Empowered Funds LLC Has $566,000 Stock Position in Bank of Marin Bancorp (NASDAQ:BMRC)

Empowered Funds LLC grew its stake in Bank of Marin Bancorp (NASDAQ:BMRC) by 5.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,794 shares of the bank’s stock after buying an additional 1,150 shares during the quarter. Empowered Funds LLC owned 0.15% of Bank of Marin Bancorp worth $566,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in Bank of Marin Bancorp in the 3rd quarter valued at approximately $74,000. SG Americas Securities LLC acquired a new stake in shares of Bank of Marin Bancorp in the third quarter valued at approximately $122,000. Ballentine Partners LLC acquired a new stake in shares of Bank of Marin Bancorp in the fourth quarter valued at approximately $214,000. JPMorgan Chase & Co. lifted its position in shares of Bank of Marin Bancorp by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 15,662 shares of the bank’s stock worth $315,000 after purchasing an additional 2,469 shares in the last quarter. Finally, Creative Planning acquired a new position in Bank of Marin Bancorp during the third quarter worth $361,000. Institutional investors own 52.26% of the company’s stock.

Bank of Marin Bancorp Price Performance

Shares of BMRC stock opened at $25.19 on Wednesday. The company has a fifty day moving average price of $24.12 and a two-hundred day moving average price of $22.63. Bank of Marin Bancorp has a one year low of $14.11 and a one year high of $27.11. The stock has a market cap of $405.06 million, a P/E ratio of -48.44 and a beta of 0.94.

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

Bank of Marin Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Thursday, February 6th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 3.97%. Bank of Marin Bancorp’s dividend payout ratio is currently -192.30%.

Analysts Set New Price Targets

Several brokerages have issued reports on BMRC. StockNews.com upgraded shares of Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Stephens reaffirmed an “overweight” rating and issued a $30.00 target price on shares of Bank of Marin Bancorp in a research report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods increased their price target 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.