Bank of Marin Bancorp (NASDAQ:BMRC) Stake Boosted by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in Bank of Marin Bancorp (NASDAQ:BMRC) by 29.7% during the fourth quarter, HoldingsChannel reports. The firm owned 9,196 shares of the bank’s stock after acquiring an additional 2,105 shares during the period. SG Americas Securities LLC’s holdings in Bank of Marin Bancorp were worth $202,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Lazard Asset Management LLC purchased a new position in Bank of Marin Bancorp during the 4th quarter valued at about $29,000. Tower Research Capital LLC TRC grew its stake in Bank of Marin Bancorp by 642.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,723 shares of the bank’s stock valued at $38,000 after acquiring an additional 1,491 shares in the last quarter. Citigroup Inc. grew its stake in Bank of Marin Bancorp by 754.8% during the 2nd quarter. Citigroup Inc. now owns 5,411 shares of the bank’s stock valued at $96,000 after acquiring an additional 4,778 shares in the last quarter. Captrust Financial Advisors grew its stake in Bank of Marin Bancorp by 54.9% during the 1st quarter. Captrust Financial Advisors now owns 3,172 shares of the bank’s stock valued at $111,000 after acquiring an additional 1,124 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in Bank of Marin Bancorp by 49.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,161 shares of the bank’s stock valued at $164,000 after acquiring an additional 1,719 shares in the last quarter. Hedge funds and other institutional investors own 52.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. DA Davidson lowered their target price on Bank of Marin Bancorp from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 30th. Stephens lowered their target price on Bank of Marin Bancorp from $24.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 30th.

Bank of Marin Bancorp Price Performance

Shares of Bank of Marin Bancorp stock opened at $14.99 on Friday. The firm has a market cap of $244.34 million, a price-to-earnings ratio of 12.09 and a beta of 0.85. Bank of Marin Bancorp has a 52-week low of $12.89 and a 52-week high of $23.24. The stock has a 50-day simple moving average of $16.67 and a 200-day simple moving average of $18.54.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its quarterly earnings results on Monday, January 29th. The bank reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). The firm had revenue of $20.98 million for the quarter, compared to analyst estimates of $27.50 million. Bank of Marin Bancorp had a net margin of 13.77% and a return on equity of 5.63%. As a group, equities research analysts predict that Bank of Marin Bancorp will post 1.23 earnings per share for the current year.

Bank of Marin Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 8th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, February 7th. This represents a $1.00 annualized dividend and a dividend yield of 6.67%. Bank of Marin Bancorp’s dividend payout ratio is 80.65%.

Bank of Marin Bancorp 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.