BayCom Corp (NASDAQ:BCML) CEO George J. Guarini Sells 27,000 Shares

BayCom Corp (NASDAQ:BCML) CEO George J. Guarini sold 27,000 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $27.50, for a total value of $742,500.00. Following the sale, the chief executive officer now owns 46,759 shares of the company’s stock, valued at $1,285,872.50. This trade represents a 36.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

BayCom Trading Down 2.8 %

NASDAQ:BCML opened at $26.74 on Tuesday. The firm has a 50 day moving average of $27.25 and a 200 day moving average of $25.88. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.22. BayCom Corp has a 52 week low of $18.54 and a 52 week high of $30.13. The stock has a market capitalization of $297.38 million, a price-to-earnings ratio of 12.73 and a beta of 0.81.

BayCom (NASDAQ:BCML) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.55 EPS 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%. As a group, sell-side analysts anticipate that BayCom Corp will post 2.48 earnings per share for the current fiscal year.

BayCom Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.24%. The ex-dividend date is Thursday, March 13th. BayCom’s dividend payout ratio is presently 28.57%.

Wall Street Analyst Weigh In

Separately, Hovde Group lowered shares of BayCom from an “outperform” rating to a “market perform” rating and set a $31.00 price target for the company. in a research report on Wednesday, February 12th.

Hedge Funds Weigh In On BayCom

Several hedge funds have recently modified their holdings of BCML. Royce & Associates LP boosted its stake in BayCom by 11.5% in the 3rd quarter. Royce & Associates LP now owns 543,211 shares of the company’s stock worth $12,885,000 after purchasing an additional 56,066 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of BayCom during the fourth quarter worth $422,000. Empowered Funds LLC grew its holdings in shares of BayCom by 5.2% during the third quarter. Empowered Funds LLC now owns 32,795 shares of the company’s stock valued at $778,000 after buying an additional 1,608 shares during the last quarter. Barclays PLC increased its position in shares of BayCom by 61.3% in the 3rd quarter. Barclays PLC now owns 27,486 shares of the company’s stock valued at $651,000 after acquiring an additional 10,442 shares during the period. Finally, State Street Corp increased its position in shares of BayCom by 0.5% in the 3rd quarter. State Street Corp now owns 163,965 shares of the company’s stock valued at $3,906,000 after acquiring an additional 880 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.