Bank of Marin Bancorp $BMRC Shares Acquired by Bank of Marin

Bank of Marin increased its position in Bank of Marin Bancorp (NASDAQ:BMRC) by 364.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,046 shares of the bank’s stock after acquiring an additional 81,656 shares during the period. Bank of Marin Bancorp makes up about 1.9% of Bank of Marin’s investment portfolio, making the stock its 13th biggest position. Bank of Marin owned approximately 0.65% of Bank of Marin Bancorp worth $2,706,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of BMRC. AQR Capital Management LLC grew its holdings in shares of Bank of Marin Bancorp by 43.4% in the 1st quarter. AQR Capital Management LLC now owns 39,735 shares of the bank’s stock worth $877,000 after acquiring an additional 12,019 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Bank of Marin Bancorp by 4,337.9% in the 1st quarter. Jones Financial Companies Lllp now owns 8,432 shares of the bank’s stock worth $186,000 after acquiring an additional 8,242 shares during the period. Empowered Funds LLC grew its holdings in shares of Bank of Marin Bancorp by 8.3% in the 1st quarter. Empowered Funds LLC now owns 25,775 shares of the bank’s stock worth $569,000 after acquiring an additional 1,981 shares during the period. Jane Street Group LLC acquired a new stake in shares of Bank of Marin Bancorp in the 1st quarter worth approximately $441,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Bank of Marin Bancorp in the 2nd quarter worth approximately $70,000. Institutional investors and hedge funds own 52.26% of the company’s stock.

Analyst Ratings Changes

BMRC has been the topic of a number of analyst reports. Weiss Ratings cut Bank of Marin Bancorp from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Keefe, Bruyette & Woods lowered their target price on Bank of Marin Bancorp from $30.00 to $29.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Wall Street Zen upgraded Bank of Marin Bancorp from a “strong sell” rating to a “hold” rating in a report on Saturday, May 16th. DA Davidson lowered their target price on Bank of Marin Bancorp from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Finally, Stephens reiterated an “equal weight” rating and set a $26.00 target price on shares of Bank of Marin Bancorp in a report on Tuesday, May 5th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $28.40.

Bank of Marin Bancorp Trading Up 0.5%

Shares of Bank of Marin Bancorp stock opened at $25.93 on Wednesday. Bank of Marin Bancorp has a fifty-two week low of $21.21 and a fifty-two week high of $28.48. The firm has a market cap of $419.81 million, a PE ratio of -12.84 and a beta of 0.82. The business’s fifty day moving average is $26.00 and its two-hundred day moving average is $26.17. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.11.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its quarterly earnings results on Monday, April 27th. The bank reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.03). Bank of Marin Bancorp had a positive return on equity of 7.20% and a negative net margin of 18.58%.The business had revenue of $34.14 million for the quarter, compared to analysts’ expectations of $33.87 million. Analysts anticipate that Bank of Marin Bancorp will post 2.21 earnings per share for the current year.

Bank of Marin Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Thursday, May 7th. Bank of Marin Bancorp’s dividend payout ratio is currently -49.50%.

About Bank of Marin Bancorp

Bank of Marin Bancorp is the bank holding company for Bank of Marin, a community-oriented financial institution headquartered in Novato, California. Through its subsidiary, the company provides a broad range of banking services to individuals, small and medium-sized businesses, and nonprofit organizations. Its operating philosophy emphasizes personalized service and strong local relationships across the San Francisco North Bay region.

The company’s core product offerings include deposit accounts such as checking, savings, money market and time certificates of deposit.