BayCom Corp (NASDAQ:BCML) Stock Holdings Lifted by Two Sigma Investments LP

Two Sigma Investments LP grew its stake in shares of BayCom Corp (NASDAQ:BCML) by 27.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,445 shares of the company’s stock after acquiring an additional 4,575 shares during the period. Two Sigma Investments LP owned 0.19% of BayCom worth $576,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. boosted its holdings in BayCom by 46.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,347 shares of the company’s stock worth $36,000 after purchasing an additional 428 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in BayCom by 3,097.3% in the fourth quarter. Russell Investments Group Ltd. now owns 3,613 shares of the company’s stock worth $97,000 after purchasing an additional 3,500 shares in the last quarter. SG Americas Securities LLC bought a new stake in BayCom in the fourth quarter worth $120,000. Wells Fargo & Company MN boosted its holdings in BayCom by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 6,141 shares of the company’s stock worth $165,000 after purchasing an additional 1,337 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in BayCom by 31.1% in the fourth quarter. Deutsche Bank AG now owns 6,444 shares of the company’s stock worth $173,000 after purchasing an additional 1,529 shares in the last quarter. 66.16% of the stock is currently owned by hedge funds and other institutional investors.

BayCom Stock Up 1.8%

BCML stock opened at $26.73 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.04 and a quick ratio of 1.04. BayCom Corp has a 52-week low of $18.54 and a 52-week high of $30.13. The company has a 50-day moving average of $26.11 and a two-hundred day moving average of $26.82. The stock has a market capitalization of $294.22 million, a price-to-earnings ratio of 12.73 and a beta of 0.52.

BayCom (NASDAQ:BCML) last released its earnings results on Thursday, April 17th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). BayCom had a net margin of 17.10% and a return on equity of 7.45%. The company had revenue of $32.65 million during the quarter, compared to the consensus estimate of $24.07 million. As a group, equities research analysts anticipate that BayCom Corp will post 2.48 EPS 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 given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.99%. The ex-dividend date is Thursday, June 12th. This is a positive change from BayCom’s previous quarterly dividend of $0.15. BayCom’s dividend payout ratio is 38.10%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BCML shares. Hovde Group cut shares of BayCom from an “outperform” rating to a “market perform” rating and set a $31.00 price objective for the company. in a report on Wednesday, February 12th. Wall Street Zen upgraded shares of BayCom from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd.

About BayCom

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.