Los Angeles Capital Management LLC Sells 3,600 Shares of BayCom Corp (NASDAQ:BCML)

Los Angeles Capital Management LLC reduced its stake in BayCom Corp (NASDAQ:BCML) by 18.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,327 shares of the company’s stock after selling 3,600 shares during the period. Los Angeles Capital Management LLC owned approximately 0.15% of BayCom worth $438,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. SG Americas Securities LLC bought a new position in BayCom during the fourth quarter valued at approximately $120,000. Assenagon Asset Management S.A. purchased a new stake in shares of BayCom during the 4th quarter worth approximately $422,000. JPMorgan Chase & Co. boosted 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 acquiring an additional 12,617 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of BayCom by 4.4% in the third quarter. Captrust Financial Advisors now owns 23,361 shares of the company’s stock valued at $554,000 after purchasing an additional 978 shares in the last quarter. Finally, Martingale Asset Management L P increased its position in BayCom by 20.1% in the third quarter. Martingale Asset Management L P now owns 23,341 shares of the company’s stock worth $554,000 after purchasing an additional 3,900 shares during the last quarter. Hedge funds and other institutional investors own 66.16% of the company’s stock.

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 for the company. in a research report on Wednesday, February 12th.

Insider Transactions at BayCom

In related news, CEO George J. Guarini sold 27,000 shares of the company’s stock in a transaction dated 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 represents a 36.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 7.20% of the company’s stock.

BayCom Trading Down 2.8 %

BCML opened at $26.74 on Tuesday. The stock has a 50-day moving average of $27.25 and a 200 day moving average of $25.88. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. BayCom Corp has a 12 month low of $18.54 and a 12 month high of $30.13. The firm has a market cap of $297.38 million, a P/E ratio of 12.73 and a beta of 0.81.

BayCom (NASDAQ:BCML) last announced its earnings results on Thursday, January 23rd. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. BayCom had a return on equity of 7.45% and a net margin of 17.10%. As a group, research analysts forecast that BayCom Corp will post 2.48 EPS for the current year.

BayCom Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders 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 is Thursday, March 13th. BayCom’s dividend payout ratio is currently 28.57%.

BayCom 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.