North Reef Capital Management LP Purchases 148,020 Shares of Bank of Marin Bancorp (NASDAQ:BMRC)

North Reef Capital Management LP increased its position in Bank of Marin Bancorp (NASDAQ:BMRC - Free Report) by 45.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 470,956 shares of the bank's stock after buying an additional 148,020 shares during the period. Bank of Marin Bancorp accounts for approximately 0.5% of North Reef Capital Management LP's investment portfolio, making the stock its 29th biggest holding. North Reef Capital Management LP owned about 2.93% of Bank of Marin Bancorp worth $11,195,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in BMRC. Tower Research Capital LLC TRC raised its holdings in shares of Bank of Marin Bancorp by 157.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,084 shares of the bank's stock worth $26,000 after purchasing an additional 663 shares during the period. First Trust Advisors LP purchased a new position in shares of Bank of Marin Bancorp during the 4th quarter valued at $236,000. Barclays PLC grew its position in shares of Bank of Marin Bancorp by 6.5% during the 4th quarter. Barclays PLC now owns 48,320 shares of the bank's stock valued at $1,149,000 after purchasing an additional 2,950 shares in the last quarter. Kennedy Capital Management LLC grew its position in shares of Bank of Marin Bancorp by 30.9% during the 4th quarter. Kennedy Capital Management LLC now owns 152,267 shares of the bank's stock valued at $3,619,000 after purchasing an additional 35,958 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Bank of Marin Bancorp during the 4th quarter valued at $200,000. Institutional investors and hedge funds own 52.26% of the company's stock.

Bank of Marin Bancorp Price Performance

Bank of Marin Bancorp stock traded down $0.22 during trading hours on Wednesday, reaching $20.78. The company had a trading volume of 28,100 shares, compared to its average volume of 75,664. The company has a 50-day moving average price of $21.95 and a 200 day moving average price of $23.41. The firm has a market cap of $336.70 million, a price-to-earnings ratio of -39.96 and a beta of 0.84. Bank of Marin Bancorp has a 12-month low of $14.11 and a 12-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 the consensus estimate of $0.32 by ($0.02). Bank of Marin Bancorp had a negative net margin of 5.52% and a positive return on equity of 3.33%. The business had revenue of $35.24 million for the quarter, compared to analysts' expectations of $27.99 million. As a group, research analysts expect that Bank of Marin Bancorp will post 1.61 earnings per share for the current year.

Bank of Marin Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 4.81%. Bank of Marin Bancorp's dividend payout ratio (DPR) is presently -192.31%.

Analysts Set New Price Targets

A number of research firms have recently commented on BMRC. Stephens restated an "overweight" rating and set a $26.00 price target on shares of Bank of Marin Bancorp in a research report on Tuesday. StockNews.com raised Bank of Marin Bancorp from a "sell" rating to a "hold" rating in a report on Friday, January 31st.

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.