BayCom Corp (NASDAQ:BCML) Short Interest Down 5.7% in July

BayCom Corp (NASDAQ:BCML) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 94,200 shares, a decrease of 5.7% from the June 30th total of 99,900 shares. Based on an average daily trading volume, of 14,500 shares, the short-interest ratio is currently 6.5 days. Currently, 1.0% of the shares of the company are short sold.

NASDAQ:BCML opened at $22.25 on Friday. BayCom has a 12-month low of $17.19 and a 12-month high of $26.93. The firm has a market capitalization of $262.74 million, a PE ratio of 13.48, a price-to-earnings-growth ratio of 0.98 and a beta of 0.37. The firm has a 50-day moving average price of $22.49 and a 200 day moving average price of $22.57.

BayCom (NASDAQ:BCML) last posted its quarterly earnings results on Friday, July 26th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.06). The company had revenue of $18.56 million for the quarter, compared to analysts’ expectations of $19.48 million. Equities research analysts expect that BayCom will post 2.23 earnings per share for the current fiscal year.



A number of large investors have recently bought and sold shares of BCML. BNP Paribas Arbitrage SA raised its position in BayCom by 513.3% in the first quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the company’s stock worth $49,000 after purchasing an additional 1,812 shares in the last quarter. Bank of Montreal Can grew its stake in BayCom by 66.4% during the second quarter. Bank of Montreal Can now owns 2,319 shares of the company’s stock worth $51,000 after buying an additional 925 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its stake in BayCom by 356.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,771 shares of the company’s stock worth $87,000 after buying an additional 2,945 shares during the last quarter. Spark Investment Management LLC bought a new stake in BayCom during the first quarter worth about $201,000. Finally, Panagora Asset Management Inc. grew its stake in BayCom by 20.9% during the second quarter. Panagora Asset Management Inc. now owns 14,408 shares of the company’s stock worth $316,000 after buying an additional 2,487 shares during the last quarter. 64.04% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on BCML. ValuEngine raised shares of BayCom from a “sell” rating to a “hold” rating in a research report on Wednesday, July 31st. Zacks Investment Research raised shares of BayCom from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $26.17.

BayCom Company 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 multi-family 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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