Victory Capital Management Inc. decreased its stake in shares of BayCom Corp (NASDAQ: BCML – Get an assessment) by 2.9% in Q1, according to its most recent Form 13F filing with the SEC. The fund held 164,367 shares of the company after selling 4,880 shares during the period. Victory Capital Management Inc. owned 1.20% of BayCom worth $3,578,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold stocks. Royce & Associates LP increased its position in BayCom by 7.2% during the fourth quarter. Royce & Associates LP now owns 254,131 shares of the company worth $4,767,000 after purchasing an additional 17,149 shares in the last quarter. Petiole USA ltd acquired a new position in BayCom during the fourth quarter worth approximately $1,485,000. Greenwich Investment Management Inc. acquired a new position in BayCom during the fourth quarter worth approximately $1,369,000. 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 purchasing 2,523 additional shares in the last quarter. Finally, Assenagon Asset Management SA increased its position in BayCom by 85.9% during the first quarter. Assenagon Asset Management SA now owns 39,982 shares of the company worth $870,000 after purchasing an additional 18,471 shares in the last quarter. Institutional investors and hedge funds hold 47.13% of the company’s shares.

Analysts set new price targets

Several research companies have published reports on BCML. DA Davidson reduced his price target on BayCom shares to $24.00 in a research note on Monday, July 25. The Hovde Group raised its price target on BayCom shares to $28.00 in a Thursday May 26 research note.

BayCom price performance

BCML opened at $19.28 on Thursday. The company has a market capitalization of $263.85 million, a P/E ratio of 10.09 and a beta of 0.69. The company has a 50-day moving average of $20.71 and a two-hundred-day moving average of $21.59. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt ratio of 0.22. BayCom Corp has a 52-week low of $16.47 and a 52-week high of $23.53.

BayCom announces dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 15. Shareholders of record on Friday, June 17 received a dividend of $0.05. The ex-dividend date was Thursday, June 16. This represents an annualized dividend of $0.20 and a dividend yield of 1.04%. BayCom’s dividend payout ratio (DPR) is currently 10.47%.

Baycom Company Profile

(Get an assessment)

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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