1 day Ago By ABMN Staff
Bank of New York Mellon Corp reduced its stake in shares of Bank of Marin Bancorp ( NASDAQ:BMRC – Free Report ) by 2.1% in the 2nd quarter, Holdings Channel.com reports.
The institutional investor owned 100,460 shares of the bank’s stock after selling 2,108 shares during the quarter. Bank of New York Mellon Corp’s holdings in Bank of Marin Bancorp were worth $1,626,000 at the end of the most recent quarter. Other institutional investors also recently modified their holdings of the company.
CWM LLC grew its position in shares of Bank of Marin Bancorp by 129.2% during the 2nd quarter. CWM LLC now owns 1,944 shares of the bank’s stock worth $31,000 after buying an additional 1,096 shares during the period.
Riverview Trust Co grew its position in shares of Bank of Marin Bancorp by 105.5% during the 2nd quarter. Riverview Trust Co now owns 1,950 shares of the bank’s stock worth $32,000 after buying an additional 1,001 shares during the period.
PNC Financial Services Group Inc. grew its position in shares of Bank of Marin Bancorp by 348.3% during the 4th quarter.
PNC Financial Services Group Inc. now owns 2,358 shares of the bank’s stock worth $52,000 after buying an additional 1,832 shares during the period. Bridge City Capital LLC grew its position in shares of Bank of Marin Bancorp by 17.
9% during the 1st quarter. Bridge City Capital LLC now owns 11,497 shares of the bank’s stock worth $193,000 after buying an additional 1,747 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in shares of Bank of Marin Bancorp during the 1st quarter worth about $202,000.
52.26% of the stock is currently owned by institutional investors and hedge funds. Analysts Set New Price Targets Several research firms have recently issued reports on BMRC.
Stephens restated an “equal weight” rating and set a $16.00 target price on shares of Bank of Marin Bancorp in a research report on Thursday, June 27th. Keefe, Bruyette & Woods boosted their price objective on Bank of Marin Bancorp from $21.
00 to $23.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Bank of Marin Bancorp Stock Performance Shares of BMRC opened at $20.
41 on Thursday. The stock has a 50 day simple moving average of $20.04 and a 200 day simple moving average of $17.
24. Bank of Marin Bancorp has a 52-week low of $14.11 and a 52-week high of $23.
24. The firm has a market capitalization of $332.40 million, a PE ratio of 24.
59 and a beta of 0.92. Bank of Marin Bancorp ( NASDAQ:BMRC – Get Free Report ) last issued its quarterly earnings data on Monday, July 29th.
The bank reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.
13). The business had revenue of $37.12 million during the quarter, compared to analyst estimates of $25.
85 million. Bank of Marin Bancorp had a negative net margin of 9.09% and a positive return on equity of 3.
25%. During the same quarter in the prior year, the firm posted $0.28 earnings per share.
Equities research analysts predict that Bank of Marin Bancorp will post 0.47 EPS for the current fiscal year. Bank of Marin Bancorp Announces Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th.
Shareholders of record on Thursday, August 8th were paid a $0.25 dividend. This represents a $1.
00 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend was Thursday, August 8th.
Bank of Marin Bancorp’s payout ratio is 120.48%. Bank of Marin Bancorp Profile ( Free Report ) 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. Recommended Stories 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 – Free Report ).
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