RBF Capital LLC held its stake in Bank of Marin Bancorp (NASDAQ:BMRC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,046 shares of the bank’s stock at the end of the first quarter. RBF Capital LLC owned about 0.08% of Bank of Marin Bancorp worth $325,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new stake in Bank of Marin Bancorp during the first quarter worth $4,623,000. Vanguard Group Inc. raised its stake in 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 buying an additional 36,024 shares during the period. State Street Corp raised its stake in Bank of Marin Bancorp by 13.7% in the fourth quarter. State Street Corp now owns 112,543 shares of the bank’s stock worth $7,850,000 after buying an additional 13,526 shares during the period. Oxford Asset Management acquired a new stake in Bank of Marin Bancorp during the first quarter worth $842,000. Finally, Renaissance Technologies LLC raised its stake 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. 41.89% of the stock is owned by institutional investors.
Bank of Marin Bancorp (NASDAQ:BMRC) opened at 62.70 on Tuesday. The stock’s 50 day moving average is $62.12 and its 200 day moving average is $66.20. Bank of Marin Bancorp has a 12-month low of $48.50 and a 12-month high of $75.05. The firm has a market cap of $381.97 million, a P/E ratio of 17.47 and a beta of 0.88.
Bank of Marin Bancorp (NASDAQ:BMRC) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $20.17 million. Bank of Marin Bancorp had a net margin of 26.43% and a return on equity of 9.54%. On average, equities research analysts expect that Bank of Marin Bancorp will post $3.22 EPS for the current year.
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BMRC has been the subject of a number of research reports. Zacks Investment Research lowered shares of Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, April 27th. ValuEngine raised shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. Piper Jaffray Companies decreased their price target on shares of Bank of Marin Bancorp from $70.00 to $69.00 and set a “neutral” rating for the company in a research report on Monday, April 17th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $68.00 price target on shares of Bank of Marin Bancorp in a research report on Wednesday, June 28th. Finally, BidaskClub raised shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $71.00.
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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