16,256 Shares in Bank of Marin Bancorp (NASDAQ:BMRC) Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Bank of Marin Bancorp (NASDAQ:BMRC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 16,256 shares of the bank's stock, valued at approximately $386,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.10% of Bank of Marin Bancorp at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in BMRC. Quantbot Technologies LP acquired a new position in shares of Bank of Marin Bancorp in the 3rd quarter valued at $74,000. SG Americas Securities LLC increased 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 purchasing an additional 430 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Bank of Marin Bancorp in the fourth quarter worth about $200,000. Ballentine Partners LLC acquired a new stake in shares of Bank of Marin Bancorp during the fourth quarter worth about $214,000. Finally, Angel Oak Capital Advisors LLC purchased a new stake in Bank of Marin Bancorp in the fourth quarter valued at approximately $214,000. 52.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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Bank of Marin Bancorp Stock Performance

Shares of BMRC traded up $0.01 during trading hours on Thursday, hitting $22.46. The stock had a trading volume of 37,984 shares, compared to its average volume of 71,977. The firm has a market capitalization of $361.99 million, a price-to-earnings ratio of -43.19 and a beta of 0.91. The firm has a 50-day moving average price of $23.95 and a 200 day moving average price of $23.34. Bank of Marin Bancorp has a fifty-two week low of $14.11 and a fifty-two week high of $27.11.

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

Bank of Marin Bancorp Dividend Announcement

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