Bank of Marin Bancorp (BMRC) Holdings Boosted by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. raised its position in Bank of Marin Bancorp (NASDAQ:BMRC) by 125.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,511 shares of the bank’s stock after buying an additional 3,070 shares during the period. Ladenburg Thalmann Financial Services Inc. owned 0.08% of Bank of Marin Bancorp worth $375,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Bank of Marin Bancorp by 12.3% in the fourth quarter. BlackRock Inc. now owns 525,495 shares of the bank’s stock worth $35,733,000 after acquiring an additional 57,520 shares during the last quarter. Banc Funds Co. LLC raised its stake in shares of Bank of Marin Bancorp by 24.4% in the fourth quarter. Banc Funds Co. LLC now owns 183,304 shares of the bank’s stock worth $12,465,000 after acquiring an additional 35,939 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Bank of Marin Bancorp by 37.4% in the third quarter. Dimensional Fund Advisors LP now owns 111,831 shares of the bank’s stock worth $7,660,000 after acquiring an additional 30,461 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Bank of Marin Bancorp in the fourth quarter worth about $1,170,000. Finally, Systematic Financial Management LP bought a new position in shares of Bank of Marin Bancorp in the fourth quarter worth about $1,087,000. Hedge funds and other institutional investors own 42.57% of the company’s stock.

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BMRC opened at $69.35 on Monday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.02. The company has a market cap of $483.40, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 1.56 and a beta of 0.70. Bank of Marin Bancorp has a fifty-two week low of $59.05 and a fifty-two week high of $77.90.

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

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

In related news, CEO Russell A. Colombo sold 911 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $68.00, for a total transaction of $61,948.00. Following the completion of the sale, the chief executive officer now directly owns 26,133 shares of the company’s stock, valued at $1,777,044. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.17% of the company’s stock.

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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. 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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