BayCom Corp (NASDAQ:BCML) Shares Sold by Trexquant Investment LP

Trexquant Investment LP decreased its position in BayCom Corp (NASDAQ:BCML) by 48.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,459 shares of the company’s stock after selling 9,749 shares during the period. Trexquant Investment LP owned 0.09% of BayCom worth $281,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Alliancebernstein L.P. raised its position in BayCom by 0.3% in the fourth quarter. Alliancebernstein L.P. now owns 434,799 shares of the company’s stock valued at $11,670,000 after purchasing an additional 1,500 shares during the period. Wellington Management Group LLP raised its holdings in BayCom by 41.6% in the 4th quarter. Wellington Management Group LLP now owns 930,498 shares of the company’s stock valued at $24,975,000 after buying an additional 273,135 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in BayCom by 15.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 30,655 shares of the company’s stock valued at $823,000 after buying an additional 4,148 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in BayCom by 99.1% during the fourth quarter. JPMorgan Chase & Co. now owns 44,455 shares of the company’s stock worth $1,193,000 after buying an additional 22,125 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of BayCom by 12.7% during the fourth quarter. Prudential Financial Inc. now owns 37,335 shares of the company’s stock valued at $1,002,000 after acquiring an additional 4,200 shares during the last quarter. Institutional investors and hedge funds own 66.16% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Hovde Group cut 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 Stock Up 2.3 %

BayCom stock opened at $25.07 on Monday. The stock’s fifty day moving average is $26.31 and its two-hundred day moving average is $26.42. The stock has a market cap of $279.03 million, a PE ratio of 11.94 and a beta of 0.50. BayCom Corp has a 1-year low of $18.54 and a 1-year high of $30.13. 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 (NASDAQ:BCML) last posted its earnings results on Thursday, January 23rd. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. BayCom had a net margin of 17.10% and a return on equity of 7.45%. On average, sell-side analysts expect that BayCom Corp will post 2.48 EPS for the current fiscal year.

BayCom Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 13th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.60 dividend on an annualized basis and a yield of 2.39%. BayCom’s dividend payout ratio is presently 28.57%.

Insiders Place Their Bets

In other news, CEO George J. Guarini sold 27,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $27.50, for a total transaction of $742,500.00. Following the transaction, the chief executive officer now directly owns 46,759 shares in the company, valued at approximately $1,285,872.50. This trade represents a 36.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 7.20% of the stock is currently owned by corporate insiders.

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.