Barclays PLC Has $911,000 Position in Bank of Marin Bancorp (NASDAQ:BMRC)

Barclays PLC boosted its position in Bank of Marin Bancorp (NASDAQ:BMRC) by 46.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,370 shares of the bank’s stock after purchasing an additional 14,306 shares during the period. Barclays PLC’s holdings in Bank of Marin Bancorp were worth $911,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of BMRC. Quantbot Technologies LP acquired a new position in Bank of Marin Bancorp in the 3rd quarter worth about $74,000. SG Americas Securities LLC acquired a new stake in shares of Bank of Marin Bancorp in the third quarter valued at about $122,000. XTX Topco Ltd acquired a new stake in shares of Bank of Marin Bancorp in the second quarter valued at about $168,000. Hsbc Holdings PLC increased its stake in shares of Bank of Marin Bancorp by 21.1% in the second quarter. Hsbc Holdings PLC now owns 12,254 shares of the bank’s stock valued at $199,000 after buying an additional 2,131 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Bank of Marin Bancorp by 23.3% in the second quarter. Sei Investments Co. now owns 14,275 shares of the bank’s stock valued at $231,000 after buying an additional 2,700 shares during the period. Institutional investors and hedge funds own 52.26% of the company’s stock.

Bank of Marin Bancorp Price Performance

Shares of Bank of Marin Bancorp stock opened at $23.44 on Tuesday. Bank of Marin Bancorp has a one year low of $14.11 and a one year high of $27.11. The stock’s 50-day moving average is $24.44 and its 200 day moving average is $21.10. The firm has a market cap of $376.99 million, a price-to-earnings ratio of -27.26 and a beta of 0.93.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its earnings results on Monday, October 28th. The bank reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. Bank of Marin Bancorp had a positive return on equity of 3.05% and a negative net margin of 9.49%. The company had revenue of $39.21 million for the quarter, compared to analyst estimates of $27.30 million. During the same quarter in the prior year, the company earned $0.33 EPS. On average, sell-side analysts expect that Bank of Marin Bancorp will post 0.9 EPS for the current fiscal year.

Bank of Marin Bancorp Dividend Announcement

The firm also recently announced 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 was Thursday, November 7th. This represents a $1.00 annualized dividend and a dividend yield of 4.27%. Bank of Marin Bancorp’s payout ratio is -116.28%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. DA Davidson raised 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 note on Thursday, October 10th. Keefe, Bruyette & Woods increased their price target on Bank of Marin Bancorp from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. StockNews.com raised Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, Stephens raised Bank of Marin Bancorp from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th.

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.