Bank of Marin Bancorp (NASDAQ:BMRC) Shares Purchased by North Reef Capital Management LP

North Reef Capital Management LP boosted its position in Bank of Marin Bancorp (NASDAQ:BMRC - Free Report) by 45.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 470,956 shares of the bank's stock after purchasing an additional 148,020 shares during the period. Bank of Marin Bancorp comprises 0.5% of North Reef Capital Management LP's investment portfolio, making the stock its 29th biggest position. North Reef Capital Management LP owned approximately 2.93% of Bank of Marin Bancorp worth $11,195,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its position in Bank of Marin Bancorp by 157.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,084 shares of the bank's stock worth $26,000 after buying an additional 663 shares in the last quarter. SG Americas Securities LLC increased its position in Bank of Marin Bancorp by 7.1% during the fourth quarter. SG Americas Securities LLC now owns 6,509 shares of the bank's stock worth $155,000 after buying an additional 430 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Bank of Marin Bancorp during the fourth quarter worth $200,000. Wulff Hansen & CO. purchased a new position in Bank of Marin Bancorp during the fourth quarter worth $200,000. Finally, Angel Oak Capital Advisors LLC purchased a new position in Bank of Marin Bancorp during the fourth quarter worth $214,000. 52.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. StockNews.com raised Bank of Marin Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Stephens reaffirmed an "overweight" rating and issued a $30.00 price objective on shares of Bank of Marin Bancorp in a research report on Wednesday, January 29th.

Bank of Marin Bancorp Price Performance

BMRC stock traded up $0.15 during trading on Monday, reaching $20.97. 100,841 shares of the stock traded hands, compared to its average volume of 76,396. The business's 50 day moving average price is $22.10 and its 200-day moving average price is $23.43. Bank of Marin Bancorp has a 52-week low of $14.11 and a 52-week high of $27.11. The firm has a market capitalization of $339.78 million, a PE ratio of -40.33 and a beta of 0.84.

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

Bank of Marin Bancorp 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.