GAMMA Investing LLC Buys 13,212 Shares of Bank of Marin Bancorp (NASDAQ:BMRC)

GAMMA Investing LLC grew its position in Bank of Marin Bancorp (NASDAQ:BMRC - Free Report) by 6,382.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,419 shares of the bank's stock after buying an additional 13,212 shares during the quarter. GAMMA Investing LLC owned approximately 0.08% of Bank of Marin Bancorp worth $296,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Elizabeth Park Capital Advisors Ltd. purchased a new stake in shares of Bank of Marin Bancorp in the fourth quarter valued at $5,680,000. Prudential Financial Inc. increased its holdings in shares of Bank of Marin Bancorp by 92.7% in the 4th quarter. Prudential Financial Inc. now owns 96,757 shares of the bank's stock valued at $2,300,000 after purchasing an additional 46,536 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Bank of Marin Bancorp in the fourth quarter worth approximately $1,374,000. Alliancebernstein L.P. boosted its holdings in shares of Bank of Marin Bancorp by 6.3% during the fourth quarter. Alliancebernstein L.P. now owns 655,514 shares of the bank's stock worth $15,582,000 after purchasing an additional 38,934 shares during the period. Finally, Invesco Ltd. grew its position in Bank of Marin Bancorp by 7.2% during the fourth quarter. Invesco Ltd. now owns 38,506 shares of the bank's stock valued at $915,000 after purchasing an additional 2,601 shares in the last quarter. Institutional investors and hedge funds own 52.26% of the company's stock.

Analyst Ratings Changes

Separately, Stephens reiterated an "overweight" rating and issued a $26.00 target price on shares of Bank of Marin Bancorp in a research report on Tuesday, April 29th.

Bank of Marin Bancorp Stock Performance

Shares of Bank of Marin Bancorp stock traded up $0.24 during trading on Tuesday, hitting $22.32. 54,176 shares of the stock traded hands, compared to its average volume of 82,533. The stock has a market cap of $362.03 million, a P/E ratio of -55.80 and a beta of 0.85. The company has a fifty day moving average price of $21.28 and a two-hundred day moving average price of $22.65. Bank of Marin Bancorp has a twelve month low of $14.44 and a twelve month high of $27.11.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last posted its earnings results on Monday, April 28th. The bank reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). Bank of Marin Bancorp had a negative net margin of 4.20% and a positive return on equity of 3.77%. The business had revenue of $35.24 million during the quarter, compared to analyst estimates of $27.99 million. On average, equities research analysts expect that Bank of Marin Bancorp will post 1.61 EPS for the current fiscal year.

Bank of Marin Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.48%. The ex-dividend date was Thursday, May 8th. Bank of Marin Bancorp's payout ratio is -250.00%.

About Bank of Marin Bancorp

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.