BayCom Corp (NASDAQ:BCML) Short Interest Update

BayCom Corp (NASDAQ:BCML) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 38,400 shares, a decrease of 9.6% from the October 15th total of 42,500 shares. Based on an average trading volume of 20,800 shares, the short-interest ratio is presently 1.8 days. Currently, 0.4% of the company’s stock are sold short.

BayCom Stock Performance

Shares of NASDAQ:BCML remained flat at $27.30 during mid-day trading on Monday. The company had a trading volume of 1,934 shares, compared to its average volume of 22,652. The firm’s 50-day moving average price is $24.34 and its 200-day moving average price is $22.24. BayCom has a one year low of $18.54 and a one year high of $28.62. The stock has a market cap of $303.60 million, a PE ratio of 13.01 and a beta of 0.76. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.04.

BayCom (NASDAQ:BCML) last posted its quarterly earnings data on Thursday, October 17th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.07. BayCom had a net margin of 17.22% and a return on equity of 7.56%. The firm had revenue of $25.61 million for the quarter, compared to the consensus estimate of $23.70 million. As a group, analysts expect that BayCom will post 2.06 earnings per share for the current year.

BayCom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 19th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Thursday, September 19th. BayCom’s payout ratio is 19.05%.

Analyst Upgrades and Downgrades

Separately, Hovde Group raised their price target on shares of BayCom from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, October 18th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Panagora Asset Management Inc. bought a new stake in shares of BayCom during the 2nd quarter worth $211,000. BNP Paribas Financial Markets raised its position in BayCom by 38.5% in the first quarter. BNP Paribas Financial Markets now owns 22,170 shares of the company’s stock worth $457,000 after acquiring an additional 6,158 shares during the period. Quadrature Capital Ltd purchased a new position in BayCom in the first quarter valued at about $465,000. Martingale Asset Management L P grew its position in shares of BayCom by 20.1% during the 3rd quarter. Martingale Asset Management L P now owns 23,341 shares of the company’s stock valued at $554,000 after acquiring an additional 3,900 shares during the period. Finally, Captrust Financial Advisors increased its stake in shares of BayCom by 4.4% during the 3rd quarter. Captrust Financial Advisors now owns 23,361 shares of the company’s stock worth $554,000 after purchasing an additional 978 shares during the last quarter. Hedge funds and other institutional investors own 66.16% of the company’s stock.

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.