Dimensional Fund Advisors LP Increases Stock Position in BayCom Corp (NASDAQ:BCML)

Dimensional Fund Advisors LP boosted its stake in BayCom Corp (NASDAQ:BCML) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,461 shares of the company’s stock after purchasing an additional 1,056 shares during the quarter. Dimensional Fund Advisors LP’s holdings in BayCom were worth $3,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in BayCom by 163.3% in the fourth quarter. JPMorgan Chase & Co. now owns 35,315 shares of the company’s stock valued at $536,000 after purchasing an additional 21,902 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of BayCom by 33.6% during the fourth quarter. Squarepoint Ops LLC now owns 14,556 shares of the company’s stock worth $221,000 after acquiring an additional 3,658 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of BayCom by 13.4% during the fourth quarter. Nuveen Asset Management LLC now owns 64,484 shares of the company’s stock worth $978,000 after acquiring an additional 7,609 shares in the last quarter. New York Life Investments Alternatives purchased a new position in shares of BayCom during the fourth quarter worth approximately $2,596,000. Finally, Walthausen & Co. LLC raised its stake in shares of BayCom by 34.6% during the fourth quarter. Walthausen & Co. LLC now owns 112,800 shares of the company’s stock worth $1,711,000 after acquiring an additional 28,970 shares in the last quarter. 60.40% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research raised shares of BayCom from a “sell” rating to a “hold” rating in a research note on Thursday, April 29th.

NASDAQ:BCML opened at $18.69 on Friday. BayCom Corp has a twelve month low of $9.67 and a twelve month high of $19.00. The company has a market capitalization of $203.87 million, a PE ratio of 14.16 and a beta of 1.07. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.30. The firm has a fifty day moving average of $18.18.

BayCom (NASDAQ:BCML) last posted its quarterly earnings results on Wednesday, April 21st. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.04). The company had revenue of $20.32 million during the quarter, compared to analysts’ expectations of $20.80 million. BayCom had a return on equity of 6.09% and a net margin of 16.53%. Analysts predict that BayCom Corp will post 1.74 earnings per share for the current fiscal year.

BayCom Profile

BayCom Corp operates as the bank holding company for United Business Bank that provides various financial services to businesses, business owners, and individuals. The company offers demand, savings, money market, and time deposit accounts. It also provides 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.

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Institutional Ownership by Quarter for BayCom (NASDAQ:BCML)

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