Two Sigma Investments LP Purchases 2,982 Shares of Bank of Marin Bancorp (BMRC)

Two Sigma Investments LP raised its position in Bank of Marin Bancorp (NASDAQ:BMRC) by 21.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,759 shares of the bank’s stock after acquiring an additional 2,982 shares during the quarter. Two Sigma Investments LP’s holdings in Bank of Marin Bancorp were worth $1,140,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its holdings in Bank of Marin Bancorp by 0.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 245,277 shares of the bank’s stock valued at $16,678,000 after acquiring an additional 771 shares during the period. New York State Common Retirement Fund lifted its holdings in Bank of Marin Bancorp by 16.6% in the third quarter. New York State Common Retirement Fund now owns 8,513 shares of the bank’s stock valued at $583,000 after acquiring an additional 1,213 shares during the period. Confluence Investment Management LLC lifted its holdings in Bank of Marin Bancorp by 2.0% in the fourth quarter. Confluence Investment Management LLC now owns 68,392 shares of the bank’s stock valued at $4,651,000 after acquiring an additional 1,373 shares during the period. Nationwide Fund Advisors lifted its holdings in Bank of Marin Bancorp by 16.5% in the third quarter. Nationwide Fund Advisors now owns 11,042 shares of the bank’s stock valued at $756,000 after acquiring an additional 1,560 shares during the period. Finally, SG Americas Securities LLC bought a new position in Bank of Marin Bancorp in the third quarter valued at about $113,000. 42.57% of the stock is currently owned by institutional investors.

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Shares of BMRC opened at $69.35 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $494.55, a price-to-earnings ratio of 21.14, a P/E/G ratio of 1.59 and a beta of 0.70. Bank of Marin Bancorp has a 52 week low of $59.05 and a 52 week high of $77.90.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its quarterly earnings results on Monday, January 22nd. The bank reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.06). The company had revenue of $22.13 million during the quarter, compared to analysts’ expectations of $22.10 million. Bank of Marin Bancorp had a return on equity of 8.10% and a net margin of 18.83%. research analysts anticipate that Bank of Marin Bancorp will post 4.05 earnings per share for the current fiscal year.

A number of research analysts have weighed in on the company. BidaskClub raised Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, March 15th. ValuEngine raised Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research downgraded Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Finally, Piper Jaffray restated a “hold” rating and issued a $75.00 price target on shares of Bank of Marin Bancorp in a research report on Tuesday, January 9th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $74.75.

In other Bank of Marin Bancorp news, CEO Russell A. Colombo sold 911 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $68.00, for a total value of $61,948.00. Following the completion of the sale, the chief executive officer now owns 26,133 shares in the company, valued at $1,777,044. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 5.17% of the company’s stock.

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Bank of Marin Bancorp Profile

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. The Company operates through 23 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.

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

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