238,952 Shares in Bank of Marin Bancorp (NASDAQ:BMRC) Purchased by Elizabeth Park Capital Advisors Ltd.

Elizabeth Park Capital Advisors Ltd. acquired a new position in shares of Bank of Marin Bancorp (NASDAQ:BMRC - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 238,952 shares of the bank's stock, valued at approximately $5,680,000. Bank of Marin Bancorp makes up about 4.6% of Elizabeth Park Capital Advisors Ltd.'s portfolio, making the stock its 2nd largest position. Elizabeth Park Capital Advisors Ltd. owned approximately 1.49% of Bank of Marin Bancorp as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in Bank of Marin Bancorp during the third quarter valued at $74,000. SG Americas Securities LLC grew its stake in shares of Bank of Marin Bancorp by 7.1% in the 4th quarter. SG Americas Securities LLC now owns 6,509 shares of the bank's stock worth $155,000 after buying an additional 430 shares in the last quarter. Wulff Hansen & CO. bought a new stake in shares of Bank of Marin Bancorp in the 4th quarter worth about $200,000. Raymond James Financial Inc. purchased a new stake in shares of Bank of Marin Bancorp during the 4th quarter valued at about $200,000. Finally, Angel Oak Capital Advisors LLC bought a new position in shares of Bank of Marin Bancorp in the 4th quarter valued at about $214,000. 52.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BMRC. StockNews.com raised Bank of Marin Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Stephens reiterated an "overweight" rating and issued a $30.00 target price on shares of Bank of Marin Bancorp in a report on Wednesday, January 29th.

Bank of Marin Bancorp Price Performance

Shares of Bank of Marin Bancorp stock traded down $0.18 during trading on Friday, hitting $19.47. The stock had a trading volume of 17,997 shares, compared to its average volume of 74,622. Bank of Marin Bancorp has a 12 month low of $14.11 and a 12 month high of $27.11. The firm's fifty day simple moving average is $23.11 and its 200-day simple moving average is $23.37. The stock has a market cap of $313.73 million, a PE ratio of -37.21 and a beta of 0.84.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The bank reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.06. Bank of Marin Bancorp had a negative net margin of 5.52% and a positive return on equity of 3.33%. During the same period in the prior year, the company earned $0.04 earnings per share. Analysts expect that Bank of Marin Bancorp will post 1.61 earnings per share for the current fiscal year.

Bank of Marin Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Thursday, February 6th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend was Thursday, February 6th. Bank of Marin Bancorp's dividend payout ratio is currently -192.31%.

Bank of Marin Bancorp 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.