Renaissance Technologies LLC Sells 52,987 Shares of Bank of Marin Bancorp (NASDAQ:BMRC)

Renaissance Technologies LLC trimmed its position in shares of Bank of Marin Bancorp (NASDAQ:BMRC - Free Report) by 33.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,492 shares of the bank's stock after selling 52,987 shares during the period. Renaissance Technologies LLC owned approximately 0.67% of Bank of Marin Bancorp worth $2,555,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. 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 purchasing an additional 430 shares during the last quarter. Wulff Hansen & CO. bought a new stake in shares of Bank of Marin Bancorp in the fourth quarter valued at approximately $200,000. Raymond James Financial Inc. acquired a new stake in shares of Bank of Marin Bancorp in the fourth quarter worth $200,000. Angel Oak Capital Advisors LLC bought a new position in Bank of Marin Bancorp during the fourth quarter worth $214,000. Finally, Ballentine Partners LLC acquired a new position in Bank of Marin Bancorp during the 4th quarter valued at $214,000. 52.26% of the stock is currently owned by institutional investors.

Bank of Marin Bancorp Price Performance

Shares of Bank of Marin Bancorp stock traded down $0.48 during trading on Wednesday, hitting $20.52. 73,911 shares of the company's stock traded hands, compared to its average volume of 75,675. The company has a market cap of $332.49 million, a PE ratio of -39.46 and a beta of 0.84. The firm's fifty day moving average price is $21.86 and its 200 day moving average price is $23.39. 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 released its quarterly earnings data on Monday, April 28th. The bank reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). The company had revenue of $35.24 million for the quarter, compared to analyst estimates of $27.99 million. Bank of Marin Bancorp had a negative net margin of 5.52% and a positive return on equity of 3.33%. As a group, equities research analysts anticipate that Bank of Marin Bancorp will post 1.61 earnings per share for the current year.

Bank of Marin Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.87%. Bank of Marin Bancorp's payout ratio is -192.31%.

Analyst Ratings Changes

Several research analysts have recently issued reports on BMRC shares. StockNews.com upgraded shares of Bank of Marin Bancorp from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Stephens restated an "overweight" rating and set a $26.00 price target on shares of Bank of Marin Bancorp in a research note on Tuesday.

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.