Cerity Partners LLC Takes Position in Bank of Marin Bancorp (NASDAQ:BMRC)

Cerity Partners LLC acquired a new stake in Bank of Marin Bancorp (NASDAQ:BMRC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 19,520 shares of the bank’s stock, valued at approximately $430,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BMRC. North Reef Capital Management LP bought a new position in Bank of Marin Bancorp during the third quarter worth about $1,005,000. Rosenthal Henry Capital Advisors Inc. grew its holdings in Bank of Marin Bancorp by 135.1% during the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 43,500 shares of the bank’s stock worth $795,000 after purchasing an additional 25,000 shares during the period. SG Americas Securities LLC bought a new position in Bank of Marin Bancorp during the third quarter worth about $130,000. Mutual of America Capital Management LLC grew its holdings in Bank of Marin Bancorp by 2.5% during the third quarter. Mutual of America Capital Management LLC now owns 75,776 shares of the bank’s stock worth $1,385,000 after purchasing an additional 1,879 shares during the period. Finally, Barclays PLC grew its holdings in Bank of Marin Bancorp by 7.7% during the third quarter. Barclays PLC now owns 23,605 shares of the bank’s stock worth $432,000 after purchasing an additional 1,683 shares during the period. Institutional investors own 52.26% of the company’s stock.

Bank of Marin Bancorp Stock Down 2.7 %

Shares of NASDAQ:BMRC opened at $15.43 on Friday. Bank of Marin Bancorp has a 12-month low of $12.89 and a 12-month high of $23.24. The stock has a market cap of $251.51 million, a PE ratio of 12.44 and a beta of 0.85. The business has a 50 day moving average of $16.27 and a 200-day moving average of $18.37.

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

Analyst Ratings Changes

BMRC has been the subject of a number of research analyst reports. Stephens reduced their price objective on Bank of Marin Bancorp from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, January 30th. DA Davidson reduced their price objective on Bank of Marin Bancorp from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 30th.

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.