Mutual of America Capital Management LLC Acquires 3,828 Shares of Bank of Marin Bancorp (BMRC)

Mutual of America Capital Management LLC boosted its holdings in shares of Bank of Marin Bancorp (NASDAQ:BMRC) by 5.9% during the 4th quarter, HoldingsChannel reports. The fund owned 68,866 shares of the bank’s stock after purchasing an additional 3,828 shares during the period. Mutual of America Capital Management LLC’s holdings in Bank of Marin Bancorp were worth $4,683,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Schwab Charles Investment Management Inc. raised its position in shares of Bank of Marin Bancorp by 33.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 12,100 shares of the bank’s stock valued at $745,000 after purchasing an additional 3,000 shares during the period. Bank of New York Mellon Corp raised its position in shares of Bank of Marin Bancorp by 2.9% in the second quarter. Bank of New York Mellon Corp now owns 27,473 shares of the bank’s stock valued at $1,691,000 after purchasing an additional 762 shares during the period. Alliancebernstein L.P. raised its position in shares of Bank of Marin Bancorp by 29.5% in the second quarter. Alliancebernstein L.P. now owns 6,590 shares of the bank’s stock valued at $406,000 after purchasing an additional 1,500 shares during the period. Teachers Advisors LLC raised its position in shares of Bank of Marin Bancorp by 15.8% in the second quarter. Teachers Advisors LLC now owns 10,752 shares of the bank’s stock valued at $662,000 after purchasing an additional 1,464 shares during the period. Finally, Ameriprise Financial Inc. bought a new position in shares of Bank of Marin Bancorp in the second quarter valued at approximately $472,000. 41.67% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on BMRC shares. BidaskClub lowered shares of Bank of Marin Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, January 5th. Zacks Investment Research raised shares of Bank of Marin Bancorp from a “hold” rating to a “strong-buy” rating and set a $81.00 price target on the stock in a research report on Wednesday, October 25th. DA Davidson reissued a “hold” rating and issued a $72.00 price target on shares of Bank of Marin Bancorp in a research report on Tuesday, October 24th. Finally, Piper Jaffray Companies reissued 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. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $74.75.

Shares of Bank of Marin Bancorp (NASDAQ BMRC) opened at $66.10 on Tuesday. The stock has a market cap of $474.82, a price-to-earnings ratio of 21.04, a PEG ratio of 1.54 and a beta of 0.76. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.91 and a quick ratio of 0.91. 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 announced its quarterly earnings data on Monday, January 22nd. The bank reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.06). The company had revenue of $22.13 million during the quarter, compared to analyst estimates of $22.10 million. Bank of Marin Bancorp had a return on equity of 8.57% and a net margin of 18.83%. research analysts expect that Bank of Marin Bancorp will post 4.05 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, February 2nd will be paid a $0.29 dividend. The ex-dividend date is Thursday, February 1st. This represents a $1.16 annualized dividend and a dividend yield of 1.75%. Bank of Marin Bancorp’s payout ratio is 44.96%.

In related news, Director Leslie E. Murphy acquired 3,676 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were acquired at an average price of $68.00 per share, for a total transaction of $249,968.00. Following the completion of the purchase, the director now owns 3,936 shares in the company, valued at approximately $267,648. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.17% of the company’s stock.

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Bank of Marin Bancorp Company 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.

Want to see what other hedge funds are holding BMRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of Marin Bancorp (NASDAQ:BMRC).

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

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