Bank of Marin Bancorp (NASDAQ:BMRC) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in shares of Bank of Marin Bancorp (NASDAQ:BMRC - Free Report) by 18.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,959 shares of the bank's stock after selling 16,448 shares during the period. Bank of New York Mellon Corp owned about 0.47% of Bank of Marin Bancorp worth $1,782,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Bank of Marin Bancorp by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 362,376 shares of the bank's stock worth $7,282,000 after buying an additional 6,555 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Bank of Marin Bancorp by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 15,662 shares of the bank's stock worth $315,000 after acquiring an additional 2,469 shares in the last quarter. Rhumbline Advisers boosted its holdings in Bank of Marin Bancorp by 6.9% in the fourth quarter. Rhumbline Advisers now owns 25,183 shares of the bank's stock valued at $599,000 after purchasing an additional 1,621 shares during the last quarter. State Street Corp grew its stake in Bank of Marin Bancorp by 0.9% during the 3rd quarter. State Street Corp now owns 363,110 shares of the bank's stock valued at $7,295,000 after purchasing an additional 3,073 shares in the last quarter. Finally, Barclays PLC increased its holdings in Bank of Marin Bancorp by 46.1% during the 3rd quarter. Barclays PLC now owns 45,370 shares of the bank's stock worth $911,000 after purchasing an additional 14,306 shares during the last quarter. 52.26% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BMRC. Keefe, Bruyette & Woods raised their price target on shares of Bank of Marin Bancorp from $26.00 to $30.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of Bank of Marin Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Finally, Stephens reissued an "overweight" rating and issued a $30.00 target price on shares of Bank of Marin Bancorp in a research report on Wednesday, January 29th.

Bank of Marin Bancorp Trading Down 0.3 %

Bank of Marin Bancorp stock traded down $0.07 during mid-day trading on Wednesday, reaching $22.45. The company's stock had a trading volume of 36,020 shares, compared to its average volume of 72,047. Bank of Marin Bancorp has a twelve month low of $14.11 and a twelve month high of $27.11. The business has a 50 day moving average price of $23.97 and a 200-day moving average price of $23.34. The firm has a market cap of $361.83 million, a price-to-earnings ratio of -43.17 and a beta of 0.91.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The bank reported $0.38 EPS 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 last year, the firm posted $0.04 earnings per share. On average, equities analysts expect that Bank of Marin Bancorp will post 1.61 EPS for the current fiscal year.

Bank of Marin Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend was Thursday, February 6th. Bank of Marin Bancorp's dividend payout ratio (DPR) is presently -192.31%.

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.