SCHEDULE 13G: Royce & Associates LP Discloses 5.42% Passive Stake in BayCom Corp

Royce & Associates LP has filed a Schedule 13G, reporting a passive beneficial ownership of 5.42% of BayCom Corp's Common Stock as of December 31, 2024.

Summary

• Royce & Associates LP, an investment adviser, has filed a Schedule 13G with the SEC.
• The filing indicates that Royce & Associates LP beneficially owns 603,286 shares of BayCom Corp's Common Stock.
• This ownership represents 5.42% of the total class of securities.
• The shares are held with sole voting power and sole dispositive power by Royce & Associates LP.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of BayCom Corp.
• Royce & Associates LP is an indirect majority-owned subsidiary of Franklin Resources, Inc. (FRI) and exercises independent investment discretion and voting authority.
• Royce & Associates LP disclaims any pecuniary interest in the reported securities and disclaims being a 'group' with FRI affiliates or its principal shareholders.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or outlook.

Risks

• Royce & Associates LP disclaims any pecuniary interest in the securities reported.
• Royce & Associates LP disclaims that it is the beneficial owner, as defined in Rule 13d-3, of any such securities.
• Royce & Associates LP believes it is not a 'group' with FRI affiliates, the Principal Shareholders, or their respective affiliates within the meaning of Rule 13d-5 under the Act.

Future Outlook

NA

Industry Context

This Schedule 13G filing is a standard disclosure for institutional investors like Royce & Associates LP when their beneficial ownership in a public company's stock exceeds 5% and is held for passive investment purposes. It provides transparency regarding significant ownership stakes, which can be of interest to other investors and market participants.

Related Party Transactions

• Royce & Associates, LP (RALP) is an indirect majority-owned subsidiary of Franklin Resources, Inc. (FRI).
• RALP exercises voting and investment powers independently from FRI and other FRI affiliates.
• Informational barriers exist between RALP and FRI affiliates to prevent the flow of information related to voting and investment powers.
• Charles B. Johnson and Rupert H. Johnson, Jr. (Principal Shareholders) may own over 10% of FRI's common stock and are its principal stockholders.
• Beneficial ownership reported by RALP is not attributed to the Principal Shareholders due to RALP's independent exercise of powers.
• RALP disclaims being a 'group' with FRI affiliates or the Principal Shareholders under Rule 13d-5.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake in BayCom Corp, indicating a passive investment interest.
• Investment Professionals: Offers insight into the ownership structure of BayCom Corp and the investment activities of Royce & Associates LP.

Key Dates

Keywords

Schedule 13G, Beneficial Ownership, Royce & Associates LP, BayCom Corp, Common Stock, Investment Adviser, SEC Filing, Passive Investment, Franklin Resources Inc.