Bank of Marin Bancorp (BMRC) Stake Raised by Renaissance Technologies LLC

Renaissance Technologies LLC raised its position in Bank of Marin Bancorp (NASDAQ:BMRC) by 9.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 116,520 shares of the company’s stock after buying an additional 10,120 shares during the period. Renaissance Technologies LLC’s holdings in Bank of Marin Bancorp were worth $8,127,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Acrospire Investment Management LLC increased its position in Bank of Marin Bancorp by 22.9% in the third quarter. Acrospire Investment Management LLC now owns 2,255 shares of the company’s stock worth $112,000 after buying an additional 420 shares in the last quarter. Bank of Montreal Can increased its position in Bank of Marin Bancorp by 33.8% in the third quarter. Bank of Montreal Can now owns 2,353 shares of the company’s stock worth $117,000 after buying an additional 595 shares in the last quarter. Private Ocean LLC increased its position in Bank of Marin Bancorp by 0.3% in the third quarter. Private Ocean LLC now owns 3,638 shares of the company’s stock worth $181,000 after buying an additional 11 shares in the last quarter. Main Street Research LLC acquired a new position in Bank of Marin Bancorp during the fourth quarter worth approximately $260,000. Finally, Bessemer Group Inc. increased its position in Bank of Marin Bancorp by 91.3% in the fourth quarter. Bessemer Group Inc. now owns 4,400 shares of the company’s stock worth $307,000 after buying an additional 2,100 shares in the last quarter. Institutional investors own 40.15% of the company’s stock.

Institutional Ownership by Quarter for Bank of Marin Bancorp (NASDAQ:BMRC)

Bank of Marin Bancorp (NASDAQ:BMRC) opened at 64.35 on Monday. The stock’s 50 day moving average is $68.28 and its 200-day moving average is $61.90. The firm has a market capitalization of $391.70 million, a P/E ratio of 17.02 and a beta of 0.81. Bank of Marin Bancorp has a 1-year low of $47.16 and a 1-year high of $75.05.

Bank of Marin Bancorp (NASDAQ:BMRC) last released its earnings results on Monday, January 23rd. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.10. Bank of Marin Bancorp had a net margin of 27.35% and a return on equity of 10.21%. Analysts forecast that Bank of Marin Bancorp will post $3.38 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This story was first posted by Mideast Time and is owned by of Mideast Time. If you are accessing this story on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The correct version of this story can be accessed at https://www.mideasttime.com/bank-of-marin-bancorp-bmrc-stake-raised-by-renaissance-technologies-llc/1588874.html.

A number of equities analysts have recently commented on the stock. FIG Partners increased their price objective on shares of Bank of Marin Bancorp from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 24th. Piper Jaffray Companies assumed coverage on shares of Bank of Marin Bancorp in a research note on Wednesday, January 18th. They set a “neutral” rating and a $70.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research note on Monday, December 26th.

Bank of Marin Bancorp Company Profile

Bank of Marin Bancorp (Bancorp) is the holding company for Bank of Marin (the Bank). The Company’s customer base is made up of business and personal banking relationships from the communities near the branch office locations. Its business banking focus is on small to medium-sized businesses, professionals and not-for-profit organizations.

5 Day Chart for NASDAQ:BMRC

Want to see what other hedge funds are holding BMRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of Marin Bancorp (NASDAQ:BMRC).

Receive News & Ratings for Bank of Marin Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Marin Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.