Stephens Inc. AR Purchases New Position in Bank of Marin Bancorp (NASDAQ:BMRC)

Stephens Inc. AR bought a new stake in shares of Bank of Marin Bancorp (NASDAQ:BMRC - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 11,343 shares of the bank's stock, valued at approximately $250,000. Stephens Inc. AR owned approximately 0.07% of Bank of Marin Bancorp as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Tower Research Capital LLC TRC grew 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 during the period. Golden State Wealth Management LLC boosted its stake in Bank of Marin Bancorp by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 2,000 shares of the bank's stock worth $44,000 after acquiring an additional 1,000 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in Bank of Marin Bancorp by 1.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 100,607 shares of the bank's stock valued at $2,391,000 after purchasing an additional 1,150 shares during the period. Wells Fargo & Company MN raised its holdings in Bank of Marin Bancorp by 8.8% in the fourth quarter. Wells Fargo & Company MN now owns 21,147 shares of the bank's stock worth $503,000 after purchasing an additional 1,714 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Bank of Marin Bancorp by 7.2% during the fourth quarter. Invesco Ltd. now owns 38,506 shares of the bank's stock worth $915,000 after purchasing an additional 2,601 shares in the last quarter. Institutional investors own 52.26% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BMRC shares. Stephens restated an "overweight" rating and set a $26.00 price objective on shares of Bank of Marin Bancorp in a research note on Tuesday, April 29th. Piper Sandler upped their target price on Bank of Marin Bancorp from $21.00 to $25.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Bank of Marin Bancorp from $26.00 to $27.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Bank of Marin Bancorp currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.50.

Bank of Marin Bancorp Trading Down 0.1%

Shares of Bank of Marin Bancorp stock traded down $0.03 on Monday, hitting $24.87. 47,049 shares of the company traded hands, compared to its average volume of 80,899. The company has a market cap of $403.39 million, a P/E ratio of -62.18 and a beta of 0.86. Bank of Marin Bancorp has a 12-month low of $16.97 and a 12-month high of $27.11. The firm's 50-day simple moving average is $22.73 and its 200 day simple moving average is $22.73.

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 the consensus estimate of $0.32 by ($0.02). Bank of Marin Bancorp had a positive return on equity of 3.77% and a negative net margin of 4.20%. The business had revenue of $35.24 million during the quarter, compared to the consensus estimate of $27.99 million. Analysts predict that Bank of Marin Bancorp will post 1.61 earnings per share for the current 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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date was Thursday, May 8th. Bank of Marin Bancorp's payout ratio is -250.00%.

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.