Bank of Marin Bancorp (NASDAQ:BMRC) Stock Position Reduced by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC trimmed its position in Bank of Marin Bancorp (NASDAQ:BMRC) by 56.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,457 shares of the bank’s stock after selling 3,146 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Bank of Marin Bancorp were worth $54,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in BMRC. SG Americas Securities LLC acquired a new stake in shares of Bank of Marin Bancorp during the third quarter worth $130,000. Wealthspire Advisors LLC acquired a new position in Bank of Marin Bancorp in the fourth quarter valued at approximately $355,000. BNP Paribas Financial Markets grew its holdings in shares of Bank of Marin Bancorp by 38.6% during the fourth quarter. BNP Paribas Financial Markets now owns 17,102 shares of the bank’s stock valued at $377,000 after purchasing an additional 4,762 shares during the last quarter. Cerity Partners LLC acquired a new stake in shares of Bank of Marin Bancorp during the 4th quarter worth approximately $430,000. Finally, Trexquant Investment LP bought a new stake in shares of Bank of Marin Bancorp in the 4th quarter worth approximately $432,000. 52.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Stephens lowered their price objective on Bank of Marin Bancorp from $24.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 30th. DA Davidson lowered their price target on shares of Bank of Marin Bancorp from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 30th.

Bank of Marin Bancorp Stock Down 6.5 %

BMRC stock traded down $1.00 during trading on Monday, reaching $14.44. 176,927 shares of the company’s stock were exchanged, compared to its average volume of 64,828. Bank of Marin Bancorp has a 1-year low of $12.89 and a 1-year high of $23.24. The firm has a market cap of $235.33 million, a PE ratio of 11.65 and a beta of 0.85. The company’s fifty day moving average price is $16.16 and its 200-day moving average price is $18.33.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its quarterly earnings data on Monday, January 29th. The bank reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The company had revenue of $20.98 million for the quarter, compared to the consensus estimate of $27.50 million. Bank of Marin Bancorp had a net margin of 13.77% and a return on equity of 5.63%. As a group, sell-side analysts expect that Bank of Marin Bancorp will post 1.23 earnings per share for the current fiscal year.

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.