Insider Selling: BayCom Corp (NASDAQ:BCML) CEO Sells $742,500.00 in Stock

BayCom Corp (NASDAQ:BCML) CEO George J. Guarini sold 27,000 shares of the 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

BayCom Price Performance

Shares of BCML opened at $26.10 on Thursday. The company has a market capitalization of $290.26 million, a price-to-earnings ratio of 12.43 and a beta of 0.82. BayCom Corp has a fifty-two week low of $18.54 and a fifty-two week high of $30.13. The firm has a 50-day simple moving average of $27.24 and a 200-day simple moving average of $25.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.04.

BayCom (NASDAQ:BCML) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. BayCom had a net margin of 17.10% and a return on equity of 7.45%. On average, equities research analysts anticipate that BayCom Corp will post 2.48 earnings per share for the current year.

BayCom Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 13th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.60 annualized dividend and a yield of 2.30%. BayCom’s dividend payout ratio is currently 28.57%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its holdings in BayCom by 46.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,347 shares of the company’s stock valued at $36,000 after buying an additional 428 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in BayCom by 3,097.3% in the fourth quarter. Russell Investments Group Ltd. now owns 3,613 shares of the company’s stock valued at $97,000 after buying an additional 3,500 shares in the last quarter. SG Americas Securities LLC purchased a new position in BayCom in the fourth quarter valued at about $120,000. Wells Fargo & Company MN increased its holdings in BayCom by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 6,141 shares of the company’s stock valued at $165,000 after buying an additional 1,337 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in BayCom by 31.1% in the fourth quarter. Deutsche Bank AG now owns 6,444 shares of the company’s stock valued at $173,000 after buying an additional 1,529 shares in the last quarter. 66.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.