Bank of Marin Bancorp (NASDAQ:BMRC) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC increased its position in Bank of Marin Bancorp (NASDAQ:BMRC) by 7.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,509 shares of the bank’s stock after buying an additional 430 shares during the period. SG Americas Securities LLC’s holdings in Bank of Marin Bancorp were worth $155,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BMRC. Quantbot Technologies LP acquired a new position in Bank of Marin Bancorp during the third quarter valued at approximately $74,000. Ballentine Partners LLC bought a new position in shares of Bank of Marin Bancorp during the fourth quarter valued at approximately $214,000. Exchange Traded Concepts LLC acquired a new stake in shares of Bank of Marin Bancorp in the 3rd quarter worth about $292,000. JPMorgan Chase & Co. raised its stake in 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 acquiring an additional 2,469 shares in the last quarter. Finally, Creative Planning acquired a new stake in shares of Bank of Marin Bancorp in the 3rd quarter worth approximately $361,000. 52.26% of the stock is currently owned by institutional investors and hedge funds.

Bank of Marin Bancorp Stock Performance

Shares of NASDAQ:BMRC opened at $25.14 on Monday. Bank of Marin Bancorp has a 52 week low of $14.11 and a 52 week high of $27.11. The company’s fifty day moving average is $24.16 and its 200-day moving average is $22.46. The company has a market capitalization of $404.25 million, a PE ratio of -48.35 and a beta of 0.94.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its earnings results on Monday, January 27th. The bank reported $0.38 EPS for the quarter, beating the consensus estimate 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 prior year, the firm earned $0.04 earnings per share. On average, analysts forecast that Bank of Marin Bancorp will post 1.61 EPS for the current year.

Bank of Marin Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders 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 dividend yield of 3.98%. The ex-dividend date is Thursday, February 6th. Bank of Marin Bancorp’s dividend payout ratio is currently -192.30%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BMRC. StockNews.com raised Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. 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. Finally, Keefe, Bruyette & Woods increased their price objective on Bank of Marin Bancorp from $26.00 to $30.00 and gave the stock an “outperform” rating in a 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.