Dimensional Fund Advisors LP Has $20.58 Million Holdings in Bank of Marin Bancorp $BMRC

Dimensional Fund Advisors LP grew its position in shares of Bank of Marin Bancorp (NASDAQ:BMRC) by 4.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 802,865 shares of the bank’s stock after acquiring an additional 32,048 shares during the quarter. Dimensional Fund Advisors LP owned about 4.96% of Bank of Marin Bancorp worth $20,577,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Torren Management LLC bought a new stake in Bank of Marin Bancorp during the 4th quarter valued at $31,000. Russell Investments Group Ltd. raised its holdings in Bank of Marin Bancorp by 2,543.8% during the third quarter. Russell Investments Group Ltd. now owns 1,269 shares of the bank’s stock worth $31,000 after buying an additional 1,221 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of Bank of Marin Bancorp by 33.6% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,507 shares of the bank’s stock valued at $39,000 after buying an additional 379 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Bank of Marin Bancorp by 124.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,875 shares of the bank’s stock valued at $43,000 after buying an additional 1,040 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of Bank of Marin Bancorp by 17.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,753 shares of the bank’s stock valued at $72,000 after buying an additional 407 shares during the last quarter. 52.26% of the stock is owned by institutional investors and hedge funds.

Bank of Marin Bancorp Stock Performance

Shares of BMRC opened at $28.73 on Friday. The stock has a 50 day moving average of $27.56 and a 200 day moving average of $26.53. The company has a market capitalization of $465.14 million, a price-to-earnings ratio of -31.57 and a beta of 0.79. Bank of Marin Bancorp has a 12 month low of $21.77 and a 12 month high of $30.92. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.11.

Bank of Marin Bancorp (NASDAQ:BMRC) last released its earnings results on Monday, July 27th. The bank reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.06. The company had revenue of $33.95 million for the quarter, compared to analysts’ expectations of $34.02 million. Bank of Marin Bancorp had a positive return on equity of 8.44% and a negative net margin of 7.98%. As a group, sell-side analysts forecast that Bank of Marin Bancorp will post 2.31 earnings per share for the current year.

Bank of Marin Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend 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 Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Brean Capital lowered shares of Bank of Marin Bancorp from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a report on Tuesday, July 28th. Piper Sandler reiterated a “neutral” rating and set a $30.00 price target (up from $28.00) on shares of Bank of Marin Bancorp in a report on Friday, July 31st. Wall Street Zen raised Bank of Marin Bancorp from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research upgraded Bank of Marin Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Finally, 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. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Bank of Marin Bancorp has a consensus rating of “Hold” and an average price target of $31.50.

Bank of Marin Bancorp 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.