Bank of Marin Bancorp (NASDAQ:BMRC) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lessened its holdings in shares of Bank of Marin Bancorp (NASDAQ:BMRC) by 56.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor 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 SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in Bank of Marin Bancorp during the 3rd quarter worth about $130,000. Rosenthal Henry Capital Advisors Inc. increased its stake in shares of Bank of Marin Bancorp by 135.1% during the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 43,500 shares of the bank’s stock worth $795,000 after buying an additional 25,000 shares during the period. Barclays PLC increased its stake in shares of Bank of Marin Bancorp by 7.7% during the third quarter. Barclays PLC now owns 23,605 shares of the bank’s stock worth $432,000 after buying an additional 1,683 shares during the period. Mutual of America Capital Management LLC raised its holdings in Bank of Marin Bancorp by 2.5% in the third quarter. Mutual of America Capital Management LLC now owns 75,776 shares of the bank’s stock valued at $1,385,000 after acquiring an additional 1,879 shares in the last quarter. Finally, North Reef Capital Management LP purchased a new position in Bank of Marin Bancorp in the third quarter worth approximately $1,005,000. Hedge funds and other institutional investors own 52.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BMRC. Stephens reduced their price objective on shares of Bank of Marin Bancorp from $24.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 30th. DA Davidson cut their price target on Bank of Marin Bancorp from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 30th.

Bank of Marin Bancorp Trading Down 6.5 %

NASDAQ:BMRC traded down $1.00 during midday trading on Monday, hitting $14.44. 176,927 shares of the company were exchanged, compared to its average volume of 64,828. Bank of Marin Bancorp has a fifty-two week low of $12.89 and a fifty-two week high of $23.24. The company has a market capitalization of $235.33 million, a PE ratio of 11.65 and a beta of 0.85. The company has a fifty day simple moving average of $16.16 and a 200 day simple moving average of $18.33.

Bank of Marin Bancorp (NASDAQ:BMRC) last posted its earnings results on Monday, January 29th. The bank reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The firm had revenue of $20.98 million for the quarter, compared to analyst estimates of $27.50 million. Bank of Marin Bancorp had a return on equity of 5.63% and a net margin of 13.77%. As a group, equities research analysts expect that Bank of Marin Bancorp will post 1.23 EPS for the current year.

About Bank of Marin Bancorp

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.