BayCom Corp (NASDAQ:BCML – Get Rating) director Robert G. Laverne sold 8,650 shares of the stock in a transaction that took place on Thursday, August 25th. The shares sold at an average price of $19.37 for a total value of $167,550.50. Upon completion of the sale, the Director now directly owns 95,081 shares of the Company, valued at approximately $1,841,718.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed at this hyperlink.
BayCom price development
Shares of NASDAQ:BCML fell $0.20 on Friday midday to hit $19.22. 576 shares of the stock were exchanged compared to an average volume of 53,527. The stock has a market cap of $256.39 million, a P/E of 10.17 and a beta of 0.69. BayCom Corp has a 12-month low of $17.11 and a 12-month high of $23.53. The company has a 50-day moving average price of $20.08 and a 200-day moving average price of $21.48. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22.
BayCom announces dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 16 will receive a dividend of $0.05. The ex-dividend date is Thursday September 15th. That equates to an annualized dividend of $0.20 and a dividend yield of 1.04%. BayCom’s payout ratio is currently 10.47%.
Analyst upgrades and downgrades
Several analysts recently rated the stock. Hovde Group raised its target price on BayCom shares to $28.00 in a research note on Thursday, May 26. DA Davidson lowered its target price on BayCom shares to $24.00 in a report on Monday, July 25.
Institutional investors rely on BayCom
Institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. increased its stake in BayCom shares by 30.1% in the fourth quarter. Victory Capital Management Inc. now owns 169,247 shares of the company’s stock valued at $3,175,000 after purchasing an additional 39,110 shares last quarter. Acadian Asset Management LLC increased its position in BayCom by 4.6% in the fourth quarter. Acadian Asset Management LLC now owns 57,665 shares of the company’s stock valued at $1,079,000 after purchasing an additional 2,523 shares last quarter. Petiole USA ltd acquired a new position in BayCom valued at approximately $1,485,000 during the fourth quarter. Greenwich Investment Management Inc. acquired a new stake in BayCom for approximately $1,369,000 during the fourth quarter. Finally, Assenagon Asset Management SA increased its stake in BayCom shares by 85.9% in the first quarter. Assenagon Asset Management SA now owns 39,982 shares of the company, valued at $870,000, after purchasing a further 18,471 shares during the period. Hedge funds and other institutional investors own 47.13% of the company’s shares.
BayCom company profile
BayCom Corp acts as the bank holding company for United Business Bank, which provides various financial services to small and medium-sized businesses, service professionals and individuals. The company offers sight, savings, money market and time deposit accounts. It also offers commercial and multi-family home loans, including owner-occupier and investor home loans; commercial and industrial loans, such as B. equipment credits and working capital lines of credit; small business management loans; construction and real estate loans; agriculture related loans; and consumer credit, which includes installment loans, unsecured and secured personal lines of credit, and bank overdrafts.
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