Walthausen & Co. LLC Takes $1.30 Million Position in BayCom Corp (NASDAQ:BCML)

Walthausen & Co. LLC acquired a new stake in shares of BayCom Corp (NASDAQ:BCML) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 57,520 shares of the company’s stock, valued at approximately $1,302,000. Walthausen & Co. LLC owned approximately 0.53% of BayCom as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its position in shares of BayCom by 513.3% during the first quarter. BNP Paribas Arbitrage SA now owns 2,165 shares of the company’s stock valued at $49,000 after buying an additional 1,812 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in BayCom by 356.5% in 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 in the last quarter. Bank of Montreal Can raised its stake in 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 buying an additional 1,607 shares in the last quarter. Spark Investment Management LLC bought a new position in BayCom in the first quarter worth approximately $201,000. Finally, First Trust Advisors LP bought a new position in BayCom in the fourth quarter worth approximately $264,000. Hedge funds and other institutional investors own 64.31% of the company’s stock.

A number of equities analysts recently commented on BCML shares. B. Riley started coverage on shares of BayCom in a research note on Friday, March 15th. They issued a “buy” rating and a $28.00 price objective for the company. Zacks Investment Research downgraded shares of BayCom from a “buy” rating to a “hold” rating in a research note on Friday, May 10th. Finally, ValuEngine downgraded BayCom from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. BayCom currently has a consensus rating of “Buy” and a consensus price target of $25.50.

Shares of BCML stock traded down $0.27 during trading hours on Wednesday, reaching $21.76. 6,588 shares of the company’s stock were exchanged, compared to its average volume of 17,151. The business’s 50 day moving average price is $22.75. The stock has a market cap of $240.92 million, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 1.02 and a beta of 0.39. BayCom Corp has a fifty-two week low of $17.19 and a fifty-two week high of $26.94.

BayCom (NASDAQ:BCML) last announced its quarterly earnings data on Monday, April 29th. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. The company had revenue of $16.99 million for the quarter, compared to analysts’ expectations of $16.56 million. As a group, equities research analysts predict that BayCom Corp will post 2.17 earnings per share 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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