Dimensional Fund Advisors LP Purchases 32,048 Shares of Bank of Marin Bancorp $BMRC

Dimensional Fund Advisors LP grew its position in shares of Bank of Marin Bancorp (NASDAQ:BMRC) by 4.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 802,865 shares of the bank’s stock after buying an additional 32,048 shares during the period. Dimensional Fund Advisors LP’s holdings in Bank of Marin Bancorp were worth $20,577,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BMRC. Wellington Management Group LLP increased its holdings in Bank of Marin Bancorp by 268.7% in the 3rd quarter. Wellington Management Group LLP now owns 943,534 shares of the bank’s stock worth $22,909,000 after acquiring an additional 687,615 shares during the last quarter. Heartland Advisors Inc. purchased a new stake in Bank of Marin Bancorp during the fourth quarter valued at about $5,191,000. Hotchkis & Wiley Capital Management LLC lifted its holdings in Bank of Marin Bancorp by 85.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 273,266 shares of the bank’s stock valued at $6,635,000 after purchasing an additional 125,816 shares during the last quarter. UBS Group AG boosted its position in Bank of Marin Bancorp by 143.9% during the third quarter. UBS Group AG now owns 166,615 shares of the bank’s stock worth $4,045,000 after purchasing an additional 98,311 shares during the period. Finally, Bank of Marin boosted its position in Bank of Marin Bancorp by 364.7% during the fourth quarter. Bank of Marin now owns 104,046 shares of the bank’s stock worth $2,706,000 after purchasing an additional 81,656 shares during the period. Institutional investors own 52.26% of the company’s stock.

Bank of Marin Bancorp Trading Down 1.4%

Shares of BMRC opened at $28.73 on Friday. Bank of Marin Bancorp has a twelve month low of $21.77 and a twelve month high of $30.92. The stock has a market cap of $465.14 million, a PE ratio of -31.57 and a beta of 0.79. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.11. The business’s 50-day moving average price is $27.56 and its 200-day moving average price is $26.53.

Bank of Marin Bancorp (NASDAQ:BMRC) last released its quarterly earnings data on Monday, July 27th. The bank reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. Bank of Marin Bancorp had a negative net margin of 7.98% and a positive return on equity of 8.44%. The company had revenue of $33.95 million during the quarter, compared to analyst estimates of $34.02 million. On average, equities analysts forecast that Bank of Marin Bancorp will post 2.31 EPS for the current fiscal year.

Bank of Marin Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, August 6th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Thursday, August 6th. Bank of Marin Bancorp’s dividend payout ratio is currently -109.89%.

Analyst Ratings Changes

BMRC has been the subject of several recent research reports. Stephens set a $30.00 target price on shares of Bank of Marin Bancorp and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. Wall Street Zen raised shares of Bank of Marin Bancorp from a “strong sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings raised shares of Bank of Marin Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 29th. DA Davidson set a $34.00 target price on Bank of Marin Bancorp and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Finally, Keefe, Bruyette & Woods raised their price target on Bank of Marin Bancorp from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $31.50.

Bank of Marin Bancorp Company Profile

Bank of Marin Bancorp is the bank holding company for Bank of Marin, a community-oriented financial institution headquartered in Novato, California. Through its subsidiary, the company provides a broad range of banking services to individuals, small and medium-sized businesses, and nonprofit organizations. Its operating philosophy emphasizes personalized service and strong local relationships across the San Francisco North Bay region.

The company’s core product offerings include deposit accounts such as checking, savings, money market and time certificates of deposit.