Ameriprise Financial Inc. Sells 25,032 Shares of Bank of Marin Bancorp (NASDAQ:BMRC)

Ameriprise Financial Inc. decreased its holdings in Bank of Marin Bancorp (NASDAQ:BMRC - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 296,084 shares of the bank's stock after selling 25,032 shares during the quarter. Ameriprise Financial Inc. owned 1.84% of Bank of Marin Bancorp worth $7,038,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BMRC. SG Americas Securities LLC lifted its position in shares of Bank of Marin Bancorp by 7.1% during 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. Tower Research Capital LLC TRC lifted its position in shares of Bank of Marin Bancorp by 157.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,084 shares of the bank's stock worth $26,000 after buying an additional 663 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Bank of Marin Bancorp by 5.1% during the 4th quarter. Empowered Funds LLC now owns 23,794 shares of the bank's stock worth $566,000 after buying an additional 1,150 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Bank of Marin Bancorp by 6.9% during the 4th quarter. Rhumbline Advisers now owns 25,183 shares of the bank's stock worth $599,000 after buying an additional 1,621 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Bank of Marin Bancorp by 8.8% during the 4th quarter. Wells Fargo & Company MN now owns 21,147 shares of the bank's stock worth $503,000 after buying an additional 1,714 shares in the last quarter. Institutional investors own 52.26% of the company's stock.

Bank of Marin Bancorp Stock Down 1.1%

Shares of BMRC stock opened at $20.71 on Friday. The company has a 50 day moving average of $21.16 and a 200-day moving average of $23.29. Bank of Marin Bancorp has a 12-month low of $14.44 and a 12-month high of $27.11. The firm has a market cap of $335.83 million, a P/E ratio of -39.83 and a beta of 0.84.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The bank reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). Bank of Marin Bancorp had a positive return on equity of 3.33% and a negative net margin of 5.52%. The company had revenue of $35.24 million for the quarter, compared to analysts' expectations of $27.99 million. As a group, equities analysts expect that Bank of Marin Bancorp will post 1.61 EPS for the current year.

Bank of Marin Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 4.83%. Bank of Marin Bancorp's payout ratio is currently -250.00%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wall Street Zen raised shares of Bank of Marin Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Stephens reissued an "overweight" rating and set a $26.00 target price on shares of Bank of Marin Bancorp in a research report on Tuesday, April 29th.

Bank of Marin Bancorp Company 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.

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