Bank of Marin Bancorp (NASDAQ:BMRC) Shares Sold by RMB Capital Management LLC

Share on StockTwits

RMB Capital Management LLC reduced its stake in shares of Bank of Marin Bancorp (NASDAQ:BMRC) by 14.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,000 shares of the bank’s stock after selling 1,000 shares during the quarter. RMB Capital Management LLC’s holdings in Bank of Marin Bancorp were worth $246,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Parametric Portfolio Associates LLC raised its stake in shares of Bank of Marin Bancorp by 1.4% during the second quarter. Parametric Portfolio Associates LLC now owns 21,592 shares of the bank’s stock valued at $886,000 after purchasing an additional 307 shares in the last quarter. Northern Trust Corp raised its stake in shares of Bank of Marin Bancorp by 0.7% during the second quarter. Northern Trust Corp now owns 182,999 shares of the bank’s stock valued at $7,506,000 after purchasing an additional 1,307 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Bank of Marin Bancorp by 14.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 41,839 shares of the bank’s stock valued at $1,717,000 after purchasing an additional 5,300 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Bank of Marin Bancorp by 31.8% during the second quarter. Bank of Montreal Can now owns 5,274 shares of the bank’s stock valued at $217,000 after purchasing an additional 1,272 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Bank of Marin Bancorp by 9,137.3% during the second quarter. Parallel Advisors LLC now owns 27,712 shares of the bank’s stock valued at $1,137,000 after purchasing an additional 27,412 shares in the last quarter. Institutional investors and hedge funds own 45.23% of the company’s stock.

Bank of Marin Bancorp stock traded up $0.11 during midday trading on Thursday, hitting $43.71. The company’s stock had a trading volume of 1,811 shares, compared to its average volume of 24,302. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.05. The stock’s 50-day moving average price is $41.55 and its 200-day moving average price is $41.97. Bank of Marin Bancorp has a 12 month low of $38.00 and a 12 month high of $45.13. The company has a market capitalization of $543.83 million, a PE ratio of 18.78, a price-to-earnings-growth ratio of 2.62 and a beta of 0.57.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its quarterly earnings results on Monday, July 22nd. The bank reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. Bank of Marin Bancorp had a net margin of 31.30% and a return on equity of 10.70%. The firm had revenue of $26.06 million for the quarter, compared to analysts’ expectations of $26.59 million. As a group, equities analysts anticipate that Bank of Marin Bancorp will post 2.39 EPS for the current year.

In other Bank of Marin Bancorp news, EVP Peter Pelham sold 3,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $40.10, for a total value of $120,300.00. Following the sale, the executive vice president now directly owns 9,857 shares in the company, valued at $395,265.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.29% of the stock is currently owned by insiders.

A number of brokerages recently weighed in on BMRC. BidaskClub upgraded shares of Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, ValuEngine cut shares of Bank of Marin Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 5th.

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 professionals, small and middle-market businesses, individuals, and not-for-profit organizations in California, the United States. The company offers personal and business checking and savings accounts; and time certificates of deposit, individual retirement accounts, health savings accounts, and demand deposit marketplace accounts, as well as certificate of deposit account registry and insured cash sweep services.

See Also: Trading Penny Stocks

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.