Deutsche Bank AG Purchases 1,529 Shares of BayCom Corp (NASDAQ:BCML)

Deutsche Bank AG lifted its position in BayCom Corp (NASDAQ:BCML) by 31.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,444 shares of the company’s stock after acquiring an additional 1,529 shares during the quarter. Deutsche Bank AG owned 0.06% of BayCom worth $173,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in shares of BayCom by 46.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,347 shares of the company’s stock valued at $36,000 after acquiring an additional 428 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of BayCom by 3,097.3% in the fourth quarter. Russell Investments Group Ltd. now owns 3,613 shares of the company’s stock valued at $97,000 after acquiring an additional 3,500 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of BayCom in the fourth quarter valued at about $120,000. Wells Fargo & Company MN raised its holdings in shares of BayCom by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 6,141 shares of the company’s stock valued at $165,000 after acquiring an additional 1,337 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of BayCom by 32.3% in the fourth quarter. Bank of America Corp DE now owns 13,485 shares of the company’s stock valued at $362,000 after acquiring an additional 3,292 shares in the last quarter. 66.16% of the stock is currently owned by institutional investors.

BayCom Stock Performance

Shares of BayCom stock opened at $26.20 on Tuesday. The company has a market capitalization of $288.38 million, a PE ratio of 12.48 and a beta of 0.54. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.04. The company has a 50-day simple moving average of $26.04 and a two-hundred day simple moving average of $26.84. BayCom Corp has a one year low of $18.54 and a one year high of $30.13.

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

BayCom Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, June 12th. This represents a $0.80 annualized dividend and a dividend yield of 3.05%. This is an increase from BayCom’s previous quarterly dividend of $0.15. BayCom’s dividend payout ratio is 38.10%.

Analyst Ratings Changes

A number of brokerages have commented on BCML. Wall Street Zen upgraded shares of BayCom from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Hovde Group downgraded shares of BayCom from an “outperform” rating to a “market perform” rating and set a $31.00 target price for the company. in a report on Wednesday, February 12th.

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.