Barclays PLC Has $911,000 Stock Position in Bank of Marin Bancorp (NASDAQ:BMRC)

Barclays PLC raised its holdings in Bank of Marin Bancorp (NASDAQ:BMRC) by 46.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,370 shares of the bank’s stock after buying an additional 14,306 shares during the quarter. Barclays PLC’s holdings in Bank of Marin Bancorp were worth $911,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Basswood Capital Management L.L.C. acquired a new position in Bank of Marin Bancorp in the third quarter valued at about $3,411,000. Zacks Investment Management bought a new position in Bank of Marin Bancorp during the third quarter worth about $2,195,000. AQR Capital Management LLC bought a new stake in Bank of Marin Bancorp in the second quarter valued at approximately $709,000. Renaissance Technologies LLC lifted its holdings in Bank of Marin Bancorp by 29.5% during the second quarter. Renaissance Technologies LLC now owns 150,192 shares of the bank’s stock worth $2,432,000 after acquiring an additional 34,200 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Bank of Marin Bancorp by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 716,201 shares of the bank’s stock worth $11,595,000 after purchasing an additional 33,280 shares in the last quarter. 52.26% of the stock is owned by institutional investors and hedge funds.

Bank of Marin Bancorp Price Performance

BMRC stock opened at $23.10 on Wednesday. The company has a 50 day simple moving average of $24.67 and a 200 day simple moving average of $21.74. The stock has a market cap of $371.52 million, a price-to-earnings ratio of -26.86 and a beta of 0.93. 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) last posted its earnings results on Monday, October 28th. The bank reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The business had revenue of $39.21 million for the quarter, compared to the consensus estimate of $27.30 million. Bank of Marin Bancorp had a negative net margin of 9.49% and a positive return on equity of 3.05%. During the same period last year, the company earned $0.33 EPS. On average, equities research analysts anticipate that Bank of Marin Bancorp will post 0.9 EPS for the current fiscal year.

Bank of Marin Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.33%. The ex-dividend date was Thursday, November 7th. Bank of Marin Bancorp’s dividend payout ratio (DPR) is presently -116.28%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BMRC shares. Stephens reiterated an “overweight” rating and set a $30.00 price objective on shares of Bank of Marin Bancorp in a report on Thursday, January 2nd. StockNews.com raised shares of Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, December 10th. DA Davidson raised Bank of Marin Bancorp from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods upped their target price on Bank of Marin Bancorp from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th.

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.