New York State Common Retirement Fund lifted its holdings in shares of Bank of Marin Bancorp (NASDAQ:BMRC) by 17.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,300 shares of the bank’s stock after purchasing an additional 1,099 shares during the quarter. New York State Common Retirement Fund owned about 0.12% of Bank of Marin Bancorp worth $449,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Context BH Capital Management LP lifted its position in shares of Bank of Marin Bancorp by 3.2% during the second quarter. Context BH Capital Management LP now owns 9,720 shares of the bank’s stock worth $598,000 after purchasing an additional 300 shares in the last quarter. Nationwide Fund Advisors raised its holdings in Bank of Marin Bancorp by 6.9% in the second quarter. Nationwide Fund Advisors now owns 9,482 shares of the bank’s stock valued at $584,000 after acquiring an additional 611 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in Bank of Marin Bancorp in the second quarter valued at approximately $472,000. Teachers Advisors LLC raised its holdings in Bank of Marin Bancorp by 15.8% in the second quarter. Teachers Advisors LLC now owns 10,752 shares of the bank’s stock valued at $662,000 after acquiring an additional 1,464 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Bank of Marin Bancorp by 29.5% in the second quarter. Alliancebernstein L.P. now owns 6,590 shares of the bank’s stock valued at $406,000 after acquiring an additional 1,500 shares in the last quarter. 43.93% of the stock is currently owned by institutional investors and hedge funds.

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Several brokerages recently weighed in on BMRC. Zacks Investment Research raised shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Monday, September 25th. Piper Jaffray Companies set a $68.00 target price on shares of Bank of Marin Bancorp and gave the company a “hold” rating in a report on Sunday, July 30th. DA Davidson reaffirmed a “hold” rating and issued a $72.00 target price on shares of Bank of Marin Bancorp in a report on Tuesday, October 24th. Finally, BidaskClub cut shares of Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $71.80.

Bank of Marin Bancorp (NASDAQ BMRC) opened at $66.60 on Wednesday. The company has a market cap of $410.84, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 1.83 and a beta of 0.80. Bank of Marin Bancorp has a one year low of $59.05 and a one year high of $75.05. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.02.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its quarterly earnings results on Monday, October 23rd. The bank reported $0.83 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. The company had revenue of $20.85 million for the quarter, compared to analyst estimates of $20.71 million. Bank of Marin Bancorp had a net margin of 24.74% and a return on equity of 8.85%. equities research analysts anticipate that Bank of Marin Bancorp will post 3.31 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, November 3rd were paid a $0.29 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $1.16 annualized dividend and a yield of 1.74%. Bank of Marin Bancorp’s dividend payout ratio is currently 34.73%.

Bank of Marin Bancorp Company Profile

Bank of Marin Bancorp (Bancorp) is the holding company for Bank of Marin (the Bank). The Company’s business banking focus is on small to medium-sized businesses, professionals and not-for-profit organizations. As of December 31, 2016, the Company operated through 20 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.

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Institutional Ownership by Quarter for Bank of Marin Bancorp (NASDAQ:BMRC)

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