BayCom Corp (NASDAQ:BCML) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG grew its stake in shares of BayCom Corp (NASDAQ:BCML) by 31.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,444 shares of the company’s stock after purchasing an additional 1,529 shares during the quarter. Deutsche Bank AG’s holdings in BayCom were worth $173,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP increased its holdings in shares of BayCom by 41.6% during the fourth quarter. Wellington Management Group LLP now owns 930,498 shares of the company’s stock valued at $24,975,000 after acquiring an additional 273,135 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of BayCom by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 615,795 shares of the company’s stock valued at $16,528,000 after acquiring an additional 13,269 shares in the last quarter. Royce & Associates LP increased its holdings in shares of BayCom by 11.1% during the fourth quarter. Royce & Associates LP now owns 603,286 shares of the company’s stock valued at $16,192,000 after acquiring an additional 60,075 shares in the last quarter. Alliancebernstein L.P. boosted its position in BayCom by 0.3% in the fourth quarter. Alliancebernstein L.P. now owns 434,799 shares of the company’s stock valued at $11,670,000 after buying an additional 1,500 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its position in BayCom by 0.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 105,412 shares of the company’s stock valued at $2,829,000 after buying an additional 704 shares during the last quarter. Institutional investors and hedge funds own 66.16% of the company’s stock.

BayCom Price Performance

Shares of NASDAQ BCML opened at $26.20 on Tuesday. The business’s 50 day moving average price is $26.04 and its 200 day moving average price is $26.84. The firm has a market cap of $288.38 million, a P/E ratio of 12.48 and a beta of 0.54. BayCom Corp has a 52 week low of $18.54 and a 52 week high of $30.13. 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 (NASDAQ:BCML) last issued its earnings results on Thursday, April 17th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The firm had revenue of $32.65 million during the quarter, compared to analysts’ expectations of $24.07 million. BayCom had a net margin of 17.10% and a return on equity of 7.45%. On average, sell-side analysts expect that BayCom Corp will post 2.48 earnings per share for the current year.

BayCom Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.05%. The ex-dividend date is Thursday, June 12th. This is a positive change from BayCom’s previous quarterly dividend of $0.15. BayCom’s dividend payout ratio is currently 38.10%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Hovde Group lowered BayCom from an “outperform” rating to a “market perform” rating and set a $31.00 target price on the stock. in a research report on Wednesday, February 12th. Wall Street Zen upgraded BayCom from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd.

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.