Proficio Capital Partners LLC Invests $1.37 Million in Bank of Marin Bancorp (NASDAQ:BMRC)

Proficio Capital Partners LLC bought a new position in Bank of Marin Bancorp (NASDAQ:BMRC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 57,785 shares of the bank's stock, valued at approximately $1,374,000. Proficio Capital Partners LLC owned 0.36% of Bank of Marin Bancorp at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BMRC. Creative Planning bought a new position in shares of Bank of Marin Bancorp in the third quarter worth about $361,000. Empowered Funds LLC lifted its position in shares of Bank of Marin Bancorp by 5.0% in the third quarter. Empowered Funds LLC now owns 22,644 shares of the bank's stock worth $455,000 after buying an additional 1,072 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Bank of Marin Bancorp by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 121,986 shares of the bank's stock valued at $2,451,000 after acquiring an additional 2,842 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Bank of Marin Bancorp in the 3rd quarter worth $74,000. Finally, Basswood Capital Management L.L.C. purchased a new position in Bank of Marin Bancorp in the third quarter worth about $3,411,000. Hedge funds and other institutional investors own 52.26% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on BMRC shares. Stephens restated an "overweight" rating and set a $30.00 price target on shares of Bank of Marin Bancorp in a report on Wednesday, January 29th. StockNews.com raised shares of Bank of Marin Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Finally, Keefe, Bruyette & Woods lifted 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 note on Wednesday, December 4th.

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Bank of Marin Bancorp Stock Down 0.0 %

Shares of BMRC traded down $0.01 during mid-day trading on Tuesday, hitting $22.42. 110,340 shares of the company traded hands, compared to its average volume of 73,045. The company has a market capitalization of $360.58 million, a PE ratio of -43.11 and a beta of 0.91. The business has a 50 day moving average of $24.14 and a 200 day moving average of $23.22. Bank of Marin Bancorp has a 1-year low of $14.11 and a 1-year high of $27.11.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The bank reported $0.38 earnings per share 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 period last year, the firm earned $0.04 EPS. As a group, research 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 declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Thursday, February 6th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.46%. The ex-dividend date was Thursday, February 6th. Bank of Marin Bancorp's payout ratio is presently -192.31%.

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.