Kennedy Capital Management LLC Has $3.62 Million Stock Holdings in Bank of Marin Bancorp (NASDAQ:BMRC)

Kennedy Capital Management LLC boosted its stake in shares of Bank of Marin Bancorp (NASDAQ:BMRC - Free Report) by 30.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 152,267 shares of the bank's stock after purchasing an additional 35,958 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.95% of Bank of Marin Bancorp worth $3,619,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC lifted its holdings in shares of Bank of Marin Bancorp by 7.1% in the fourth quarter. SG Americas Securities LLC now owns 6,509 shares of the bank's stock valued at $155,000 after buying an additional 430 shares during the period. Wulff Hansen & CO. acquired a new position in shares of Bank of Marin Bancorp during the 4th quarter worth about $200,000. Raymond James Financial Inc. bought a new position in Bank of Marin Bancorp in the 4th quarter worth approximately $200,000. Angel Oak Capital Advisors LLC acquired a new stake in Bank of Marin Bancorp in the 4th quarter worth $214,000. Finally, Ballentine Partners LLC bought a new position in Bank of Marin Bancorp during the fourth quarter valued at about $214,000. Institutional investors own 52.26% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BMRC shares. StockNews.com raised shares of Bank of Marin Bancorp from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Stephens reaffirmed an "overweight" rating and issued a $30.00 price target on shares of Bank of Marin Bancorp in a research note on Wednesday, January 29th.

Bank of Marin Bancorp Stock Performance

Bank of Marin Bancorp stock traded down $0.04 on Friday, reaching $20.29. The company's stock had a trading volume of 96,038 shares, compared to its average volume of 75,225. Bank of Marin Bancorp has a twelve month low of $14.11 and a twelve month high of $27.11. The company has a market cap of $327.01 million, a price-to-earnings ratio of -39.02 and a beta of 0.84. The business's fifty day moving average price is $22.60 and its 200 day moving average price is $23.36.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The bank reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.06. Bank of Marin Bancorp had a negative net margin of 5.52% and a positive return on equity of 3.33%. During the same period in the previous year, the firm posted $0.04 earnings per share. As a group, equities analysts forecast that Bank of Marin Bancorp will post 1.61 earnings per share for the current year.

Bank of Marin Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Thursday, February 6th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a yield of 4.93%. Bank of Marin Bancorp's payout ratio is -192.31%.

About Bank of Marin Bancorp

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.