Walthausen & Co. LLC Grows Position in BayCom Corp (NASDAQ:BCML)

Walthausen & Co. LLC boosted its holdings in BayCom Corp (NASDAQ:BCML) by 21.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,890 shares of the company’s stock after acquiring an additional 12,370 shares during the quarter. Walthausen & Co. LLC’s holdings in BayCom were worth $1,589,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. Citigroup Inc. increased its position in shares of BayCom by 31.0% in the fourth quarter. Citigroup Inc. now owns 2,182 shares of the company’s stock valued at $50,000 after buying an additional 516 shares in the last quarter. California Public Employees Retirement System purchased a new position in shares of BayCom in the fourth quarter valued at $225,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of BayCom in the fourth quarter valued at $229,000. Barclays PLC increased its position in shares of BayCom by 102.9% in the fourth quarter. Barclays PLC now owns 10,874 shares of the company’s stock valued at $247,000 after buying an additional 5,514 shares in the last quarter. Finally, UBS Group AG increased its position in shares of BayCom by 49.2% in the fourth quarter. UBS Group AG now owns 14,255 shares of the company’s stock valued at $324,000 after buying an additional 4,702 shares in the last quarter. Hedge funds and other institutional investors own 63.32% of the company’s stock.

A number of analysts recently commented on BCML shares. TheStreet cut BayCom from a “b-” rating to a “c+” rating in a research report on Wednesday, March 18th. Zacks Investment Research cut BayCom from a “hold” rating to a “sell” rating in a research report on Thursday, March 12th. ValuEngine upgraded BayCom from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. Finally, BidaskClub upgraded BayCom from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 4th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. BayCom has an average rating of “Hold” and an average price target of $27.00.

BayCom stock traded up $0.32 during midday trading on Thursday, reaching $12.99. 23,200 shares of the company were exchanged, compared to its average volume of 54,602. The company has a market capitalization of $157.89 million, a price-to-earnings ratio of 8.78 and a beta of 0.43. The firm’s 50-day simple moving average is $19.43 and its 200-day simple moving average is $21.57. BayCom Corp has a 1 year low of $11.07 and a 1 year high of $24.89.

BayCom (NASDAQ:BCML) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $21.97 million for the quarter, compared to analysts’ expectations of $21.77 million. On average, sell-side analysts expect that BayCom Corp will post 2.19 earnings per share for the current fiscal year.

BayCom Profile

BayCom Corp operates as the bank holding company for United Business Bank that provides various financial services to businesses, business owners, and individuals. The company offers demand, savings, money market, and time deposit accounts. It also provides commercial and multi-family 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.

See Also: Dividend Reinvestment Plan (DRIP)

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Institutional Ownership by Quarter for BayCom (NASDAQ:BCML)

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