Barclays PLC Purchases 14,306 Shares of Bank of Marin Bancorp (NASDAQ:BMRC)

Barclays PLC boosted its position in Bank of Marin Bancorp (NASDAQ:BMRC) by 46.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,370 shares of the bank’s stock after purchasing an additional 14,306 shares during the quarter. Barclays PLC owned about 0.28% of Bank of Marin Bancorp worth $911,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BMRC. Basswood Capital Management L.L.C. bought a new stake in Bank of Marin Bancorp in the 3rd quarter valued at $3,411,000. Zacks Investment Management bought a new stake in shares of Bank of Marin Bancorp during the 3rd quarter valued at $2,195,000. Acadian Asset Management LLC lifted its position in shares of Bank of Marin Bancorp by 104.4% during the 2nd quarter. Acadian Asset Management LLC now owns 99,622 shares of the bank’s stock valued at $1,611,000 after acquiring an additional 50,874 shares during the period. AQR Capital Management LLC bought a new stake in shares of Bank of Marin Bancorp during the 2nd quarter valued at $709,000. Finally, Renaissance Technologies LLC lifted its position in shares of Bank of Marin Bancorp by 29.5% during the 2nd quarter. Renaissance Technologies LLC now owns 150,192 shares of the bank’s stock valued at $2,432,000 after acquiring an additional 34,200 shares during the period. 52.26% of the stock is currently owned by institutional investors.

Bank of Marin Bancorp Stock Down 0.3 %

Shares of BMRC stock opened at $23.44 on Tuesday. Bank of Marin Bancorp has a twelve month low of $14.11 and a twelve month high of $27.11. The company has a market cap of $376.99 million, a P/E ratio of -27.26 and a beta of 0.93. The business has a fifty day simple moving average of $24.44 and a 200 day simple moving average of $21.10.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its quarterly earnings data on Monday, October 28th. The bank reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. Bank of Marin Bancorp had a positive return on equity of 3.05% and a negative net margin of 9.49%. The business had revenue of $39.21 million during the quarter, compared to the consensus estimate of $27.30 million. During the same period in the prior year, the company earned $0.33 EPS. As a group, equities research analysts anticipate that Bank of Marin Bancorp will post 0.9 earnings per share for the current fiscal year.

Bank of Marin Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were issued a $0.25 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.27%. Bank of Marin Bancorp’s payout ratio is presently -116.28%.

Analysts Set New Price Targets

BMRC has been the subject of a number of recent analyst reports. StockNews.com upgraded Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, December 10th. DA Davidson upgraded Bank of Marin Bancorp from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Thursday, October 10th. Stephens upgraded Bank of Marin Bancorp from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Finally, Keefe, Bruyette & Woods upped their target price on Bank of Marin Bancorp from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th.

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.