Northern Trust Corp Buys 3,808 Shares of BayCom Corp (NASDAQ:BCML)

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Northern Trust Corp raised its stake in BayCom Corp (NASDAQ:BCML) by 4.1% in the second quarter, Holdings Channel reports. The firm owned 96,137 shares of the company’s stock after acquiring an additional 3,808 shares during the quarter. Northern Trust Corp’s holdings in BayCom were worth $2,105,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its position in shares of BayCom by 3.4% in the second quarter. Russell Investments Group Ltd. now owns 21,284 shares of the company’s stock valued at $466,000 after buying an additional 692 shares during the last quarter. Bank of Montreal Can lifted its position in shares of BayCom by 66.4% in the second quarter. Bank of Montreal Can now owns 2,319 shares of the company’s stock valued at $51,000 after buying an additional 925 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of BayCom by 1.4% in the second quarter. Acadian Asset Management LLC now owns 68,318 shares of the company’s stock valued at $1,497,000 after buying an additional 954 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of BayCom by 4.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 24,057 shares of the company’s stock valued at $527,000 after buying an additional 1,113 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its position in shares of BayCom by 20.9% in the second quarter. Panagora Asset Management Inc. now owns 14,408 shares of the company’s stock valued at $316,000 after buying an additional 2,487 shares during the last quarter. Hedge funds and other institutional investors own 58.28% of the company’s stock.

A number of analysts have recently issued reports on the company. Zacks Investment Research raised BayCom from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th. ValuEngine raised BayCom from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, B. Riley set a $28.00 price objective on BayCom and gave the company a “buy” rating in a research report on Friday, September 6th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $26.17.

NASDAQ:BCML opened at $22.35 on Tuesday. The stock has a market cap of $262.74 million, a P/E ratio of 13.55 and a beta of 0.37. The stock has a 50 day simple moving average of $22.27 and a 200 day simple moving average of $22.53. BayCom Corp has a 1-year low of $17.19 and a 1-year high of $26.62.

BayCom (NASDAQ:BCML) last released its quarterly earnings results on Friday, July 26th. The company reported $0.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.06). The company had revenue of $18.56 million during the quarter, compared to analyst estimates of $19.48 million. As a group, equities research analysts predict that BayCom Corp will post 2.01 earnings per share for the current fiscal year.

About BayCom

BayCom Corp operates as the bank holding company for United Business Bank that provides various financial services to businesses, business owners, and individuals. The company offers demand, savings, money market, and time deposit accounts. It also provides commercial and multi-family 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.

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Want to see what other hedge funds are holding BCML? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BayCom Corp (NASDAQ:BCML).

Institutional Ownership by Quarter for BayCom (NASDAQ:BCML)

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