Parametric Portfolio Associates LLC raised its holdings in Bank of Marin Bancorp (NASDAQ:BMRC) by 1.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,592 shares of the bank’s stock after acquiring an additional 307 shares during the quarter. Parametric Portfolio Associates LLC owned 0.16% of Bank of Marin Bancorp worth $886,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in BMRC. Meeder Asset Management Inc. lifted its holdings in Bank of Marin Bancorp by 205.4% in the second quarter. Meeder Asset Management Inc. now owns 855 shares of the bank’s stock valued at $35,000 after acquiring an additional 575 shares during the period. Marshall Wace LLP acquired a new position in shares of Bank of Marin Bancorp during the 1st quarter worth $75,000. TRUE Private Wealth Advisors acquired a new position in shares of Bank of Marin Bancorp during the 2nd quarter worth $82,000. Bank of Montreal Can raised its stake in shares of Bank of Marin Bancorp by 31.8% during the 2nd quarter. Bank of Montreal Can now owns 5,274 shares of the bank’s stock worth $217,000 after buying an additional 1,272 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Bank of Marin Bancorp during the 2nd quarter worth $551,000. 45.23% of the stock is owned by institutional investors.

In related news, EVP Peter Pelham sold 3,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $40.10, for a total value of $120,300.00. Following the completion of the transaction, the executive vice president now owns 9,857 shares of the company’s stock, valued at approximately $395,265.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 7,391 shares of company stock valued at $304,991 in the last three months. 5.29% of the stock is currently owned by corporate insiders.

Several research firms have recently issued reports on BMRC. BidaskClub downgraded Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, September 27th. Zacks Investment Research raised Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research note on Friday. Finally, ValuEngine downgraded Bank of Marin Bancorp from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 5th.

Shares of NASDAQ:BMRC traded down $0.01 during midday trading on Monday, hitting $41.09. 1,165 shares of the stock were exchanged, compared to its average volume of 31,936. The company has a 50 day moving average price of $41.53 and a 200-day moving average price of $41.90. Bank of Marin Bancorp has a twelve month low of $38.00 and a twelve month high of $45.13. The stock has a market cap of $555.42 million, a P/E ratio of 17.64 and a beta of 0.55. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.05.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its earnings results on Monday, July 22nd. The bank reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. Bank of Marin Bancorp had a net margin of 31.30% and a return on equity of 10.70%. The firm had revenue of $26.06 million during the quarter, compared to the consensus estimate of $26.59 million. On average, equities research analysts expect that Bank of Marin Bancorp will post 2.35 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 professionals, small and middle-market businesses, individuals, and not-for-profit organizations in California, the United States. The company offers personal and business checking and savings accounts; and time certificates of deposit, individual retirement accounts, health savings accounts, and demand deposit marketplace accounts, as well as certificate of deposit account registry and insured cash sweep services.

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Institutional Ownership by Quarter for Bank of Marin Bancorp (NASDAQ:BMRC)

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