Grandeur Peak Global Advisors LLC Holds Position in Bank of Marin Bancorp (BMRC)

Grandeur Peak Global Advisors LLC continued to hold its position in Bank of Marin Bancorp (NASDAQ:BMRC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,975 shares of the bank’s stock at the end of the second quarter. Grandeur Peak Global Advisors LLC’s holdings in Bank of Marin Bancorp were worth $183,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its holdings in Bank of Marin Bancorp by 2.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 244,158 shares of the bank’s stock worth $15,028,000 after buying an additional 4,688 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Bank of Marin Bancorp by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 223,925 shares of the bank’s stock worth $13,782,000 after buying an additional 10,713 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Bank of Marin Bancorp by 6.2% during the 1st quarter. Renaissance Technologies LLC now owns 123,800 shares of the bank’s stock worth $7,967,000 after buying an additional 7,280 shares during the last quarter. State Street Corp lifted its holdings in Bank of Marin Bancorp by 0.4% during the 2nd quarter. State Street Corp now owns 102,879 shares of the bank’s stock worth $6,328,000 after buying an additional 396 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Bank of Marin Bancorp by 6.3% during the 2nd quarter. Northern Trust Corp now owns 88,886 shares of the bank’s stock worth $5,471,000 after buying an additional 5,300 shares during the last quarter. 42.41% of the stock is currently owned by institutional investors.

Bank of Marin Bancorp (BMRC) traded up 1.40% during midday trading on Thursday, hitting $72.20. The stock had a trading volume of 15,738 shares. The company has a market cap of $441.14 million, a P/E ratio of 19.85 and a beta of 0.88. Bank of Marin Bancorp has a one year low of $49.50 and a one year high of $75.05. The stock’s 50-day moving average is $66.49 and its 200-day moving average is $64.50.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its earnings results on Monday, July 24th. The bank reported $0.84 EPS for the quarter, beating the consensus estimate of $0.80 by $0.04. The company had revenue of $20.40 million during the quarter, compared to analysts’ expectations of $20.33 million. Bank of Marin Bancorp had a net margin of 26.72% and a return on equity of 9.55%. Equities analysts predict that Bank of Marin Bancorp will post $3.27 EPS for the current fiscal year.

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A number of research analysts have commented on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $68.00 target price on shares of Bank of Marin Bancorp in a report on Wednesday, June 28th. Zacks Investment Research raised Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a report on Monday, September 25th. BidaskClub raised Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Finally, Piper Jaffray Companies set a $68.00 price target on Bank of Marin Bancorp and gave the stock a “hold” rating in a report on Sunday, July 30th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $70.00.

About Bank of Marin Bancorp

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. As of December 31, 2016, the Company operated through 20 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.

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

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