Trexquant Investment LP Purchases 11,258 Shares of Bank of Marin Bancorp (NASDAQ:BMRC)

Trexquant Investment LP raised its position in shares of Bank of Marin Bancorp (NASDAQ:BMRC) by 96.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,955 shares of the bank’s stock after purchasing an additional 11,258 shares during the period. Trexquant Investment LP owned approximately 0.14% of Bank of Marin Bancorp worth $546,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Alliancebernstein L.P. raised its holdings in shares of Bank of Marin Bancorp by 6.3% during the 4th quarter. Alliancebernstein L.P. now owns 655,514 shares of the bank’s stock worth $15,582,000 after buying an additional 38,934 shares in the last quarter. Blair William & Co. IL acquired a new position in Bank of Marin Bancorp during the fourth quarter worth about $219,000. JPMorgan Chase & Co. lifted its holdings in shares of Bank of Marin Bancorp by 185.3% in the fourth quarter. JPMorgan Chase & Co. now owns 44,686 shares of the bank’s stock worth $1,062,000 after acquiring an additional 29,024 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Bank of Marin Bancorp by 92.7% in the 4th quarter. Prudential Financial Inc. now owns 96,757 shares of the bank’s stock valued at $2,300,000 after purchasing an additional 46,536 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Bank of Marin Bancorp by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 826,177 shares of the bank’s stock valued at $19,638,000 after purchasing an additional 9,770 shares during the last quarter. 52.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on BMRC shares. Stephens reissued an “overweight” rating and issued a $30.00 price objective on shares of Bank of Marin Bancorp in a research note on Wednesday, January 29th. StockNews.com upgraded Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, January 31st.

Bank of Marin Bancorp Price Performance

Shares of NASDAQ BMRC opened at $19.85 on Friday. The company has a 50 day simple moving average of $23.01 and a 200 day simple moving average of $23.37. Bank of Marin Bancorp has a 1 year low of $14.11 and a 1 year high of $27.11. The firm has a market cap of $319.92 million, a PE ratio of -38.17 and a beta of 0.84.

Bank of Marin Bancorp (NASDAQ:BMRC) last released its quarterly 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 quarter in the prior year, the company earned $0.04 earnings per share. As a group, research analysts anticipate that Bank of Marin Bancorp will post 1.61 earnings per share for the current fiscal year.

Bank of Marin Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Thursday, February 6th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.04%. The ex-dividend date was Thursday, February 6th. Bank of Marin Bancorp’s payout ratio is presently -192.31%.

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.