SG Americas Securities LLC Makes New Investment in BayCom Corp (NASDAQ:BCML)

SG Americas Securities LLC acquired a new stake in shares of BayCom Corp (NASDAQ:BCML) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 4,486 shares of the company’s stock, valued at approximately $120,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Assenagon Asset Management S.A. purchased a new position in BayCom during the fourth quarter valued at $422,000. JPMorgan Chase & Co. lifted its position in shares of BayCom by 129.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,330 shares of the company’s stock valued at $530,000 after buying an additional 12,617 shares in the last quarter. Captrust Financial Advisors grew 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 valued at $554,000 after acquiring an additional 978 shares during the period. Martingale Asset Management L P grew its stake 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, Barclays PLC increased its holdings in BayCom by 61.3% in the 3rd quarter. Barclays PLC now owns 27,486 shares of the company’s stock worth $651,000 after acquiring an additional 10,442 shares in the last quarter. 66.16% of the stock is currently owned by hedge funds and other institutional investors.

BayCom Trading Up 0.3 %

Shares of BCML stock opened at $29.09 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. The stock has a fifty day simple moving average of $27.47 and a two-hundred day simple moving average of $25.37. The firm has a market capitalization of $323.48 million, a PE ratio of 13.85 and a beta of 0.81. BayCom Corp has a 52-week low of $18.54 and a 52-week high of $30.13.

BayCom (NASDAQ:BCML) last released its earnings results on Thursday, January 23rd. The company reported $0.55 earnings per share (EPS) for the quarter, topping 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, analysts predict that BayCom Corp will post 2.48 EPS for the current fiscal year.

BayCom Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 12th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.60 annualized dividend and a dividend yield of 2.06%. This is a boost from BayCom’s previous quarterly dividend of $0.10. BayCom’s dividend payout ratio (DPR) is currently 28.57%.

Wall Street Analysts Forecast Growth

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

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.