Rosenthal Henry Capital Advisors Inc. Sells 23,700 Shares of Bank of Marin Bancorp (NASDAQ:BMRC)

Rosenthal Henry Capital Advisors Inc. lowered its position in Bank of Marin Bancorp (NASDAQ:BMRC - Free Report) by 54.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,800 shares of the bank's stock after selling 23,700 shares during the quarter. Rosenthal Henry Capital Advisors Inc. owned about 0.12% of Bank of Marin Bancorp worth $471,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BMRC. SG Americas Securities LLC increased its holdings in shares of Bank of Marin Bancorp by 7.1% in the 4th quarter. SG Americas Securities LLC now owns 6,509 shares of the bank's stock worth $155,000 after buying an additional 430 shares during the last quarter. Empowered Funds LLC increased its stake 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 acquiring an additional 1,072 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Bank of Marin Bancorp by 21.1% during the second quarter. Hsbc Holdings PLC now owns 12,254 shares of the bank's stock worth $199,000 after purchasing an additional 2,131 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Bank of Marin Bancorp by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,662 shares of the bank's stock valued at $315,000 after purchasing an additional 2,469 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Bank of Marin Bancorp by 23.3% during 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 in the last quarter. Hedge funds and other institutional investors own 52.26% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on BMRC. Stephens reaffirmed an "overweight" rating and issued a $30.00 target price on shares of Bank of Marin Bancorp in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods increased 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 report on Wednesday, December 4th. DA Davidson raised shares of Bank of Marin Bancorp from a "neutral" rating to a "buy" rating and set a $24.00 price target for the company in a research note on Thursday, October 10th. Finally, StockNews.com raised Bank of Marin Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, January 31st.

Bank of Marin Bancorp Stock Down 1.6 %

Shares of Bank of Marin Bancorp stock traded down $0.41 on Thursday, hitting $25.52. The stock had a trading volume of 30,364 shares, compared to its average volume of 52,957. The stock's 50-day simple moving average is $24.16 and its two-hundred day simple moving average is $22.40. Bank of Marin Bancorp has a one year low of $14.11 and a one year high of $27.11. The stock has a market cap of $410.36 million, a price-to-earnings ratio of -49.08 and a beta of 0.94.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last released its quarterly earnings data 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 negative net margin of 5.52% and a positive return on equity of 3.33%. During the same period in the previous year, the business earned $0.04 EPS. As a group, equities analysts predict that Bank of Marin Bancorp will post 1.6 EPS for the current fiscal year.

Bank of Marin Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Thursday, February 6th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Thursday, February 6th. Bank of Marin Bancorp's payout ratio is -192.30%.

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.