Bank of Marin Bancorp (NASDAQ:BMRC) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in Bank of Marin Bancorp (NASDAQ:BMRC) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 826,177 shares of the bank’s stock after acquiring an additional 9,770 shares during the period. Vanguard Group Inc. owned 0.05% of Bank of Marin Bancorp worth $19,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. raised its holdings in shares of Bank of Marin Bancorp by 2.1% in the fourth quarter. American Century Companies Inc. now owns 141,903 shares of the bank’s stock valued at $3,373,000 after buying an additional 2,945 shares during the last quarter. Wulff Hansen & CO. acquired a new position in Bank of Marin Bancorp in the 4th quarter valued at about $200,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Bank of Marin Bancorp in the 4th quarter valued at about $386,000. Raymond James Financial Inc. acquired a new stake in Bank of Marin Bancorp during the 4th quarter worth approximately $200,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Bank of Marin Bancorp in the 4th quarter valued at approximately $1,374,000. Hedge funds and other institutional investors own 52.26% of the company’s stock.

Bank of Marin Bancorp Price Performance

Bank of Marin Bancorp stock opened at $20.33 on Thursday. The stock’s 50 day moving average price is $22.69 and its 200 day moving average price is $23.35. Bank of Marin Bancorp has a 1-year low of $14.11 and a 1-year high of $27.11. The company has a market cap of $327.66 million, a PE ratio of -39.10 and a beta of 0.84.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its earnings results on Monday, January 27th. The bank reported $0.38 EPS for the quarter, topping 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 last year, the company posted $0.04 EPS. On average, 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 business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Thursday, February 6th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 4.92%. Bank of Marin Bancorp’s payout ratio is currently -192.31%.

Wall Street Analyst Weigh In

Several research firms have recently commented on BMRC. StockNews.com upgraded Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Stephens restated an “overweight” rating and set a $30.00 price objective on shares of Bank of Marin Bancorp in a research report 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.