November 23, 2016 - By Linda Rogers
Min Situ, Principal Accounting Officer of Bank Of Marin Bancorp, in an insider transaction unloaded 178 shares whose value is estimated to be $11,641 at average stock price of $65.4. Currently, Min Situ owns 2,410 shares or 0.04% of the Company’s total market capitalization.
Insitutional Activity: The institutional sentiment decreased to 2.16 in Q2 2016. Its down 0.55, from 2.71 in 2016Q1. The ratio is negative, as 5 funds sold all Bank of Marin Bancorp shares owned while 12 reduced positions. 11 funds bought stakes while 35 increased positions. They now own 2.35 million shares or 3.45% less from 2.43 million shares in 2016Q1.
Teachers Advsr last reported 9,288 shares in the company. Savings Bank Of Montreal Can accumulated 1,758 shares or 0% of the stock. Kcg holds 4,698 shares or 0% of its portfolio. Renaissance reported 106,600 shares or 0.01% of all its holdings. Blackrock Institutional Tru Na holds 231,027 shares or 0% of its portfolio. Qs Limited accumulated 0% or 2,165 shares. Morgan Stanley, a New York-based fund reported 17,283 shares. The Florida-based Ladenburg Thalmann Financial has invested 0% in Bank of Marin Bancorp (NASDAQ:BMRC). Moreover, Geode Capital Mngmt Ltd Liability Corporation has 0% invested in Bank of Marin Bancorp (NASDAQ:BMRC) for 35,258 shares. Blackrock Fund Advisors owns 158,079 shares or 0% of their US portfolio. Earnest Ptnrs Ltd Liability Corp has 0% invested in the company for 300 shares. Vanguard Group Inc accumulated 169,405 shares or 0% of the stock. Strs Ohio, a Ohio-based fund reported 100 shares. Martingale Asset Mgmt Lp accumulated 0% or 5,106 shares. Pnc Svcs Gp Inc accumulated 47 shares or 0% of the stock.
Insider Transactions: Since August 11, 2016, the stock had 0 insider purchases, and 2 insider sales for $391,810 net activity. 1,776 shares were sold by HELLER H ROBERT, worth $87,010 on Thursday, August 11. On Monday, November 7 Colombo Russell A sold $304,800 worth of the stock or 6,000 shares.
About 2,672 shares traded hands. Bank of Marin Bancorp (NASDAQ:BMRC) has risen 34.18% since April 21, 2016 and is uptrending. It has outperformed by 28.85% the S&P500.
Bank of Marin Bancorp is the holding firm for Bank of Marin (the Bank). The company has a market cap of $412.53 million. The Company’s customer base is made up of business and personal banking relationships from the communities near the branch office locations. It has a 18.18 P/E ratio. The Company’s business banking focus is on small to medium-sized businesses, professionals and not-for-profit organizations.
According to Zacks Investment Research, “Bank of Marin is a California State chartered bank.”
Analysts await Bank of Marin Bancorp (NASDAQ:BMRC) to report earnings on January, 23. They expect $0.81 EPS, 0.00% or $0.00 from last year’s $0.81 per share. BMRC’s profit will be $5.01M for 20.57 P/E if the $0.81 EPS becomes a reality. After $1.14 actual EPS reported by Bank of Marin Bancorp for the previous quarter, Wall Street now forecasts -28.95% negative EPS growth.
Bank of Marin Bancorp (Bancorp), incorporated on March 2, 2007, is the holding firm for Bank of Marin (the Bank). The Company’s customer base is made up of business and personal banking relationships from the communities near the branch office locations. The Company’s business banking focus is on small to medium-sized businesses, professionals and not-for-profit organizations. The Firm operates through approximately 20 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties, with a focus on supporting the local communities. It makes international banking services available to its clients indirectly through other financial institutions, with whom it has correspondent banking relationships.
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By Linda Rogers