Caldwell Sutter Capital Inc. Has $2.08 Million Position in BayCom Corp (NASDAQ:BCML)

Caldwell Sutter Capital Inc. decreased its stake in shares of BayCom Corp (NASDAQ:BCML) by 1.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,619 shares of the company’s stock after selling 1,228 shares during the period. BayCom accounts for approximately 1.0% of Caldwell Sutter Capital Inc.’s holdings, making the stock its 20th biggest holding. Caldwell Sutter Capital Inc. owned about 0.74% of BayCom worth $2,080,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Empowered Funds LLC lifted its holdings in BayCom by 4.9% in the fourth quarter. Empowered Funds LLC now owns 34,399 shares of the company’s stock valued at $923,000 after buying an additional 1,604 shares during the period. PNC Financial Services Group Inc. raised its position in shares of BayCom by 46.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,347 shares of the company’s stock valued at $36,000 after acquiring an additional 428 shares during the last quarter. Royce & Associates LP lifted its stake in shares of BayCom by 11.1% in the 4th quarter. Royce & Associates LP now owns 603,286 shares of the company’s stock valued at $16,192,000 after purchasing an additional 60,075 shares during the period. American Century Companies Inc. lifted its stake in shares of BayCom by 6.8% in the 4th quarter. American Century Companies Inc. now owns 64,051 shares of the company’s stock valued at $1,719,000 after purchasing an additional 4,068 shares during the period. Finally, Prudential Financial Inc. boosted its position in shares of BayCom by 12.7% in the 4th quarter. Prudential Financial Inc. now owns 37,335 shares of the company’s stock worth $1,002,000 after purchasing an additional 4,200 shares during the last quarter. Institutional investors own 66.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded BayCom from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd.

BayCom Stock Down 2.5%

BayCom stock opened at $26.32 on Friday. The firm has a market capitalization of $289.70 million, a price-to-earnings ratio of 12.53 and a beta of 0.52. The company’s 50 day simple moving average is $26.37 and its 200 day simple moving average is $26.77. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.04 and a quick ratio of 1.04. BayCom Corp has a fifty-two week low of $18.54 and a fifty-two week high of $30.13.

BayCom (NASDAQ:BCML) last announced its quarterly earnings results on Thursday, April 17th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). BayCom had a return on equity of 7.45% and a net margin of 17.10%. The firm had revenue of $32.65 million for the quarter, compared to the consensus estimate of $24.07 million. As a group, sell-side analysts anticipate that BayCom Corp will post 2.48 EPS for the current year.

BayCom Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, June 12th. This is a positive change from BayCom’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a yield of 3.04%. BayCom’s payout ratio is currently 38.10%.

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.