BayCom (BCML) Rating Lowered to Strong Sell at Zacks Investment Research
Zacks Investment Research cut shares of BayCom (OTCMKTS:BCML) from a hold rating to a strong sell rating in a research report released on Monday morning.
According to Zacks, “BayCom Corp provides commercial banking products and services to businesses and individuals. The company offers deposit products, loans, online banking, cash management and banking services. BayCom Corp, formerly known as Bay Commercial Bank, is based in Walnut Creek, California. “
Shares of BayCom stock opened at $24.50 on Monday. BayCom has a 1 year low of $16.90 and a 1 year high of $24.00.
In related news, Director Harpreet S. Chaudhary acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 7th. The stock was purchased at an average cost of $23.02 per share, for a total transaction of $230,200.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
An institutional investor recently bought a new position in BayCom stock. Foundry Partners LLC bought a new position in BayCom (OTCMKTS:BCML) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 61,826 shares of the bank’s stock, valued at approximately $1,390,000. Foundry Partners LLC owned 0.82% of BayCom as of its most recent filing with the Securities and Exchange Commission. 3.16% of the stock is owned by institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.