15,711 Shares in BayCom Corp (NASDAQ:BCML) Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new position in shares of BayCom Corp (NASDAQ:BCML) during the 4th quarter, Holdings Channel.com reports. The fund acquired 15,711 shares of the company’s stock, valued at approximately $422,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of BayCom by 129.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,330 shares of the company’s stock worth $530,000 after purchasing an additional 12,617 shares in the last quarter. Captrust Financial Advisors boosted its holdings in BayCom by 4.4% in the third quarter. Captrust Financial Advisors now owns 23,361 shares of the company’s stock worth $554,000 after acquiring an additional 978 shares in the last quarter. Martingale Asset Management L P grew its stake in shares of BayCom by 20.1% in the third quarter. Martingale Asset Management L P now owns 23,341 shares of the company’s stock worth $554,000 after acquiring an additional 3,900 shares during the last quarter. Barclays PLC increased its holdings in shares of BayCom by 61.3% during the third quarter. Barclays PLC now owns 27,486 shares of the company’s stock valued at $651,000 after acquiring an additional 10,442 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of BayCom by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 32,795 shares of the company’s stock worth $778,000 after purchasing an additional 1,608 shares during the last quarter. Hedge funds and other institutional investors own 66.16% of the company’s stock.

BayCom Stock Performance

BCML stock opened at $27.43 on Friday. The stock’s 50 day simple moving average is $27.47 and its 200 day simple moving average is $24.89. 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 Corp has a 12-month low of $18.54 and a 12-month high of $30.13. The stock has a market capitalization of $305.05 million, a PE ratio of 13.06 and a beta of 0.80.

BayCom (NASDAQ:BCML) last released its quarterly earnings data on Thursday, January 23rd. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. BayCom had a return on equity of 7.56% and a net margin of 17.22%. As a group, research analysts forecast that BayCom Corp will post 2.06 earnings per share for the current fiscal year.

BayCom Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 12th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.19%. This is a boost from BayCom’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, December 12th. BayCom’s payout ratio is presently 28.57%.

Analyst Upgrades and Downgrades

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

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.