8,428 Shares in Bank of Marin Bancorp (NASDAQ:BMRC) Purchased by Wulff Hansen & CO.

Wulff Hansen & CO. purchased a new position in Bank of Marin Bancorp (NASDAQ:BMRC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,428 shares of the bank’s stock, valued at approximately $200,000. Wulff Hansen & CO. owned approximately 0.05% of Bank of Marin Bancorp at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BMRC. Quantbot Technologies LP bought a new position in Bank of Marin Bancorp during the 3rd quarter valued at about $74,000. SG Americas Securities LLC lifted its stake in 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 valued at $155,000 after acquiring an additional 430 shares during the period. Raymond James Financial Inc. bought a new position in Bank of Marin Bancorp during the 4th quarter valued at about $200,000. Ballentine Partners LLC bought a new position in Bank of Marin Bancorp during the 4th quarter valued at about $214,000. Finally, Angel Oak Capital Advisors LLC bought a new position in Bank of Marin Bancorp during the 4th quarter valued at about $214,000. Institutional investors own 52.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods upped their target price on shares of Bank of Marin Bancorp from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Stephens reaffirmed an “overweight” rating and set a $30.00 price target on shares of Bank of Marin Bancorp in a research report on Wednesday, January 29th. Finally, StockNews.com raised shares of Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, January 31st.

Bank of Marin Bancorp Stock Up 0.2 %

NASDAQ BMRC opened at $22.40 on Wednesday. Bank of Marin Bancorp has a 52 week low of $14.11 and a 52 week high of $27.11. The firm has a market capitalization of $361.02 million, a P/E ratio of -43.08 and a beta of 0.91. The company has a 50-day moving average price of $24.00 and a 200-day moving average price of $23.29.

Bank of Marin Bancorp (NASDAQ:BMRC) last released its earnings results on Monday, January 27th. The bank reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.06. Bank of Marin Bancorp had a negative net margin of 5.52% and a positive return on equity of 3.33%. During the same period last year, the business posted $0.04 earnings per share. As a group, equities research analysts anticipate that Bank of Marin Bancorp will post 1.61 EPS for the current year.

Bank of Marin Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Thursday, February 6th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend was Thursday, February 6th. Bank of Marin Bancorp’s dividend payout ratio is -192.31%.

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.