Quadrant Capital Group LLC boosted its holdings in shares of Bank of Marin Bancorp (NASDAQ:BMRC – Get Rating) by 44.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,852 shares of the bank’s stock after purchasing an additional 568 shares during the quarter. Quadrant Capital Group LLC’s holdings in Bank of Marin Bancorp were worth $61,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC grew its stake in Bank of Marin Bancorp by 373.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,599 shares of the bank’s stock valued at $78,000 after acquiring an additional 2,050 shares in the last quarter. Private Ocean LLC increased its holdings in shares of Bank of Marin Bancorp by 18.1% in the fourth quarter. Private Ocean LLC now owns 2,941 shares of the bank’s stock valued at $97,000 after purchasing an additional 451 shares during the last quarter. Captrust Financial Advisors lifted its position in Bank of Marin Bancorp by 54.9% during the first quarter. Captrust Financial Advisors now owns 3,172 shares of the bank’s stock worth $111,000 after buying an additional 1,124 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in Bank of Marin Bancorp by 49.9% during the second quarter. BNP Paribas Arbitrage SA now owns 5,161 shares of the bank’s stock worth $164,000 after buying an additional 1,719 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC boosted its stake in Bank of Marin Bancorp by 45.7% during the third quarter. BNP Paribas Arbitrage SNC now owns 7,517 shares of the bank’s stock worth $225,000 after buying an additional 2,356 shares during the last quarter. 48.88% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In related news, Director Kevin R. Kennedy bought 5,000 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The stock was purchased at an average cost of $15.15 per share, with a total value of $75,750.00. Following the purchase, the director now directly owns 22,615 shares of the company’s stock, valued at approximately $342,617.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have purchased 8,984 shares of company stock worth $137,224. Corporate insiders own 5.12% of the company’s stock.
Wall Street Analyst Weigh In
Bank of Marin Bancorp Trading Up 2.4 %
BMRC opened at $18.04 on Wednesday. The stock’s 50-day moving average price is $18.21 and its 200 day moving average price is $26.36. Bank of Marin Bancorp has a 12-month low of $12.89 and a 12-month high of $36.78. The firm has a market cap of $290.62 million, a price-to-earnings ratio of 6.33 and a beta of 0.70.
Bank of Marin Bancorp (NASDAQ:BMRC – Get Rating) last issued its quarterly earnings results on Monday, April 24th. The bank reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.10). Bank of Marin Bancorp had a return on equity of 11.11% and a net margin of 31.45%. The business had revenue of $37.28 million for the quarter, compared to analyst estimates of $35.00 million. During the same period in the prior year, the company posted $0.68 EPS. On average, research analysts forecast that Bank of Marin Bancorp will post 1.93 earnings per share for the current year.
Bank of Marin Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 12th. Stockholders of record on Friday, May 5th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date was Thursday, May 4th. Bank of Marin Bancorp’s dividend payout ratio is currently 35.09%.
Bank of Marin Bancorp Profile
Bank of Marin Bancorp is a bank holding company, which operates through the Bank of Marin, providing financial services to customers. It offers traditional community banking activities and wealth management and trust services, personal and business checking and savings accounts, certificates of deposit, individual retirement accounts, health savings accounts, certificate of deposit account registry services, insured cash sweep, and demand deposit marketplace accounts.
Featured Articles
- Get a free copy of the StockNews.com research report on Bank of Marin Bancorp (BMRC)
- Shopify Soars 6% On Logistics Sale; EPS Forecast To Grow 715%
- Gevo’s Cash Flow, Small Cap Buying Back Shares
- Tesla: How and Why It Gets To $300
- Is American Airlines a Good Stock to Buy?
- High Dividend REITs: Are They an Ideal Way to Diversify?
Want to see what other hedge funds are holding BMRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of Marin Bancorp (NASDAQ:BMRC – Get Rating).
Receive News & Ratings for Bank of Marin Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Marin Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
-logo.jpg&h=45&w=95&zc=2){kind=logo}
