Globeflex Capital L P Continues to Hold Stake in Bank of Marin Bancorp (BMRC)

Globeflex Capital L P maintained its position in Bank of Marin Bancorp (NASDAQ:BMRC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,032 shares of the bank’s stock at the end of the first quarter. Globeflex Capital L P’s holdings in Bank of Marin Bancorp were worth $453,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Bank of Marin Bancorp by 17.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 62,553 shares of the bank’s stock worth $4,363,000 after buying an additional 9,208 shares during the period. Renaissance Technologies LLC raised its position in Bank of Marin Bancorp by 9.5% in the fourth quarter. Renaissance Technologies LLC now owns 116,520 shares of the bank’s stock worth $8,127,000 after buying an additional 10,120 shares during the period. Russell Investments Group Ltd. bought a new position in Bank of Marin Bancorp during the fourth quarter worth approximately $611,000. John W. Rosenthal Capital Management Inc. raised its position in Bank of Marin Bancorp by 4.2% in the first quarter. John W. Rosenthal Capital Management Inc. now owns 36,234 shares of the bank’s stock worth $2,332,000 after buying an additional 1,450 shares during the period. Finally, Bessemer Group Inc. raised its position in Bank of Marin Bancorp by 91.3% in the fourth quarter. Bessemer Group Inc. now owns 4,400 shares of the bank’s stock worth $307,000 after buying an additional 2,100 shares during the period. Hedge funds and other institutional investors own 41.84% of the company’s stock.

Institutional Ownership by Quarter for Bank of Marin Bancorp (NASDAQ:BMRC)

Bank of Marin Bancorp (NASDAQ BMRC) traded down 0.70% during trading on Tuesday, reaching $63.40. The company’s stock had a trading volume of 5,778 shares. The stock’s 50 day moving average is $62.47 and its 200 day moving average is $66.50. Bank of Marin Bancorp has a 12 month low of $47.16 and a 12 month high of $75.05. The company has a market cap of $386.23 million, a price-to-earnings ratio of 17.67 and a beta of 0.89.

Bank of Marin Bancorp (NASDAQ:BMRC) last posted its earnings results on Monday, April 24th. The bank reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by $0.06. The company had revenue of $19.74 million for the quarter, compared to analysts’ expectations of $20.17 million. Bank of Marin Bancorp had a return on equity of 9.54% and a net margin of 26.43%. On average, equities analysts expect that Bank of Marin Bancorp will post $3.22 EPS for the current fiscal year.

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A number of equities analysts have commented on BMRC shares. Zacks Investment Research lowered Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, April 27th. ValuEngine upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. Finally, Piper Jaffray Companies lowered their price objective on Bank of Marin Bancorp from $70.00 to $69.00 and set a “neutral” rating on the stock in a research note on Monday, April 17th.

About Bank of Marin Bancorp

Bank of Marin Bancorp (Bancorp) is the holding company for Bank of Marin (the Bank). The Company’s business banking focus is on small to medium-sized businesses, professionals and not-for-profit organizations. As of December 31, 2016, the Company operated through 20 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:BMRC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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