George J. Guarini Sells 27,000 Shares of BayCom Corp (NASDAQ:BCML) Stock

BayCom Corp (NASDAQ:BCML) CEO George J. Guarini sold 27,000 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $27.50, for a total value of $742,500.00. Following the transaction, the chief executive officer now directly owns 46,759 shares of the company’s stock, valued at $1,285,872.50. This trade represents a 36.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

BayCom Stock Down 0.9 %

Shares of NASDAQ:BCML opened at $26.50 on Wednesday. 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 Corp has a 52-week low of $18.54 and a 52-week high of $30.13. The company has a market capitalization of $294.71 million, a PE ratio of 12.62 and a beta of 0.81. The company has a fifty day moving average of $27.25 and a 200-day moving average of $25.92.

BayCom (NASDAQ:BCML) last posted its earnings results on Thursday, January 23rd. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. BayCom had a return on equity of 7.45% and a net margin of 17.10%. On average, equities analysts predict that BayCom Corp will post 2.48 EPS for the current fiscal year.

BayCom Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Thursday, March 13th. BayCom’s payout ratio is 28.57%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On BayCom

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royce & Associates LP grew its stake in shares of BayCom by 11.5% in the third quarter. Royce & Associates LP now owns 543,211 shares of the company’s stock worth $12,885,000 after purchasing an additional 56,066 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in BayCom during the 4th quarter worth about $422,000. Empowered Funds LLC grew its position in shares of BayCom by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 32,795 shares of the company’s stock valued at $778,000 after buying an additional 1,608 shares during the last quarter. Barclays PLC increased its stake in shares of BayCom by 61.3% in the third quarter. Barclays PLC now owns 27,486 shares of the company’s stock valued at $651,000 after buying an additional 10,442 shares during the period. Finally, State Street Corp raised its position in shares of BayCom by 0.5% during the third quarter. State Street Corp now owns 163,965 shares of the company’s stock worth $3,906,000 after acquiring an additional 880 shares during the last quarter. 66.16% of the stock is currently owned by institutional investors and hedge funds.

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.