Wedbush Securities Inc. Sells 5,738 Shares of BayCom (BCML)

Wedbush Securities Inc. lowered its position in BayCom (OTCMKTS:BCML) by 12.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 40,586 shares of the bank’s stock after selling 5,738 shares during the quarter. Wedbush Securities Inc.’s holdings in BayCom were worth $1,083,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BCML. EJF Capital LLC purchased a new position in BayCom during the 2nd quarter valued at about $18,619,000. BlackRock Inc. grew its holdings in BayCom by 1.4% during the 3rd quarter. BlackRock Inc. now owns 516,897 shares of the bank’s stock valued at $13,790,000 after buying an additional 7,150 shares in the last quarter. Thomson Horstmann & Bryant Inc. grew its holdings in BayCom by 8.0% during the 3rd quarter. Thomson Horstmann & Bryant Inc. now owns 243,064 shares of the bank’s stock valued at $6,484,000 after buying an additional 17,996 shares in the last quarter. Patriot Financial Partners GP LP purchased a new position in BayCom during the 2nd quarter valued at about $5,582,000. Finally, Elizabeth Park Capital Advisors Ltd. purchased a new position in BayCom during the 2nd quarter valued at about $4,987,000. 3.16% of the stock is owned by institutional investors.

Separately, Zacks Investment Research downgraded BayCom from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 16th.

Shares of BCML opened at $23.25 on Thursday. BayCom has a 12-month low of $19.25 and a 12-month high of $26.94.

BayCom (OTCMKTS:BCML) last issued its quarterly earnings results on Wednesday, October 24th. The bank reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.11). The firm had revenue of $14.65 million during the quarter, compared to analysts’ expectations of $14.77 million.

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BayCom Company 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: What are no-load funds?

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Institutional Ownership by Quarter for BayCom (OTCMKTS:BCML)

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