BNP Paribas Financial Markets Has $68,000 Position in Bank of Marin Bancorp (NASDAQ:BMRC)

BNP Paribas Financial Markets lowered its position in shares of Bank of Marin Bancorp (NASDAQ:BMRC - Free Report) by 88.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,407 shares of the bank's stock after selling 27,015 shares during the period. BNP Paribas Financial Markets' holdings in Bank of Marin Bancorp were worth $68,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rhumbline Advisers increased its position in Bank of Marin Bancorp by 2.7% in the 2nd quarter. Rhumbline Advisers now owns 25,011 shares of the bank's stock valued at $405,000 after acquiring an additional 656 shares during the period. Empowered Funds LLC increased its holdings in Bank of Marin Bancorp by 5.0% in the third quarter. Empowered Funds LLC now owns 22,644 shares of the bank's stock valued at $455,000 after purchasing an additional 1,072 shares during the period. CWM LLC raised its position in 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 purchasing an additional 1,096 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in Bank of Marin Bancorp by 21.1% during the 2nd quarter. Hsbc Holdings PLC now owns 12,254 shares of the bank's stock worth $199,000 after buying an additional 2,131 shares during the period. Finally, Sei Investments Co. grew its position in shares of Bank of Marin Bancorp by 23.3% in the 2nd quarter. Sei Investments Co. now owns 14,275 shares of the bank's stock valued at $231,000 after buying an additional 2,700 shares during the last quarter. Institutional investors own 52.26% of the company's stock.

Bank of Marin Bancorp Stock Up 4.0 %

BMRC traded up $0.92 during trading on Friday, hitting $24.07. The company's stock had a trading volume of 181,216 shares, compared to its average volume of 74,831. The firm has a market capitalization of $387.12 million, a P/E ratio of -27.99 and a beta of 0.93. Bank of Marin Bancorp has a twelve month low of $14.11 and a twelve month high of $27.11. The stock's fifty day moving average price is $24.20 and its 200-day moving average price is $20.59.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last released its earnings results on Monday, October 28th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.01. The company had revenue of $39.21 million for the quarter, compared to the consensus estimate of $27.30 million. Bank of Marin Bancorp had a negative net margin of 9.49% and a positive return on equity of 3.05%. During the same quarter in the previous year, the company earned $0.33 EPS. Equities research analysts expect that Bank of Marin Bancorp will post 0.9 EPS for the current fiscal year.

Bank of Marin Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.00 annualized dividend and a dividend yield of 4.15%. Bank of Marin Bancorp's dividend payout ratio is presently -116.28%.

Analysts Set New Price Targets

A number of equities analysts recently commented on BMRC shares. Keefe, Bruyette & Woods lifted their price objective on Bank of Marin Bancorp from $26.00 to $30.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. StockNews.com upgraded shares of Bank of Marin Bancorp from a "sell" rating to a "hold" rating in a research report on Tuesday, December 10th. Stephens raised shares of Bank of Marin Bancorp from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. Finally, DA Davidson raised shares of Bank of Marin Bancorp from a "neutral" rating to a "buy" rating and set a $24.00 target price for the company in a research note on Thursday, October 10th.

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.