds LLC now owns 34,399 shares of the company’s stock valued at $923,000 after purchasing an additional 1,604 shares during the period. Martingale Asset Management L P grew its stake in BayCom by 20.1% in the third quarter. Martingale Asset Management L P now owns 23,341 shares of the company’s stock worth $554,000 after purchasing an additional 3,900 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in BayCom during the 4th quarter worth $120,000. Hedge funds and other institutional investors own 66.16% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Hovde Group cut BayCom from an “outperform” rating to a “market perform” rating and set a $31.00 target price for the company. in a report on Wednesday, February 12th.

Insider Activity

In related news, CEO George J. Guarini sold 27,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $27.50, for a total transaction of $742,500.00. Following the sale, the chief executive officer now owns 46,759 shares of the company’s stock, valued at $1,285,872.50. This trade represents a 36.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 7.20% of the company’s stock.

BayCom Stock Down 2.8 %

NASDAQ:BCML opened at $26.74 on Tuesday. 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 firm has a market cap of $297.38 million, a PE ratio of 12.73 and a beta of 0.81. The company has a 50-day moving average of $27.25 and a 200 day moving average of $25.88. BayCom Corp has a 1-year low of $18.54 and a 1-year high of $30.13.

BayCom (NASDAQ:BCML) last released its quarterly earnings data on Thursday, January 23rd. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. BayCom had a net margin of 17.10% and a return on equity of 7.45%. As a group, research analysts anticipate that BayCom Corp will post 2.48 EPS for the current fiscal year.

BayCom Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.60 annualized dividend and a yield of 2.24%. BayCom’s dividend payout ratio (DPR) is presently 28.57%.

About BayCom

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.