Kennedy Capital Management LLC Acquires 35,958 Shares of Bank of Marin Bancorp (NASDAQ:BMRC)

Kennedy Capital Management LLC boosted its holdings in shares of Bank of Marin Bancorp (NASDAQ:BMRC) by 30.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 152,267 shares of the bank’s stock after purchasing an additional 35,958 shares during the quarter. Kennedy Capital Management LLC’s holdings in Bank of Marin Bancorp were worth $3,619,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its holdings in shares of Bank of Marin Bancorp by 7.1% during the fourth quarter. SG Americas Securities LLC now owns 6,509 shares of the bank’s stock worth $155,000 after buying an additional 430 shares during the last quarter. Wulff Hansen & CO. bought a new stake in Bank of Marin Bancorp in the 4th quarter valued at $200,000. Raymond James Financial Inc. bought a new stake in Bank of Marin Bancorp in the 4th quarter valued at $200,000. Ballentine Partners LLC acquired a new stake in Bank of Marin Bancorp in the 4th quarter worth $214,000. Finally, Angel Oak Capital Advisors LLC bought a new position in shares of Bank of Marin Bancorp during the 4th quarter worth about $214,000. Institutional investors own 52.26% of the company’s stock.

Bank of Marin Bancorp Stock Performance

Shares of Bank of Marin Bancorp stock opened at $19.85 on Friday. Bank of Marin Bancorp has a twelve month low of $14.11 and a twelve month high of $27.11. The firm has a market cap of $319.92 million, a P/E ratio of -38.17 and a beta of 0.84. The firm’s 50-day simple moving average is $23.01 and its 200-day simple moving average is $23.37.

Bank of Marin Bancorp (NASDAQ:BMRC) last released its quarterly earnings data on Monday, January 27th. The bank reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.06. Bank of Marin Bancorp had a positive return on equity of 3.33% and a negative net margin of 5.52%. During the same period last year, the company posted $0.04 EPS. On average, equities analysts forecast that Bank of Marin Bancorp will post 1.61 earnings per share for the current fiscal year.

Bank of Marin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Thursday, February 6th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 5.04%. Bank of Marin Bancorp’s dividend payout ratio is currently -192.31%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BMRC shares. StockNews.com upgraded shares of Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Stephens reissued an “overweight” rating and set a $30.00 price objective on shares of Bank of Marin Bancorp in a report on Wednesday, January 29th.

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.