Two Sigma Advisers LP Has $623,000 Holdings in BayCom Corp (NASDAQ:BCML)

Two Sigma Advisers LP increased its holdings in shares of BayCom Corp (NASDAQ:BCML) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,200 shares of the company’s stock after buying an additional 2,000 shares during the quarter. Two Sigma Advisers LP owned 0.21% of BayCom worth $623,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in BCML. SG Americas Securities LLC acquired a new stake in BayCom during the 4th quarter worth $120,000. Empowered Funds LLC raised its stake in BayCom by 4.9% during the 4th quarter. Empowered Funds LLC now owns 34,399 shares of the company’s stock worth $923,000 after buying an additional 1,604 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of BayCom by 46.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,347 shares of the company’s stock valued at $36,000 after purchasing an additional 428 shares during the period. Royce & Associates LP raised its stake 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 purchasing an additional 60,075 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of BayCom by 6.8% in the 4th quarter. American Century Companies Inc. now owns 64,051 shares of the company’s stock valued at $1,719,000 after purchasing an additional 4,068 shares during the period. Institutional investors and hedge funds own 66.16% of the company’s stock.

Analysts Set New Price Targets

BCML has been the topic of several recent research reports. Hovde Group downgraded 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. Wall Street Zen raised BayCom from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd.

BayCom Trading Up 1.2%

BayCom stock opened at $26.52 on Wednesday. BayCom Corp has a 52 week low of $18.54 and a 52 week high of $30.13. 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 stock has a market capitalization of $291.91 million, a P/E ratio of 12.63 and a beta of 0.54. The stock has a 50-day simple moving average of $26.05 and a 200 day simple moving average of $26.83.

BayCom (NASDAQ:BCML) last posted its quarterly 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). 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 the consensus estimate of $24.07 million. Analysts expect that BayCom Corp will post 2.48 earnings per share for the current year.

BayCom Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors 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 dividend on an annualized basis and a yield of 3.02%. This is a boost from BayCom’s previous quarterly dividend of $0.15. BayCom’s dividend payout ratio (DPR) is presently 38.10%.

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.