California Public Employees Retirement System continued to hold its position in shares of Bank of Marin Bancorp (NASDAQ:BMRC) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,000 shares of the bank’s stock at the end of the 2nd quarter. California Public Employees Retirement System owned 0.28% of Bank of Marin Bancorp worth $1,046,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bank of America Corp DE lifted its position in Bank of Marin Bancorp by 13.9% during the first quarter. Bank of America Corp DE now owns 1,684 shares of the bank’s stock worth $108,000 after purchasing an additional 206 shares during the period. American International Group Inc. lifted its position in Bank of Marin Bancorp by 7.0% during the first quarter. American International Group Inc. now owns 3,670 shares of the bank’s stock worth $236,000 after purchasing an additional 240 shares during the period. Context BH Capital Management LP lifted its position in Bank of Marin Bancorp by 3.2% during the second quarter. Context BH Capital Management LP now owns 9,720 shares of the bank’s stock worth $598,000 after purchasing an additional 300 shares during the period. Mutual of America Capital Management LLC lifted its position in Bank of Marin Bancorp by 0.8% during the second quarter. Mutual of America Capital Management LLC now owns 63,259 shares of the bank’s stock worth $3,894,000 after purchasing an additional 532 shares during the period. Finally, Nationwide Fund Advisors lifted its position in Bank of Marin Bancorp by 6.9% during the second quarter. Nationwide Fund Advisors now owns 9,482 shares of the bank’s stock worth $584,000 after purchasing an additional 611 shares during the period. 42.22% of the stock is owned by institutional investors and hedge funds.

Bank of Marin Bancorp (BMRC) opened at $65.60 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $405.28, a PE ratio of 19.35, a price-to-earnings-growth ratio of 1.80 and a beta of 0.80. Bank of Marin Bancorp has a 52 week low of $57.00 and a 52 week high of $75.05.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its earnings results on Monday, October 23rd. The bank reported $0.83 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. The firm had revenue of $20.85 million during the quarter, compared to the consensus estimate of $20.71 million. Bank of Marin Bancorp had a return on equity of 8.85% and a net margin of 24.74%. sell-side analysts forecast that Bank of Marin Bancorp will post 3.31 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, November 3rd were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Thursday, November 2nd. Bank of Marin Bancorp’s payout ratio is 34.73%.

Several brokerages have commented on BMRC. Zacks Investment Research raised Bank of Marin Bancorp from a “hold” rating to a “strong-buy” rating and set a $81.00 target price for the company in a research note on Wednesday, October 25th. DA Davidson reissued a “hold” rating and set a $72.00 target price on shares of Bank of Marin Bancorp in a research note on Tuesday, October 24th. Piper Jaffray Companies set a $68.00 target price on Bank of Marin Bancorp and gave the stock a “hold” rating in a research note on Sunday, July 30th. Finally, BidaskClub downgraded Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $71.80.

COPYRIGHT VIOLATION NOTICE: This article was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/11/12/bank-of-marin-bancorp-bmrc-holdings-held-by-california-public-employees-retirement-system.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. As of December 31, 2016, the Company operated through 20 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.

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.