Blair William & Co. IL Purchases New Position in Bank of Marin Bancorp (NASDAQ:BMRC)

Blair William & Co. IL acquired a new position in shares of Bank of Marin Bancorp (NASDAQ:BMRC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,230 shares of the bank’s stock, valued at approximately $219,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BMRC. Geode Capital Management LLC increased its position in Bank of Marin Bancorp by 1.8% during the third quarter. Geode Capital Management LLC now owns 362,376 shares of the bank’s stock worth $7,282,000 after buying an additional 6,555 shares during the period. Proficio Capital Partners LLC purchased a new stake in Bank of Marin Bancorp in the 4th quarter valued at $1,374,000. JPMorgan Chase & Co. boosted its stake in Bank of Marin Bancorp by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,662 shares of the bank’s stock worth $315,000 after purchasing an additional 2,469 shares during the period. Prudential Financial Inc. grew its position in Bank of Marin Bancorp by 92.7% during the 4th quarter. Prudential Financial Inc. now owns 96,757 shares of the bank’s stock worth $2,300,000 after purchasing an additional 46,536 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Bank of Marin Bancorp by 6.9% in the fourth quarter. Rhumbline Advisers now owns 25,183 shares of the bank’s stock valued at $599,000 after purchasing an additional 1,621 shares during the period. Institutional investors and hedge funds own 52.26% of the company’s stock.

Bank of Marin Bancorp Stock Up 0.5 %

Shares of Bank of Marin Bancorp stock opened at $20.03 on Friday. The firm has a market cap of $322.82 million, a price-to-earnings ratio of -38.52 and a beta of 0.84. Bank of Marin Bancorp has a 52-week low of $14.11 and a 52-week high of $27.11. The company’s 50-day simple moving average is $23.66 and its 200-day simple moving average is $23.39.

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, topping 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 posted $0.04 earnings per share. Equities research analysts anticipate that Bank of Marin Bancorp will post 1.61 EPS for the current year.

Bank of Marin Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Thursday, February 6th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date was Thursday, February 6th. Bank of Marin Bancorp’s dividend payout ratio (DPR) is currently -192.31%.

Analyst Ratings Changes

BMRC has been the topic of a number of research reports. StockNews.com raised Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Stephens reiterated an “overweight” rating and issued a $30.00 target price 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.