The Manufacturers Life Insurance Company Buys Shares of 265,773 BayCom Corp $BKGMF

The Manufacturers Life Insurance Company purchased a new position in BayCom Corp (OTCMKTS:BKGMF) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 265,773 shares of the company’s stock, valued at approximately $8,744,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Deutsche Bank AG bought a new position in BayCom in the 2nd quarter valued at about $333,000. IMC Chicago LLC acquired a new stake in shares of BayCom in the 2nd quarter worth approximately $418,000. Algert Global LLC bought a new position in shares of BayCom in the second quarter valued at approximately $868,000. Bank of New York Mellon Corp acquired a new position in shares of BayCom during the second quarter valued at approximately $1,222,000. Finally, BlackRock Inc. acquired a new position in shares of BayCom during the second quarter valued at approximately $30,491,000.

BayCom Stock Performance

BKGMF opened at $10,000.00 on Friday. The business has a 50 day moving average price of $10,000.00 and a two-hundred day moving average price of $9,206.82. BayCom Corp has a 1-year low of $10.57 and a 1-year high of $13.20.

BayCom Profile

BayCom Corp., through its wholly owned subsidiary Bay Commercial Bank, is a California-based bank holding company focused on delivering commercial banking services to businesses and professionals throughout the San Francisco Bay Area. Headquartered in San Mateo, the company specializes in relationship-driven financial solutions tailored to the needs of small and mid-sized enterprises.

The bank’s core offerings include business deposit accounts such as checking, savings and money market accounts, along with certificates of deposit.