Insider Selling: BayCom Corp (NASDAQ:BCML) Director Sells 8,650 Shares
BayCom Corp (NASDAQ: BCML – Get a rating) Director Robert G. Laverne sold 8,650 shares in a trade that took place on Thursday, August 25. The shares were sold at an average price of $19.37, for a total value of $167,550.50. Following the completion of the sale, the director now directly owns 95,081 shares of the company, valued at approximately $1,841,718.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink.
BayCom price performance
Shares of NASDAQ:BCML traded down $0.20 in Friday’s midday session, hitting $19.22. 576 shares were traded, against an average volume of 53,527. The stock has a market capitalization of $256.39 million, a P/E ratio of 10.17 and a beta of 0.69. BayCom Corp has a 12-month low of $17.11 and a 12-month high of $23.53. The company has a 50-day moving average price of $20.08 and a 200-day moving average price of $21.48. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt ratio of 0.22.
BayCom announces dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14. Shareholders of record on Friday, September 16 will receive a dividend of $0.05. The ex-dividend date is Thursday, September 15. This represents an annualized dividend of $0.20 and a dividend yield of 1.04%. BayCom’s dividend payout ratio is currently 10.47%.
Analyst upgrades and downgrades
Several analysts have recently weighed in on the stock. The Hovde Group raised its price target on BayCom shares to $28.00 in a Thursday, May 26 research note. DA Davidson cut its price target on BayCom stock to $24.00 in a Monday, July 25 report.
Institutional investors weigh in on BayCom
Institutional investors and hedge funds have recently been buying and selling stocks. Victory Capital Management Inc. increased its holdings of BayCom stock by 30.1% during the fourth quarter. Victory Capital Management Inc. now owns 169,247 shares of the company valued at $3,175,000 after acquiring 39,110 additional shares in the last quarter. Acadian Asset Management LLC increased its position in BayCom by 4.6% during the fourth quarter. Acadian Asset Management LLC now owns 57,665 shares of the company worth $1,079,000 after acquiring 2,523 additional shares last quarter. Petiole USA ltd bought a new position in BayCom in the 4th quarter for a value of approximately $1,485,000. Greenwich Investment Management Inc. acquired a new stake in BayCom in the fourth quarter valued at approximately $1,369,000. Finally, Assenagon Asset Management SA increased its stake in BayCom shares by 85.9% during the first quarter. Assenagon Asset Management SA now owns 39,982 shares of the company valued at $870,000 after purchasing an additional 18,471 shares during the period. Hedge funds and other institutional investors hold 47.13% of the company’s shares.
BayCom Company Profile
BayCom Corp operates as a bank holding company for United Business Bank which provides various financial services to small and medium businesses, service professionals and individuals. The company offers current, savings, money market and term accounts. It also offers commercial and multi-family real estate loans, including home loans for homeowners and investors; 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 including installment loans, secured and unsecured personal lines of credit and overdraft protection.
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