Russell Investments Group Ltd. Grows Holdings in BayCom Corp (NASDAQ:BCML)

Russell Investments Group Ltd. boosted its position in shares of BayCom Corp (NASDAQ:BCML) by 3,097.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,613 shares of the company’s stock after purchasing an additional 3,500 shares during the quarter. Russell Investments Group Ltd.’s holdings in BayCom were worth $97,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in BCML. Wellington Management Group LLP increased its position in shares of BayCom by 41.6% during the fourth quarter. Wellington Management Group LLP now owns 930,498 shares of the company’s stock worth $24,975,000 after purchasing an additional 273,135 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of BayCom by 11.1% in the 4th quarter. Royce & Associates LP now owns 603,286 shares of the company’s stock valued at $16,192,000 after buying an additional 60,075 shares during the period. Alliancebernstein L.P. grew its position in BayCom by 0.3% during the fourth quarter. Alliancebernstein L.P. now owns 434,799 shares of the company’s stock valued at $11,670,000 after buying an additional 1,500 shares during the period. State Street Corp raised its holdings in BayCom by 0.5% in the 3rd quarter. State Street Corp now owns 163,965 shares of the company’s stock worth $3,906,000 after purchasing an additional 880 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of BayCom by 6.8% during the 4th quarter. American Century Companies Inc. now owns 64,051 shares of the company’s stock valued at $1,719,000 after buying an additional 4,068 shares in the last quarter. 66.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

BayCom Stock Performance

Shares of BayCom stock opened at $25.96 on Friday. BayCom Corp has a 52 week low of $18.54 and a 52 week high of $30.13. The firm has a market cap of $288.93 million, a PE ratio of 12.36 and a beta of 0.50. The business’s fifty day simple moving average is $25.81 and its 200-day simple moving average is $26.58. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.22.

BayCom (NASDAQ:BCML) last released its earnings results on Thursday, April 17th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). BayCom had a return on equity of 7.45% and a net margin of 17.10%. The business had revenue of $32.65 million for the quarter, compared to analyst estimates of $24.07 million. Equities analysts forecast that BayCom Corp will post 2.48 earnings per share for the current year.

BayCom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 13th were given a $0.15 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.31%. BayCom’s dividend payout ratio (DPR) is presently 28.57%.

Insider Activity

In other BayCom news, CEO George J. Guarini sold 27,000 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $27.50, for a total transaction of $742,500.00. Following the completion of the transaction, the chief executive officer now owns 46,759 shares in the company, valued at approximately $1,285,872.50. This represents a 36.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.20% of the company’s stock.

BayCom 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.