Bank of Marin Bancorp (NASDAQ:BMRC – Get Free Report) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 698,800 shares, a decrease of 8.3% from the August 15th total of 761,900 shares. Based on an average daily trading volume, of 81,600 shares, the short-interest ratio is presently 8.6 days.
Institutional Investors Weigh In On Bank of Marin Bancorp
Hedge funds have recently modified their holdings of the business. Osterweis Capital Management Inc. acquired a new stake in shares of Bank of Marin Bancorp in the fourth quarter valued at about $28,000. Lazard Asset Management LLC acquired a new stake in shares of Bank of Marin Bancorp in the fourth quarter valued at about $29,000. Signaturefd LLC raised its position in shares of Bank of Marin Bancorp by 738.7% in the first quarter. Signaturefd LLC now owns 1,451 shares of the bank’s stock valued at $32,000 after buying an additional 1,278 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Bank of Marin Bancorp by 642.7% in the first quarter. Tower Research Capital LLC TRC now owns 1,723 shares of the bank’s stock valued at $38,000 after buying an additional 1,491 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of Bank of Marin Bancorp by 44.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,852 shares of the bank’s stock valued at $61,000 after buying an additional 568 shares during the last quarter. 55.17% of the stock is currently owned by institutional investors and hedge funds.
Bank of Marin Bancorp Price Performance
BMRC opened at $18.58 on Tuesday. The company has a market cap of $299.51 million, a price-to-earnings ratio of 7.61 and a beta of 0.74. Bank of Marin Bancorp has a 52-week low of $12.89 and a 52-week high of $36.78. The firm’s fifty day simple moving average is $19.66 and its two-hundred day simple moving average is $19.71.
Bank of Marin Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Friday, August 4th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date of this dividend was Thursday, August 3rd. Bank of Marin Bancorp’s dividend payout ratio (DPR) is 40.98%.
Analyst Ratings Changes
A number of analysts recently issued reports on BMRC shares. DA Davidson increased their price target on shares of Bank of Marin Bancorp from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, July 25th. Stephens increased their price target on shares of Bank of Marin Bancorp from $18.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, July 28th. Keefe, Bruyette & Woods lowered their price target on shares of Bank of Marin Bancorp from $25.00 to $23.00 and set an “outperform” rating on the stock in a report on Tuesday, July 25th. Finally, StockNews.com initiated coverage on shares of Bank of Marin Bancorp in a report on Thursday, August 17th. They set a “sell” rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $26.80.
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.
- Five stocks we like better than Bank of Marin Bancorp
- How to Invest in Music Stocks
- 2 Beauty Stocks Beaten By the Ugly Stick But Ready to Rally
- How to Invest in Growth Stocks
- Got Nuclear? Three Stocks To Play Energy’s Next Frontier
- What to Know About Investing in Penny Stocks
- The Top 4 Utilities for Value, Yield, and Upside Potential
Receive News & Ratings for Bank of Marin Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Marin Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.