Bank of Marin Bancorp (BMRC) Holdings Raised by Northern Trust Corp

Northern Trust Corp grew its holdings in Bank of Marin Bancorp (NASDAQ:BMRC) by 6.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,886 shares of the bank’s stock after acquiring an additional 5,300 shares during the quarter. Northern Trust Corp owned 1.45% of Bank of Marin Bancorp worth $5,471,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in BMRC. Bank of New York Mellon Corp increased its holdings in shares of Bank of Marin Bancorp by 6.2% in the first quarter. Bank of New York Mellon Corp now owns 26,711 shares of the bank’s stock worth $1,719,000 after acquiring an additional 1,561 shares in the last quarter. American International Group Inc. increased its holdings in shares of Bank of Marin Bancorp by 7.0% in the first quarter. American International Group Inc. now owns 3,670 shares of the bank’s stock worth $236,000 after acquiring an additional 240 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Bank of Marin Bancorp by 20.3% in the first quarter. Vanguard Group Inc. now owns 213,212 shares of the bank’s stock worth $13,720,000 after acquiring an additional 36,024 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Bank of Marin Bancorp by 4.3% in the first quarter. Geode Capital Management LLC now owns 42,465 shares of the bank’s stock worth $2,732,000 after acquiring an additional 1,753 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Bank of Marin Bancorp by 5.2% in the first quarter. Dimensional Fund Advisors LP now owns 65,783 shares of the bank’s stock worth $4,233,000 after acquiring an additional 3,230 shares in the last quarter. Institutional investors own 43.93% of the company’s stock.

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Several equities research analysts have issued reports on BMRC shares. Zacks Investment Research upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a report on Monday, September 25th. BidaskClub downgraded Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. DA Davidson restated a “hold” rating and issued a $72.00 price target on shares of Bank of Marin Bancorp in a report on Tuesday, October 24th. Finally, Piper Jaffray Companies set a $68.00 price target on Bank of Marin Bancorp and gave the stock a “hold” rating in a report on Sunday, July 30th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Bank of Marin Bancorp currently has an average rating of “Hold” and an average price target of $71.80.

Bank of Marin Bancorp (NASDAQ:BMRC) opened at $67.95 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $411.45, a PE ratio of 19.65, a P/E/G ratio of 1.83 and a beta of 0.80. Bank of Marin Bancorp has a fifty-two week low of $59.05 and a fifty-two week high of $75.05.

Bank of Marin Bancorp (NASDAQ:BMRC) last posted its quarterly earnings data on Monday, October 23rd. The bank reported $0.83 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.83. The business had revenue of $20.85 million during the quarter, compared to the consensus estimate of $20.71 million. Bank of Marin Bancorp had a return on equity of 8.85% and a net margin of 24.74%. analysts anticipate that Bank of Marin Bancorp will post 3.31 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Friday, November 3rd were issued a dividend of $0.29 per share. The ex-dividend date was Thursday, November 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.71%. Bank of Marin Bancorp’s payout ratio is presently 34.73%.

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.

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

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