Confluence Investment Management LLC boosted its position in Bank of Marin Bancorp (NASDAQ:BMRC) by 7.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 142,741 shares of the bank’s stock after acquiring an additional 9,378 shares during the quarter. Confluence Investment Management LLC’s holdings in Bank of Marin Bancorp were worth $5,590,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in Bank of Marin Bancorp by 1.9% during the 4th quarter. Barclays PLC now owns 26,824 shares of the bank’s stock worth $922,000 after purchasing an additional 512 shares during the period. Citigroup Inc. grew its holdings in Bank of Marin Bancorp by 17.4% during the 4th quarter. Citigroup Inc. now owns 3,616 shares of the bank’s stock worth $124,000 after acquiring an additional 535 shares in the last quarter. California Public Employees Retirement System raised its stake in Bank of Marin Bancorp by 2.4% during the third quarter. California Public Employees Retirement System now owns 29,944 shares of the bank’s stock valued at $867,000 after buying an additional 700 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Bank of Marin Bancorp by 53.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,300 shares of the bank’s stock valued at $79,000 after purchasing an additional 800 shares during the last quarter. Finally, Perigon Wealth Management LLC acquired a new position in Bank of Marin Bancorp in the fourth quarter valued at approximately $34,000. 43.90% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on BMRC shares. Janney Montgomery Scott lowered shares of Bank of Marin Bancorp from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 16th. Zacks Investment Research lowered Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, March 30th.

In other Bank of Marin Bancorp news, EVP Elizabeth Reizman sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 3rd. The stock was sold at an average price of $37.64, for a total value of $37,640.00. Following the sale, the executive vice president now owns 9,886 shares in the company, valued at approximately $372,109.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.23% of the company’s stock.

BMRC traded down $0.55 on Thursday, hitting $39.08. 27,861 shares of the stock traded hands, compared to its average volume of 41,312. The firm has a market capitalization of $522.07 million, a PE ratio of 17.07 and a beta of 0.85. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average price of $39.21 and a two-hundred day moving average price of $35.93. Bank of Marin Bancorp has a 52 week low of $26.59 and a 52 week high of $42.19.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its earnings results on Sunday, January 24th. The bank reported $0.60 EPS for the quarter, topping the consensus estimate of $0.48 by $0.12. The business had revenue of $25.43 million for the quarter, compared to the consensus estimate of $25.90 million. Bank of Marin Bancorp had a return on equity of 8.61% and a net margin of 28.41%. On average, equities research analysts forecast that Bank of Marin Bancorp will post 2.02 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 12th. Stockholders of record on Friday, February 5th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Thursday, February 4th. Bank of Marin Bancorp’s dividend payout ratio is currently 37.10%.

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 professionals, small and middle-market businesses, individuals, and not-for-profit organizations in San Francisco Bay Area, California in 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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