Bank of Marin Bancorp (BMRC) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in Bank of Marin Bancorp (NASDAQ:BMRC) by 6.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,706 shares of the bank’s stock after selling 1,767 shares during the period. Bank of New York Mellon Corp’s holdings in Bank of Marin Bancorp were worth $1,761,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Aperio Group LLC bought a new stake in Bank of Marin Bancorp in the third quarter valued at approximately $205,000. Cornerstone Capital Management Holdings LLC. raised its stake in Bank of Marin Bancorp by 42.8% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 4,673 shares of the bank’s stock valued at $286,000 after buying an additional 1,400 shares during the period. PDT Partners LLC bought a new stake in Bank of Marin Bancorp in the second quarter valued at approximately $357,000. Alliancebernstein L.P. raised its stake in Bank of Marin Bancorp by 29.5% in the second quarter. Alliancebernstein L.P. now owns 6,590 shares of the bank’s stock valued at $406,000 after buying an additional 1,500 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in Bank of Marin Bancorp in the second quarter valued at approximately $413,000. Hedge funds and other institutional investors own 45.95% of the company’s stock.

Several research firms have issued reports on BMRC. ValuEngine upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. BidaskClub lowered Bank of Marin Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, January 5th. Piper Jaffray Companies restated a “hold” rating and issued a $75.00 price objective on shares of Bank of Marin Bancorp in a research note on Tuesday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $74.00 price objective on shares of Bank of Marin Bancorp in a research note on Friday, December 22nd. Finally, Zacks Investment Research upgraded Bank of Marin Bancorp from a “hold” rating to a “strong-buy” rating and set a $81.00 price objective on the stock in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Bank of Marin Bancorp has an average rating of “Hold” and a consensus target price of $73.80.

Bank of Marin Bancorp (NASDAQ BMRC) opened at $68.85 on Wednesday. The firm has a market capitalization of $419.18, a P/E ratio of 20.61, a PEG ratio of 1.67 and a beta of 0.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.91 and a current ratio of 0.91. Bank of Marin Bancorp has a 52 week low of $59.05 and a 52 week high of $77.90.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its earnings results on Monday, October 23rd. The bank reported $0.83 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.83. The company had revenue of $20.85 million for the quarter, compared to analyst estimates of $20.71 million. Bank of Marin Bancorp had a return on equity of 8.85% and a net margin of 24.74%. research analysts expect that Bank of Marin Bancorp will post 3.27 EPS for the current year.

In other news, Director Leslie E. Murphy bought 3,676 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were bought at an average price of $68.00 per share, for a total transaction of $249,968.00. Following the completion of the purchase, the director now owns 3,936 shares in the company, valued at $267,648. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.17% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another website, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The original version of this piece of content can be read at https://www.com-unik.info/2018/01/10/bank-of-marin-bancorp-bmrc-shares-sold-by-bank-of-new-york-mellon-corp.html.

Bank of Marin Bancorp Company Profile

Bank of Marin Bancorp (Bancorp) is the holding company for Bank of Marin (the Bank). The Company’s business banking focus is on small to medium-sized businesses, professionals and not-for-profit organizations. The Company operates through 23 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.

Want to see what other hedge funds are holding BMRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of Marin Bancorp (NASDAQ:BMRC).

Institutional Ownership by Quarter for Bank of Marin Bancorp (NASDAQ:BMRC)

Receive News & Ratings for Bank of Marin Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Marin Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit