Royce & Associates LP Purchases 56,066 Shares of BayCom Corp (NASDAQ:BCML)

Royce & Associates LP boosted its position in shares of BayCom Corp (NASDAQ:BCML) by 11.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 543,211 shares of the company’s stock after purchasing an additional 56,066 shares during the period. Royce & Associates LP’s holdings in BayCom were worth $12,885,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Panagora Asset Management Inc. acquired a new stake in BayCom in the 2nd quarter valued at about $211,000. BNP Paribas Financial Markets increased its holdings in shares of BayCom by 38.5% during the first quarter. BNP Paribas Financial Markets now owns 22,170 shares of the company’s stock worth $457,000 after purchasing an additional 6,158 shares during the period. Quadrature Capital Ltd bought a new position in shares of BayCom during the first quarter worth approximately $465,000. Bank of New York Mellon Corp increased its holdings in shares of BayCom by 3.1% during the second quarter. Bank of New York Mellon Corp now owns 45,509 shares of the company’s stock worth $926,000 after purchasing an additional 1,380 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of BayCom by 3.2% during the second quarter. Renaissance Technologies LLC now owns 80,500 shares of the company’s stock worth $1,638,000 after purchasing an additional 2,500 shares during the period. Institutional investors own 66.16% of the company’s stock.

BayCom Stock Performance

NASDAQ BCML opened at $27.30 on Friday. The firm’s fifty day moving average price is $24.34 and its two-hundred day moving average price is $22.23. The stock has a market cap of $303.58 million, a PE ratio of 13.00 and a beta of 0.76. BayCom Corp has a fifty-two week low of $18.54 and a fifty-two week high of $28.62. 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 earnings results on Thursday, October 17th. The company reported $0.54 earnings per share 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 analysts’ expectations of $23.70 million. On average, equities analysts expect that BayCom Corp will post 2.06 EPS for the current fiscal year.

BayCom Dividend Announcement

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

Analysts Set New Price Targets

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

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.