Mendon Capital Advisors Corp raised its stake in BayCom Corp (NASDAQ:BCML) by 10.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,391 shares of the company’s stock after purchasing an additional 18,824 shares during the period. Mendon Capital Advisors Corp owned about 1.82% of BayCom worth $4,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BCML. Walthausen & Co. LLC acquired a new stake in BayCom in the 1st quarter valued at about $1,302,000. Royce & Associates LP increased its holdings in shares of BayCom by 40.2% in the 1st quarter. Royce & Associates LP now owns 121,982 shares of the company’s stock valued at $2,762,000 after acquiring an additional 35,000 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in shares of BayCom by 11.0% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 100,967 shares of the company’s stock valued at $2,286,000 after acquiring an additional 10,042 shares during the last quarter. Spark Investment Management LLC purchased a new position in shares of BayCom in the 1st quarter valued at about $201,000. Finally, D.A. Davidson & CO. increased its holdings in shares of BayCom by 23.7% in the 2nd quarter. D.A. Davidson & CO. now owns 39,417 shares of the company’s stock valued at $863,000 after acquiring an additional 7,562 shares during the last quarter. 58.28% of the stock is currently owned by institutional investors.

BCML has been the topic of a number of recent analyst reports. ValuEngine upgraded BayCom from a “sell” rating to a “hold” rating in a report on Wednesday, July 31st. B. Riley set a $28.00 price objective on BayCom and gave the company a “buy” rating in a report on Friday, September 6th. Finally, Zacks Investment Research downgraded BayCom from a “hold” rating to a “sell” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.17.

Shares of BCML traded down $0.74 during mid-day trading on Friday, reaching $23.25. The company’s stock had a trading volume of 270 shares, compared to its average volume of 17,741. BayCom Corp has a 12-month low of $17.19 and a 12-month high of $26.75. The stock has a market cap of $263.58 million, a PE ratio of 14.13, a price-to-earnings-growth ratio of 1.08 and a beta of 0.37. The company’s 50 day moving average is $21.96 and its 200 day moving average is $22.51.

BayCom (NASDAQ:BCML) last released its quarterly earnings data on Friday, July 26th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). The firm had revenue of $18.56 million during the quarter, compared to analyst estimates of $19.48 million. Sell-side analysts forecast that BayCom Corp will post 2.02 EPS 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 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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Institutional Ownership by Quarter for BayCom (NASDAQ:BCML)

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