Alliancebernstein L.P. Has $11.67 Million Stake in BayCom Corp (NASDAQ:BCML)

Alliancebernstein L.P. boosted its position in shares of BayCom Corp (NASDAQ:BCML) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 434,799 shares of the company’s stock after buying an additional 1,500 shares during the period. Alliancebernstein L.P.’s holdings in BayCom were worth $11,670,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of BCML. Captrust Financial Advisors grew its stake in BayCom by 4.4% during the third quarter. Captrust Financial Advisors now owns 23,361 shares of the company’s stock worth $554,000 after buying an additional 978 shares in the last quarter. State Street Corp grew its stake in BayCom by 0.5% during the third quarter. State Street Corp now owns 163,965 shares of the company’s stock worth $3,906,000 after buying an additional 880 shares in the last quarter. Barclays PLC lifted its holdings in shares of BayCom by 61.3% in the third quarter. Barclays PLC now owns 27,486 shares of the company’s stock worth $651,000 after acquiring an additional 10,442 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of BayCom by 129.9% in the third quarter. JPMorgan Chase & Co. now owns 22,330 shares of the company’s stock worth $530,000 after acquiring an additional 12,617 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of BayCom in the fourth quarter worth about $422,000. 66.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Activity at BayCom

In related news, CEO George J. Guarini sold 27,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $27.50, for a total value of $742,500.00. Following the completion of the transaction, the chief executive officer now owns 46,759 shares in the company, valued at $1,285,872.50. This trade represents a 36.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.20% of the stock is owned by company insiders.

BayCom Stock Up 6.5 %

BCML stock opened at $25.82 on Thursday. The stock has a market capitalization of $287.38 million, a P/E ratio of 12.30 and a beta of 0.50. 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 firm has a 50-day moving average price of $26.43 and a 200-day moving average price of $26.38.

BayCom (NASDAQ:BCML) last posted its earnings results on Thursday, January 23rd. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. BayCom had a net margin of 17.10% and a return on equity of 7.45%. As a group, equities research analysts anticipate that BayCom Corp will post 2.48 EPS for the current fiscal year.

BayCom Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 13th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.60 dividend on an annualized basis and a yield of 2.32%. BayCom’s dividend payout ratio (DPR) is presently 28.57%.

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.