Captrust Financial Advisors Has $554,000 Stock Holdings in BayCom Corp (NASDAQ:BCML)

Captrust Financial Advisors increased its holdings in BayCom Corp (NASDAQ:BCML) by 4.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,361 shares of the company’s stock after acquiring an additional 978 shares during the period. Captrust Financial Advisors’ holdings in BayCom were worth $554,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Martingale Asset Management L P grew its stake in shares of BayCom by 20.1% during the 3rd quarter. Martingale Asset Management L P now owns 23,341 shares of the company’s stock valued at $554,000 after acquiring an additional 3,900 shares during the period. Empowered Funds LLC raised its stake 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 acquiring an additional 1,608 shares in the last quarter. Royce & Associates LP grew its holdings in BayCom by 11.5% during the 3rd quarter. Royce & Associates LP now owns 543,211 shares of the company’s stock worth $12,885,000 after acquiring an additional 56,066 shares in the last quarter. Caldwell Sutter Capital Inc. lifted its stake in shares of BayCom by 3.4% during the 3rd quarter. Caldwell Sutter Capital Inc. now owns 84,047 shares of the company’s stock worth $1,994,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of BayCom by 3.2% in the 2nd quarter. Renaissance Technologies LLC now owns 80,500 shares of the company’s stock valued at $1,638,000 after buying an additional 2,500 shares in the last quarter. 66.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Hovde Group raised their target price on BayCom from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th.

BayCom Price Performance

BCML stock opened at $29.41 on Thursday. The firm has a 50-day moving average of $26.29 and a two-hundred day moving average of $23.28. The firm has a market capitalization of $327.07 million, a PE ratio of 14.00 and a beta of 0.79. BayCom Corp has a one year low of $18.54 and a one year high of $30.13. 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 (NASDAQ:BCML) last released its quarterly earnings results on Thursday, October 17th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.07. BayCom had a net margin of 17.22% and a return on equity of 7.56%. The firm had revenue of $25.61 million for the quarter, compared to analyst estimates of $23.70 million. On average, analysts forecast that BayCom Corp will post 2.06 earnings per share for the current year.

BayCom Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 12th will be given a $0.15 dividend. This is a boost from BayCom’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a yield of 2.04%. The ex-dividend date is Thursday, December 12th. BayCom’s 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.