BayCom Corp (NASDAQ:BCML) Short Interest Update

BayCom Corp (NASDAQ:BCML) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 43,600 shares, a growth of 13.5% from the October 31st total of 38,400 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 21,400 shares, the days-to-cover ratio is presently 2.0 days.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On BayCom

Institutional investors and hedge funds have recently bought and sold shares of the stock. Panagora Asset Management Inc. bought a new stake in shares of BayCom in the 2nd quarter worth $211,000. Martingale Asset Management L P boosted its holdings in BayCom by 20.1% during 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 during the last quarter. Captrust Financial Advisors grew its position in BayCom by 4.4% in the 3rd quarter. Captrust Financial Advisors now owns 23,361 shares of the company’s stock worth $554,000 after purchasing an additional 978 shares in the last quarter. Barclays PLC increased its stake in BayCom by 61.3% in the 3rd quarter. Barclays PLC now owns 27,486 shares of the company’s stock valued at $651,000 after buying an additional 10,442 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in shares of BayCom by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 32,795 shares of the company’s stock worth $778,000 after buying an additional 1,608 shares in the last quarter. 66.16% of the stock is owned by hedge funds and other institutional investors.

BayCom Stock Down 0.5 %

BayCom stock opened at $28.99 on Friday. The firm has a market capitalization of $322.37 million, a price-to-earnings ratio of 13.80 and a beta of 0.76. The firm’s fifty day moving average price is $25.40 and its two-hundred day moving average price is $22.79. BayCom has a 1-year low of $18.54 and a 1-year high of $30.13. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22.

BayCom (NASDAQ:BCML) last announced its quarterly earnings results on Thursday, October 17th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.07. The business had revenue of $25.61 million for the quarter, compared to analysts’ expectations of $23.70 million. BayCom had a net margin of 17.22% and a return on equity of 7.56%. On average, equities research analysts predict that BayCom will post 2.06 earnings per share for the current fiscal year.

BayCom Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 12th will be given a dividend of $0.15 per share. This is a boost from BayCom’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, December 12th. This represents a $0.60 annualized dividend and a dividend yield of 2.07%. BayCom’s payout ratio is presently 19.05%.

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.