Dimensional Fund Advisors LP Has $3.18 Million Stock Holdings in BayCom Corp (NASDAQ:BCML)

Dimensional Fund Advisors LP increased its stake in shares of BayCom Corp (NASDAQ:BCML) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,461 shares of the company’s stock after purchasing an additional 1,056 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.77% of BayCom worth $3,178,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in BCML. Citigroup Inc. increased its position in BayCom by 286.7% during the 4th quarter. Citigroup Inc. now owns 2,115 shares of the company’s stock worth $32,000 after purchasing an additional 1,568 shares in the last quarter. Squarepoint Ops LLC grew its holdings in BayCom by 33.6% during the 4th quarter. Squarepoint Ops LLC now owns 14,556 shares of the company’s stock worth $221,000 after acquiring an additional 3,658 shares during the last quarter. Rhumbline Advisers grew its holdings in BayCom by 13.1% during the 4th quarter. Rhumbline Advisers now owns 17,021 shares of the company’s stock worth $258,000 after acquiring an additional 1,967 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of BayCom by 106.2% in the 4th quarter. Russell Investments Group Ltd. now owns 29,889 shares of the company’s stock valued at $452,000 after purchasing an additional 15,391 shares during the last quarter. Finally, Strs Ohio boosted its stake in shares of BayCom by 62.8% in the 4th quarter. Strs Ohio now owns 31,100 shares of the company’s stock valued at $471,000 after purchasing an additional 12,000 shares during the last quarter. Institutional investors and hedge funds own 60.40% of the company’s stock.

Separately, Zacks Investment Research raised shares of BayCom from a “sell” rating to a “hold” rating in a research note on Thursday, April 29th.

BCML opened at $18.69 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.06 and a current ratio of 1.07. The business’s fifty day simple moving average is $18.18. BayCom Corp has a 1-year low of $9.67 and a 1-year high of $19.00. The firm has a market capitalization of $203.87 million, a P/E ratio of 14.16 and a beta of 1.07.

BayCom (NASDAQ:BCML) last released its quarterly earnings data on Wednesday, April 21st. The company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.04). BayCom had a return on equity of 6.09% and a net margin of 16.53%. The business had revenue of $20.32 million for the quarter, compared to analyst estimates of $20.80 million. On average, analysts forecast that BayCom Corp will post 1.74 earnings per share for the current year.

About BayCom

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 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.

Featured Article: What does cost of debt say about a company’s financial health?

Want to see what other hedge funds are holding BCML? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BayCom Corp (NASDAQ:BCML).

Institutional Ownership by Quarter for BayCom (NASDAQ:BCML)

Receive News & Ratings for BayCom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BayCom and related companies with MarketBeat.com's FREE daily email newsletter.