The Manufacturers Life Insurance Company Invests $8.74 Million in BayCom Corp $BKGMF

The Manufacturers Life Insurance Company acquired a new stake in shares of BayCom Corp (OTCMKTS:BKGMF) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 265,773 shares of the company’s stock, valued at approximately $8,744,000.

A number of other large investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new position in BayCom in the second quarter valued at approximately $1,222,000. IMC Chicago LLC acquired a new position in BayCom during the 2nd quarter valued at approximately $418,000. Deutsche Bank AG acquired a new position in BayCom during the 2nd quarter valued at approximately $333,000. BlackRock Inc. bought a new position in BayCom during the 2nd quarter worth $30,491,000. Finally, Algert Global LLC acquired a new stake in BayCom in the second quarter worth $868,000.

BayCom Price Performance

Shares of BKGMF opened at $10,000.00 on Friday. BayCom Corp has a 1 year low of $10.57 and a 1 year high of $13.20. The firm has a fifty day moving average of $10,000.00 and a 200-day moving average of $9,206.82.

BayCom Profile

BayCom Corp., through its wholly owned subsidiary Bay Commercial Bank, is a California-based bank holding company focused on delivering commercial banking services to businesses and professionals throughout the San Francisco Bay Area. Headquartered in San Mateo, the company specializes in relationship-driven financial solutions tailored to the needs of small and mid-sized enterprises.

The bank’s core offerings include business deposit accounts such as checking, savings and money market accounts, along with certificates of deposit.