Bank of Marin Bancorp (NASDAQ:BMRC) Shares Sold by Fourthstone LLC

Fourthstone LLC cut its position in shares of Bank of Marin Bancorp (NASDAQ:BMRC) by 18.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 85,122 shares of the bank’s stock after selling 18,806 shares during the quarter. Bank of Marin Bancorp accounts for about 0.4% of Fourthstone LLC’s investment portfolio, making the stock its 29th largest holding. Fourthstone LLC’s holdings in Bank of Marin Bancorp were worth $1,710,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BMRC. Quadrature Capital Ltd acquired a new position in Bank of Marin Bancorp during the 1st quarter worth $202,000. CWM LLC lifted its stake in shares of Bank of Marin Bancorp by 129.2% in the 2nd quarter. CWM LLC now owns 1,944 shares of the bank’s stock worth $31,000 after acquiring an additional 1,096 shares during the period. Riverview Trust Co boosted its holdings in shares of Bank of Marin Bancorp by 105.5% in the second quarter. Riverview Trust Co now owns 1,950 shares of the bank’s stock valued at $32,000 after acquiring an additional 1,001 shares in the last quarter. Fiduciary Financial Group LLC acquired a new position in shares of Bank of Marin Bancorp during the second quarter valued at approximately $287,000. Finally, Assenagon Asset Management S.A. acquired a new stake in Bank of Marin Bancorp in the second quarter worth approximately $396,000. Institutional investors and hedge funds own 52.26% of the company’s stock.

Analyst Upgrades and Downgrades

BMRC has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their target price on shares of Bank of Marin Bancorp from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. StockNews.com downgraded shares of Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Finally, DA Davidson upgraded shares of Bank of Marin Bancorp from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Thursday, October 10th.

Bank of Marin Bancorp Stock Down 0.3 %

Shares of NASDAQ:BMRC traded down $0.08 during trading on Thursday, reaching $25.59. 28,399 shares of the company traded hands, compared to its average volume of 76,140. The firm has a fifty day simple moving average of $22.69 and a 200 day simple moving average of $19.61. Bank of Marin Bancorp has a 1-year low of $14.11 and a 1-year high of $27.11. The firm has a market cap of $411.49 million, a P/E ratio of -29.76 and a beta of 0.90.

Bank of Marin Bancorp (NASDAQ:BMRC) last released its quarterly earnings results on Monday, October 28th. The bank reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $39.21 million for the quarter, compared to analyst estimates 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 quarter last year, the firm posted $0.33 earnings per share. As a group, research analysts anticipate that Bank of Marin Bancorp will post 0.88 EPS for the current year.

Bank of Marin Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.00 annualized dividend and a dividend yield of 3.91%. Bank of Marin Bancorp’s dividend payout ratio is presently -116.28%.

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.