Royce & Associates LP acquired a new position in shares of BayCom (OTCMKTS:BCML) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 18,182 shares of the bank’s stock, valued at approximately $450,000. Royce & Associates LP owned approximately 0.18% of BayCom as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Rhumbline Advisers bought a new position in BayCom in the second quarter valued at $224,000. Harbor Advisors LLC bought a new position in shares of BayCom during the second quarter valued at about $450,000. Schwab Charles Investment Management Inc. bought a new position in shares of BayCom during the second quarter valued at about $476,000. Penn Capital Management Co. Inc. bought a new position in shares of BayCom during the second quarter valued at about $514,000. Finally, Bank of New York Mellon Corp bought a new position in shares of BayCom during the second quarter valued at about $639,000. 3.16% of the stock is owned by hedge funds and other institutional investors.

BCML has been the topic of several recent analyst reports. Zacks Investment Research raised BayCom from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Friday, July 27th. TheStreet raised BayCom from a “c” rating to a “b+” rating in a research note on Wednesday, June 27th.

BCML traded down $0.21 on Friday, hitting $26.08. The company had a trading volume of 25,280 shares, compared to its average volume of 43,679. BayCom has a 52-week low of $17.10 and a 52-week high of $26.94.

BayCom (OTCMKTS:BCML) last issued its quarterly earnings data on Monday, July 23rd. The bank reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.04. The company had revenue of $14.68 million during the quarter, compared to analysts’ expectations of $14.50 million. sell-side analysts predict that BayCom will post 1.92 EPS for the current fiscal year.

BayCom 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.

Further Reading: Hedge Funds Explained

Institutional Ownership by Quarter for BayCom (OTCMKTS:BCML)

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