Martingale Asset Management L P acquired a new stake in shares of BayCom Corp (NASDAQ:BCML) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 18,411 shares of the company’s stock, valued at approximately $426,000. Martingale Asset Management L P owned approximately 0.18% of BayCom as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc raised its holdings in BayCom by 14.9% during the 3rd quarter. Vanguard Group Inc now owns 480,637 shares of the company’s stock valued at $12,824,000 after acquiring an additional 62,271 shares during the period. Bank of Montreal Can increased its holdings in shares of BayCom by 25.4% in the fourth quarter. Bank of Montreal Can now owns 7,940 shares of the company’s stock worth $183,000 after purchasing an additional 1,607 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of BayCom in the fourth quarter worth $390,000. D.A. Davidson & CO. increased its holdings in shares of BayCom by 11.6% in the fourth quarter. D.A. Davidson & CO. now owns 19,148 shares of the company’s stock worth $442,000 after purchasing an additional 1,991 shares during the period. Finally, Rhumbline Advisers increased its holdings in shares of BayCom by 47.0% in the fourth quarter. Rhumbline Advisers now owns 14,209 shares of the company’s stock worth $328,000 after purchasing an additional 4,542 shares during the period. 66.97% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently weighed in on BCML. B. Riley began coverage on shares of BayCom in a report on Friday. They issued a “buy” rating and a $28.00 price target on the stock. Zacks Investment Research cut shares of BayCom from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 12th. Hovde Group began coverage on shares of BayCom in a report on Monday, February 4th. They issued an “outperform” rating and a $24.50 price target on the stock. TheStreet raised shares of BayCom from a “c+” rating to a “b” rating in a report on Monday, January 28th. Finally, ValuEngine raised shares of BayCom from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. BayCom has a consensus rating of “Buy” and an average target price of $26.63.

BayCom stock opened at $22.93 on Friday. The firm has a market capitalization of $235.34 million, a PE ratio of 13.90, a PEG ratio of 1.02 and a beta of 0.36. BayCom Corp has a fifty-two week low of $17.19 and a fifty-two week high of $26.94.

BayCom (NASDAQ:BCML) last released its quarterly earnings results on Tuesday, January 29th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. The firm had revenue of $15.52 million during the quarter, compared to the consensus estimate of $15.90 million. On average, research analysts expect that BayCom Corp will post 2.23 EPS for the current year.

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BayCom Company Profile

BayCom Corp., through its subsidiary, United Business Bank, provides commercial banking products and services to businesses and individuals. The company offers personal and business savings and checking accounts, money market accounts, and certificates of deposit, as well as individual retirement and health savings accounts; business loans, including term loans, equipment financing, commercial real estate loans, construction loans, small business loans, and business and industry loans; and business credit products, such as business lines of credit, asset-based lines of credit, letters of credit, and business credit cards.

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Institutional Ownership by Quarter for BayCom (NASDAQ:BCML)

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