Bank of Marin Bancorp (NASDAQ:BMRC) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in Bank of Marin Bancorp (NASDAQ:BMRC - Free Report) by 4.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 716,201 shares of the bank's stock after purchasing an additional 33,280 shares during the quarter. Dimensional Fund Advisors LP owned 4.40% of Bank of Marin Bancorp worth $11,595,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CWM LLC increased its holdings in shares of Bank of Marin Bancorp by 129.2% in the 2nd quarter. CWM LLC now owns 1,944 shares of the bank's stock valued at $31,000 after purchasing an additional 1,096 shares in the last quarter. Riverview Trust Co increased its holdings in shares of Bank of Marin Bancorp by 105.5% in the 2nd quarter. Riverview Trust Co now owns 1,950 shares of the bank's stock valued at $32,000 after purchasing an additional 1,001 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Bank of Marin Bancorp by 348.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,358 shares of the bank's stock valued at $52,000 after purchasing an additional 1,832 shares in the last quarter. Bridge City Capital LLC increased its holdings in 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 valued at $193,000 after acquiring an additional 1,747 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Bank of Marin Bancorp during the 1st quarter valued at about $202,000. Hedge funds and other institutional investors own 52.26% of the company's stock.

Bank of Marin Bancorp Price Performance

NASDAQ:BMRC traded down $0.09 during mid-day trading on Monday, reaching $20.06. The company's stock had a trading volume of 65,461 shares, compared to its average volume of 77,619. The stock has a market cap of $326.70 million, a P/E ratio of 24.17 and a beta of 0.92. The company's fifty day simple moving average is $19.85 and its two-hundred day simple moving average is $17.52. Bank of Marin Bancorp has a twelve month low of $14.11 and a twelve month high of $23.24.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last announced its quarterly earnings results on Monday, July 29th. The bank reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.13). The company 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 last year, the business earned $0.28 EPS. Sell-side analysts expect 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 declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 8th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.00 annualized dividend and a yield of 4.99%. Bank of Marin Bancorp's dividend payout ratio is presently 120.48%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BMRC. Stephens restated an "equal weight" rating and set a $16.00 target price on shares of Bank of Marin Bancorp in a report on Thursday, June 27th. Keefe, Bruyette & Woods boosted their target price on shares of Bank of Marin Bancorp from $21.00 to $23.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st.

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.