Bank of Marin Bancorp (NASDAQ:BMRC) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers increased its stake in Bank of Marin Bancorp (NASDAQ:BMRC) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,183 shares of the bank’s stock after acquiring an additional 1,621 shares during the period. Rhumbline Advisers owned approximately 0.16% of Bank of Marin Bancorp worth $599,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC boosted its position in shares of Bank of Marin Bancorp by 7.1% during the 4th quarter. SG Americas Securities LLC now owns 6,509 shares of the bank’s stock valued at $155,000 after purchasing an additional 430 shares in the last quarter. Empowered Funds LLC lifted its stake in Bank of Marin Bancorp by 5.0% during the third quarter. Empowered Funds LLC now owns 22,644 shares of the bank’s stock valued at $455,000 after purchasing an additional 1,072 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Bank of Marin Bancorp by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 15,662 shares of the bank’s stock valued at $315,000 after purchasing an additional 2,469 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Bank of Marin Bancorp by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 121,986 shares of the bank’s stock worth $2,451,000 after buying an additional 2,842 shares in the last quarter. Finally, State Street Corp grew its position in Bank of Marin Bancorp by 0.9% in the third quarter. State Street Corp now owns 363,110 shares of the bank’s stock worth $7,295,000 after buying an additional 3,073 shares during the last quarter. Institutional investors and hedge funds own 52.26% of the company’s stock.

Bank of Marin Bancorp Stock Down 0.5 %

Shares of NASDAQ:BMRC opened at $23.29 on Friday. The company’s fifty day moving average is $24.16 and its two-hundred day moving average is $23.15. The company has a market cap of $374.57 million, a P/E ratio of -44.79 and a beta of 0.91. Bank of Marin Bancorp has a 12-month low of $14.11 and a 12-month high of $27.11.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its quarterly earnings results on Monday, January 27th. The bank reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. Bank of Marin Bancorp had a positive return on equity of 3.33% and a negative net margin of 5.52%. During the same quarter in the prior year, the business earned $0.04 EPS. Equities research analysts anticipate that Bank of Marin Bancorp will post 1.61 earnings per share for the current year.

Bank of Marin Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Thursday, February 6th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date was Thursday, February 6th. Bank of Marin Bancorp’s dividend payout ratio (DPR) is -192.31%.

Analyst Ratings Changes

Several research firms have recently weighed in on BMRC. Keefe, Bruyette & Woods raised their price objective on Bank of Marin Bancorp from $26.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. StockNews.com upgraded Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Stephens reissued an “overweight” rating and issued a $30.00 price target on shares of Bank of Marin Bancorp in a research note on Wednesday, January 29th.

Bank of Marin Bancorp Company Profile

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.