Bank of Marin Bancorp (NASDAQ:BMRC) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC grew its stake in Bank of Marin Bancorp (NASDAQ:BMRC) by 21.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,254 shares of the bank’s stock after buying an additional 2,131 shares during the period. Hsbc Holdings PLC owned 0.08% of Bank of Marin Bancorp worth $199,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. CWM LLC boosted its stake in Bank of Marin Bancorp by 129.2% in the second quarter. CWM LLC now owns 1,944 shares of the bank’s stock valued at $31,000 after acquiring an additional 1,096 shares in the last quarter. Riverview Trust Co boosted its stake in Bank of Marin Bancorp by 105.5% during the 2nd quarter. Riverview Trust Co now owns 1,950 shares of the bank’s stock worth $32,000 after purchasing an additional 1,001 shares during the period. PNC Financial Services Group Inc. grew its position in Bank of Marin Bancorp by 348.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,358 shares of the bank’s stock worth $52,000 after purchasing an additional 1,832 shares during the last quarter. Bridge City Capital LLC increased its stake in Bank of Marin Bancorp by 17.9% in the first quarter. Bridge City Capital LLC now owns 11,497 shares of the bank’s stock valued at $193,000 after purchasing an additional 1,747 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in shares of Bank of Marin Bancorp in the first quarter valued at about $202,000. 52.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Stephens restated an “equal weight” rating and issued a $16.00 price target on shares of Bank of Marin Bancorp in a research report on Thursday, June 27th. Keefe, Bruyette & Woods lifted their target price on Bank of Marin Bancorp from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st.

Bank of Marin Bancorp Stock Up 2.4 %

Shares of NASDAQ:BMRC opened at $20.15 on Friday. Bank of Marin Bancorp has a fifty-two week low of $14.11 and a fifty-two week high of $23.24. The firm’s 50-day simple moving average is $19.85 and its 200-day simple moving average is $17.51. The company has a market cap of $328.16 million, a price-to-earnings ratio of 24.28 and a beta of 0.92.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its quarterly earnings data on Monday, July 29th. The bank reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.13). The business had revenue of $37.12 million during the quarter, compared to analysts’ expectations of $25.85 million. Bank of Marin Bancorp had a negative net margin of 9.09% and a positive return on equity of 3.25%. During the same period in the prior year, the firm posted $0.28 EPS. On average, research analysts forecast that Bank of Marin Bancorp will post 0.47 EPS for the current year.

Bank of Marin Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 8th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.96%. The ex-dividend date was Thursday, August 8th. Bank of Marin Bancorp’s payout ratio is 120.48%.

About Bank of Marin Bancorp

Bank of Marin Bancorp operates as the holding company for Bank of Marin that provides a range of financial services primarily to small to medium-sized businesses, not-for-profit organizations, and commercial real estate investors in the United States. The company offers personal and business checking and savings accounts; and individual retirement, health savings, and demand deposit marketplace accounts, as well as time certificates of deposit, certificate of deposit account registry, and insured cash sweep services.