Bridgeway Capital Management Inc. Invests $1.09 Million in BayCom (BCML)
Bridgeway Capital Management Inc. purchased a new stake in shares of BayCom (OTCMKTS:BCML) during the 3rd quarter, Holdings Channel reports. The fund purchased 41,000 shares of the bank’s stock, valued at approximately $1,094,000.
Other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can grew its holdings in shares of BayCom by 8,575.3% during the 3rd quarter. Bank of Montreal Can now owns 6,333 shares of the bank’s stock valued at $170,000 after purchasing an additional 6,260 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in BayCom during the 3rd quarter worth approximately $184,000. Rhumbline Advisers acquired a new stake in BayCom during the 2nd quarter worth approximately $224,000. JBF Capital Inc. acquired a new stake in BayCom during the 2nd quarter worth approximately $248,000. Finally, D.A. Davidson & CO. acquired a new stake in BayCom during the 3rd quarter worth approximately $458,000. 3.16% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research downgraded shares of BayCom from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 16th.
BayCom (OTCMKTS:BCML) last posted its earnings results on Wednesday, October 24th. The bank reported $0.31 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.11). The company had revenue of $14.65 million for the quarter, compared to analyst estimates of $14.77 million.
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.
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