Angel Oak Capital Advisors LLC Makes New $214,000 Investment in Bank of Marin Bancorp (NASDAQ:BMRC)

Angel Oak Capital Advisors LLC acquired a new position in shares of 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 institutional investor acquired 9,000 shares of the bank’s stock, valued at approximately $214,000. Bank of Marin Bancorp makes up 0.3% of Angel Oak Capital Advisors LLC’s investment portfolio, making the stock its 27th largest holding. Angel Oak Capital Advisors LLC owned 0.06% of Bank of Marin Bancorp at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. SG Americas Securities LLC lifted its position in shares of Bank of Marin Bancorp by 7.1% in the fourth quarter. SG Americas Securities LLC now owns 6,509 shares of the bank’s stock valued at $155,000 after buying an additional 430 shares during the last quarter. Empowered Funds LLC raised its position in shares of Bank of Marin Bancorp by 5.0% in the third quarter. Empowered Funds LLC now owns 22,644 shares of the bank’s stock valued at $455,000 after purchasing an additional 1,072 shares during the period. Rhumbline Advisers boosted its stake in shares of Bank of Marin Bancorp by 6.9% in the fourth quarter. Rhumbline Advisers now owns 25,183 shares of the bank’s stock valued at $599,000 after buying an additional 1,621 shares during the period. JPMorgan Chase & Co. grew its position in Bank of Marin Bancorp by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 15,662 shares of the bank’s stock worth $315,000 after buying an additional 2,469 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Bank of Marin Bancorp by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 121,986 shares of the bank’s stock valued at $2,451,000 after acquiring an additional 2,842 shares during the period. Institutional investors and hedge funds own 52.26% of the company’s stock.

Bank of Marin Bancorp Trading Up 1.7 %

Shares of BMRC stock opened at $25.01 on Tuesday. Bank of Marin Bancorp has a 1-year low of $14.11 and a 1-year high of $27.11. The stock has a market cap of $402.16 million, a price-to-earnings ratio of -48.10 and a beta of 0.94. The stock has a 50-day moving average of $24.11 and a 200-day moving average of $22.59.

Bank of Marin Bancorp (NASDAQ:BMRC) last released its earnings results on Monday, January 27th. The bank reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm posted $0.04 earnings per share. Sell-side analysts forecast that Bank of Marin Bancorp will post 1.61 earnings per share 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. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 4.00%. Bank of Marin Bancorp’s payout ratio is -192.30%.

Wall Street Analyst Weigh In

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

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.