Bank of Montreal Can Raises Position in Bank of Marin Bancorp (BMRC)

Bank of Montreal Can boosted its stake in shares of Bank of Marin Bancorp (NASDAQ:BMRC) by 0.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,357 shares of the bank’s stock after buying an additional 4 shares during the period. Bank of Montreal Can’s holdings in Bank of Marin Bancorp were worth $152,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. John W. Rosenthal Capital Management Inc. purchased a new stake in shares of Bank of Marin Bancorp during the fourth quarter valued at approximately $2,426,000. State Street Corp increased its stake in shares of Bank of Marin Bancorp by 13.7% in the fourth quarter. State Street Corp now owns 112,543 shares of the bank’s stock valued at $7,850,000 after buying an additional 13,526 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Bank of Marin Bancorp by 9.5% in the fourth quarter. Renaissance Technologies LLC now owns 116,520 shares of the bank’s stock valued at $8,127,000 after buying an additional 10,120 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Bank of Marin Bancorp by 17.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 62,553 shares of the bank’s stock valued at $4,363,000 after buying an additional 9,208 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Bank of Marin Bancorp during the fourth quarter valued at approximately $611,000. 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 (BMRC) opened at 61.60 on Thursday. Bank of Marin Bancorp has a 12 month low of $47.16 and a 12 month high of $75.05. The firm has a market cap of $375.27 million, a P/E ratio of 17.16 and a beta of 0.81. The company’s 50-day moving average is $63.09 and its 200 day moving average is $66.57.

Bank of Marin Bancorp (NASDAQ:BMRC) last released its earnings results on Monday, April 24th. The bank reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.06. Bank of Marin Bancorp had a net margin of 27.35% and a return on equity of 10.21%. The business had revenue of $19.74 million during the quarter, compared to the consensus estimate of $20.17 million. Equities research analysts expect that Bank of Marin Bancorp will post $3.22 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 12th. Shareholders of record on Friday, May 5th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Wednesday, May 3rd. Bank of Marin Bancorp’s dividend payout ratio is presently 28.50%.

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BMRC has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, April 27th. Piper Jaffray Companies reduced their target price on shares of Bank of Marin Bancorp from $70.00 to $69.00 and set a “neutral” rating on the stock in a research note on Monday, April 17th. Finally, ValuEngine upgraded shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd.

Bank of Marin Bancorp Company Profile

Bank of Marin Bancorp (Bancorp) is the holding company for Bank of Marin (the Bank). The Company’s business banking focus is on small to medium-sized businesses, professionals and not-for-profit organizations. As of December 31, 2016, the Company operated through 20 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:BMRC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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