Investment giant Victory Capital Management has cut its holdings in BayCom Corp by more than one-fifth, according to a filing with the SEC. The company’s latest 13F filing showed that it decreased its stake in the California-based financial holding firm by 20.4%, selling 29,115 shares during Q4 2020 and leaving it with 113,649 shares. Victory Capital’s most recent filing valued those stocks at $2,157,000.
This move comes after BayCom released its earnings report for Q1 on April 20th. The report revealed that the company had earnings per share of $0.55 for the quarter – missing the consensus estimate of $0.59 by ($0.04). Revenue hit $27.71 million compared to analyst estimates of $27.90 million, while BayCom boasted a net margin of 22.75% and a return on equity of 8.70%. Analysts now predict that BayCom Corp will post EPS of 2.18 for this fiscal year.
For more information about changes in hedge fund behaviour towards BCML since this development, consult HoldingsChannel.com for the latest insider trades and filings.
While individual investors may be tempted to take this change as an indication that they should do likewise, it is important to note that hedge funds’ holdings are subjective and often reflect their broader investment strategies at play rather than solely reflecting company-specific performance or outlooks.
As always with investments, it pays to conduct appropriate due diligence before making any decisions based on reports such as these – particularly when investing money which you cannot afford to lose or have put aside for short-term goals or emergencies.
However shareholders choose to proceed from here with respect to BayCom Corp., keen adherence to basic principles of asset allocation – coupled with careful selection criteria when it comes to picking individual funds or stocks – are key elements in ensuring a diversified portfolio with sound chances of long-term returns.
BayCom Corp: Analyzing Recent Investor Activity and Financial Outlook
BayCom Corp: A Comprehensive Analysis of Recent Investor Activity
Since the beginning of Q1 this year, BayCom Corp (NASDAQ: BCML) has seen a significant increase in investor interest. Several large investors have both bought and sold shares, demonstrating a growing confidence in the company’s potential. These investors include Allspring Global Investments Holdings LLC, Bank of America Corp DE, UBS Group AG, SG Americas Securities LLC, and American International Group Inc. Hedge funds and other institutional investors currently own 57.75% of the company’s stock.
At present, BayCom Corp has a market capitalization of $200.14 million with its shares trading at $16.14 on Tuesday; the fifty-two week high is $23.53 while the low stands at $15.02. The price-to-earnings ratio is 7.72 with a beta rating of 0.69, indicating that BCML is less volatile than the overall market and provides moderate returns relative to this same market.
Looking at BayCom Corp’s balance sheet metrics reveal significant positive factors that may contribute to investor optimism concerning its future outlook: the debt-to-equity ratio of 0.23 indicates that BCML appears financially stable with available financial leverage to expand operations further if necessary; it also exhibits current liquidity as reflected by quick ratios of 1:06 and current ratio 1:06.
Recent disclosures from BayCom indicate quarterly dividend payments to its investors this Friday July 14th; ownership must be held by investors as regular shares one day prior to record date June 16th in order to receive payment which amounts to $0.10 per share ($0.40 annualized), providing an dividends yield rate return on investment for potential shareholders or those already interested.
In conclusion, Baycom Operations appear allied towards passive investment activities which serves an oversight strategy within their bank subsidiary structure although new clientele acquisition is also occurring – as seen from the recent investor influxes who bought and sold shares. Given the current economic crisis, it remains imperative for owners and investors alike to conduct due diligence before making any investment decisions.
For further information visit HoldingsChannel.com to check out 13F filings and insider trades tracking BayCom Corp (NASDAQ:BCML) performance: high-level analysis most suited for seasoned investors.