Wulff Hansen & CO. Acquires Shares of 8,428 Bank of Marin Bancorp (NASDAQ:BMRC)

Wulff Hansen & CO. bought a new stake in shares of Bank of Marin Bancorp (NASDAQ:BMRC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,428 shares of the bank’s stock, valued at approximately $200,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Bank of Marin Bancorp during the 4th quarter valued at approximately $386,000. Raymond James Financial Inc. bought a new position in shares of Bank of Marin Bancorp during the 4th quarter valued at approximately $200,000. Proficio Capital Partners LLC bought a new position in shares of Bank of Marin Bancorp during the 4th quarter valued at approximately $1,374,000. Angel Oak Capital Advisors LLC bought a new position in shares of Bank of Marin Bancorp during the 4th quarter valued at approximately $214,000. Finally, Rhumbline Advisers boosted its position in shares of Bank of Marin Bancorp by 6.9% during the 4th quarter. Rhumbline Advisers now owns 25,183 shares of the bank’s stock valued at $599,000 after acquiring an additional 1,621 shares during the last quarter. 52.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BMRC has been the subject of a number of research reports. Stephens reiterated an “overweight” rating and set a $30.00 target price on shares of Bank of Marin Bancorp in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods increased 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. Finally, StockNews.com upgraded Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, January 31st.

Bank of Marin Bancorp Stock Up 0.2 %

Shares of BMRC opened at $22.40 on Wednesday. The company has a market cap of $361.02 million, a PE ratio of -43.08 and a beta of 0.91. The business has a fifty day moving average of $24.00 and a 200 day moving average of $23.29. Bank of Marin Bancorp has a 52-week low of $14.11 and a 52-week high of $27.11.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its quarterly earnings results on Monday, January 27th. The bank reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.06. Bank of Marin Bancorp had a positive return on equity of 3.33% and a negative net margin of 5.52%. During the same period in the prior year, the firm earned $0.04 earnings per share. As a group, research analysts anticipate that Bank of Marin Bancorp will post 1.61 earnings per share for the current fiscal year.

Bank of Marin Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Thursday, February 6th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 4.46%. Bank of Marin Bancorp’s dividend payout ratio (DPR) is -192.31%.

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 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.