BayCom Corp (NASDAQ:BCML) CEO Sells $742,500.00 in Stock

BayCom Corp (NASDAQ:BCML) CEO George J. Guarini sold 27,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was 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 of the company’s stock, valued at $1,285,872.50. This represents a 36.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

BayCom Stock Performance

NASDAQ BCML opened at $26.74 on Tuesday. The firm has a market capitalization of $297.38 million, a P/E ratio of 12.73 and a beta of 0.81. The stock has a 50-day simple moving average of $27.25 and a two-hundred day simple moving average of $25.88. 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 fifty-two week low of $18.54 and a fifty-two week high of $30.13.

BayCom (NASDAQ:BCML) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $0.55 earnings per share 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 forecast that BayCom Corp will post 2.48 earnings per share for the current year.

BayCom Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 13th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, March 13th. BayCom’s dividend payout ratio is currently 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 objective on the stock. in a research note on Wednesday, February 12th.

Institutional Trading of BayCom

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in shares of BayCom by 46.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,347 shares of the company’s stock worth $36,000 after acquiring an additional 428 shares during the period. Bridgeway Capital Management LLC increased its stake in shares of BayCom by 0.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 105,412 shares of the company’s stock valued at $2,829,000 after purchasing an additional 704 shares in the last quarter. State Street Corp raised its holdings in BayCom by 0.5% in the 3rd quarter. State Street Corp now owns 163,965 shares of the company’s stock worth $3,906,000 after purchasing an additional 880 shares during the period. Captrust Financial Advisors boosted its position in BayCom by 4.4% during the third quarter. Captrust Financial Advisors now owns 23,361 shares of the company’s stock worth $554,000 after purchasing an additional 978 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in BayCom by 6.2% in the fourth quarter. Nuveen Asset Management LLC now owns 20,812 shares of the company’s stock valued at $559,000 after purchasing an additional 1,206 shares during the period. Institutional investors and hedge funds 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.