BayCom Corp (BCML) Shares Bought by Wedbush Securities Inc.

Wedbush Securities Inc. lifted its holdings in BayCom Corp (NASDAQ:BCML) by 2.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 40,686 shares of the company’s stock after buying an additional 1,000 shares during the quarter. Wedbush Securities Inc. owned approximately 0.37% of BayCom worth $921,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of BCML. BlackRock Inc. increased its holdings in shares of BayCom by 2.2% in the 4th quarter. BlackRock Inc. now owns 528,282 shares of the company’s stock worth $12,198,000 after acquiring an additional 11,385 shares during the period. Vanguard Group Inc increased its holdings in shares of BayCom by 14.9% in the 3rd quarter. Vanguard Group Inc now owns 480,637 shares of the company’s stock worth $12,824,000 after acquiring an additional 62,271 shares during the period. Patriot Financial Partners GP LP increased its holdings in shares of BayCom by 62.2% in the 4th quarter. Patriot Financial Partners GP LP now owns 365,776 shares of the company’s stock worth $8,446,000 after acquiring an additional 140,242 shares during the period. Thomson Horstmann & Bryant Inc. increased its holdings in shares of BayCom by 12.9% in the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 274,535 shares of the company’s stock worth $6,339,000 after acquiring an additional 31,471 shares during the period. Finally, FMR LLC increased its holdings in shares of BayCom by 15.3% in the 4th quarter. FMR LLC now owns 147,182 shares of the company’s stock worth $3,398,000 after acquiring an additional 19,500 shares during the period. Institutional investors own 63.71% of the company’s stock.

NASDAQ:BCML opened at $22.26 on Friday. BayCom Corp has a twelve month low of $17.19 and a twelve month high of $26.94. The stock has a market cap of $242.46 million, a PE ratio of 13.49, a price-to-earnings-growth ratio of 1.03 and a beta of 0.35.

BayCom (NASDAQ:BCML) last posted its quarterly earnings data on Tuesday, January 29th. The company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.03. The business had revenue of $15.52 million for the quarter, compared to the consensus estimate of $15.90 million. On average, sell-side analysts expect that BayCom Corp will post 2.17 earnings per share for the current year.

A number of research firms recently weighed in on BCML. Zacks Investment Research raised shares of BayCom from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, April 2nd. ValuEngine raised shares of BayCom from a “sell” rating to a “hold” rating in a research note on Saturday, March 30th. B. Riley initiated coverage on shares of BayCom in a research note on Friday, March 15th. They set a “buy” rating and a $28.00 target price on the stock. Hovde Group initiated coverage on shares of BayCom in a research note on Monday, February 4th. They set an “outperform” rating and a $24.50 target price on the stock. Finally, TheStreet raised shares of BayCom from a “c+” rating to a “b” rating in a research note on Monday, January 28th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. BayCom currently has a consensus rating of “Buy” and a consensus target price of $26.38.

TRADEMARK VIOLATION NOTICE: This report was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this report can be viewed at https://sportsperspectives.com/2019/04/20/baycom-corp-bcml-shares-bought-by-wedbush-securities-inc.html.

BayCom Company 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.

Featured Story: Dollar Cost Averaging

Institutional Ownership by Quarter for BayCom (NASDAQ:BCML)

Receive News & Ratings for BayCom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BayCom and related companies with MarketBeat.com's FREE daily email newsletter.