Short Interest in BayCom Corp (NASDAQ:BCML) Drops By 20.0%

BayCom Corp (NASDAQ:BCML) saw a large decline in short interest in March. As of March 31st, there was short interest totalling 75,800 shares, a decline of 20.0% from the March 15th total of 94,700 shares. Based on an average daily trading volume, of 22,700 shares, the short-interest ratio is presently 3.3 days.

BayCom Price Performance

BayCom stock traded down $0.15 during midday trading on Monday, hitting $19.77. The company’s stock had a trading volume of 25,687 shares, compared to its average volume of 22,654. BayCom has a 12 month low of $15.02 and a 12 month high of $24.31. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $226.74 million, a PE ratio of 8.79 and a beta of 0.76. The stock’s 50-day moving average price is $20.02 and its 200-day moving average price is $20.78.

BayCom (NASDAQ:BCML) last posted its quarterly earnings results on Thursday, January 25th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.02). The company had revenue of $26.20 million during the quarter, compared to the consensus estimate of $25.90 million. BayCom had a net margin of 20.33% and a return on equity of 8.80%. Analysts anticipate that BayCom will post 2.26 earnings per share for the current fiscal year.

BayCom Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Saturday, March 16th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend was Thursday, March 14th. BayCom’s dividend payout ratio is 17.78%.

Institutional Trading of BayCom

Several institutional investors and hedge funds have recently bought and sold shares of BCML. JPMorgan Chase & Co. increased its position in shares of BayCom by 375.5% in the first quarter. JPMorgan Chase & Co. now owns 18,416 shares of the company’s stock worth $401,000 after acquiring an additional 14,543 shares in the last quarter. Citigroup Inc. purchased a new position in BayCom during the 1st quarter worth approximately $328,000. Dimensional Fund Advisors LP raised its stake in BayCom by 6.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 269,165 shares of the company’s stock valued at $5,860,000 after purchasing an additional 16,370 shares during the period. Vanguard Group Inc. lifted its holdings in shares of BayCom by 46.8% in the first quarter. Vanguard Group Inc. now owns 645,488 shares of the company’s stock valued at $14,052,000 after purchasing an additional 205,700 shares in the last quarter. Finally, Baird Financial Group Inc. acquired a new stake in shares of BayCom in the first quarter worth $261,000. Institutional investors and hedge funds own 66.16% of the company’s stock.

BayCom Company 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.