Jane Street Group LLC Has $243,000 Stock Position in BayCom Corp (NASDAQ:BCML)

Jane Street Group LLC lowered its position in shares of BayCom Corp (NASDAQ:BCML) by 13.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,247 shares of the company’s stock after selling 1,525 shares during the quarter. Jane Street Group LLC’s holdings in BayCom were worth $243,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Royce & Associates LP increased its position in BayCom by 11.5% in the 3rd quarter. Royce & Associates LP now owns 543,211 shares of the company’s stock valued at $12,885,000 after acquiring an additional 56,066 shares in the last quarter. Dimensional Fund Advisors LP increased its position in BayCom by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 594,015 shares of the company’s stock valued at $12,088,000 after acquiring an additional 15,798 shares in the last quarter. Martingale Asset Management L P increased its position in BayCom by 20.1% in the 3rd quarter. Martingale Asset Management L P now owns 23,341 shares of the company’s stock valued at $554,000 after acquiring an additional 3,900 shares in the last quarter. Caldwell Sutter Capital Inc. increased its position in BayCom by 3.4% in the 3rd quarter. Caldwell Sutter Capital Inc. now owns 84,047 shares of the company’s stock valued at $1,994,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in BayCom by 3.2% in the 2nd quarter. Renaissance Technologies LLC now owns 80,500 shares of the company’s stock valued at $1,638,000 after acquiring an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 66.16% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Hovde Group raised their price objective on shares of BayCom from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, October 18th.

BayCom Stock Down 3.8 %

Shares of NASDAQ BCML opened at $24.76 on Friday. The firm has a market capitalization of $275.36 million, a PE ratio of 11.79 and a beta of 0.80. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. BayCom Corp has a 1 year low of $18.54 and a 1 year high of $30.13. The firm’s 50-day moving average is $27.51 and its 200-day moving average is $24.43.

BayCom (NASDAQ:BCML) last issued its earnings results on Thursday, October 17th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.07. The company had revenue of $25.61 million for the quarter, compared to analyst estimates of $23.70 million. BayCom had a net margin of 17.22% and a return on equity of 7.56%. Equities analysts expect that BayCom Corp will post 2.06 EPS for the current year.

BayCom Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 12th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Thursday, December 12th. This is a positive change from BayCom’s previous quarterly dividend of $0.10. BayCom’s dividend payout ratio (DPR) is 28.57%.

BayCom 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.