BNP Paribas Financial Markets Boosts Stock Position in BayCom Corp (NASDAQ:BCML)

BNP Paribas Financial Markets raised its position in shares of BayCom Corp (NASDAQ:BCMLFree Report) by 46.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,012 shares of the company’s stock after purchasing an additional 5,106 shares during the quarter. BNP Paribas Financial Markets owned 0.14% of BayCom worth $378,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BCML. LSV Asset Management purchased a new stake in shares of BayCom in the fourth quarter worth about $717,000. Los Angeles Capital Management LLC purchased a new stake in shares of BayCom in the fourth quarter worth about $615,000. New York State Common Retirement Fund boosted its stake in shares of BayCom by 55.8% in the fourth quarter. New York State Common Retirement Fund now owns 4,505 shares of the company’s stock worth $106,000 after buying an additional 1,613 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of BayCom by 72.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 39,700 shares of the company’s stock worth $937,000 after buying an additional 16,682 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of BayCom by 13.4% in the fourth quarter. SG Americas Securities LLC now owns 6,204 shares of the company’s stock worth $146,000 after buying an additional 732 shares during the last quarter. Hedge funds and other institutional investors own 66.16% of the company’s stock.

Analyst Ratings Changes

Separately, Hovde Group began coverage on BayCom in a research report on Monday, April 22nd. They set an “outperform” rating and a $24.00 price target on the stock.

Check Out Our Latest Stock Analysis on BayCom

BayCom Stock Performance

Shares of BCML stock opened at $19.01 on Wednesday. The company has a market capitalization of $213.86 million, a P/E ratio of 8.60 and a beta of 0.76. The business’s 50 day moving average is $20.15 and its two-hundred day moving average is $20.81. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23. BayCom Corp has a 12-month low of $16.28 and a 12-month high of $24.31.

BayCom (NASDAQ:BCMLGet Free Report) last issued its quarterly earnings results on Thursday, April 18th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.05). The business had revenue of $24.47 million for the quarter, compared to analysts’ expectations of $24.80 million. BayCom had a return on equity of 8.41% and a net margin of 19.27%. Analysts expect that BayCom Corp will post 1.98 EPS for the current fiscal year.

BayCom Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.10%. BayCom’s payout ratio is currently 18.10%.

About BayCom

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for BayCom (NASDAQ:BCML)

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