Bank of Marin Bancorp (NASDAQ:BMRC) has received a consensus rating of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $43.50.
BMRC has been the topic of a number of analyst reports. DA Davidson reissued a “neutral” rating on shares of Bank of Marin Bancorp in a research note on Tuesday, April 23rd. BidaskClub raised shares of Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. Finally, Zacks Investment Research raised shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Monday, February 4th.
Shares of NASDAQ:BMRC traded up $0.03 on Friday, hitting $41.96. 200 shares of the company were exchanged, compared to its average volume of 33,082. Bank of Marin Bancorp has a one year low of $37.92 and a one year high of $45.42. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $576.45 million, a price-to-earnings ratio of 17.97, a PEG ratio of 2.47 and a beta of 0.59.
Bank of Marin Bancorp (NASDAQ:BMRC) last posted its quarterly earnings data on Monday, April 22nd. The bank reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.11). The company had revenue of $25.62 million for the quarter, compared to the consensus estimate of $26.39 million. Bank of Marin Bancorp had a return on equity of 10.79% and a net margin of 31.44%. Equities analysts predict that Bank of Marin Bancorp will post 2.42 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, May 3rd were paid a $0.19 dividend. The ex-dividend date was Thursday, May 2nd. This represents a $0.76 dividend on an annualized basis and a yield of 1.81%. Bank of Marin Bancorp’s payout ratio is currently 32.62%.
In other Bank of Marin Bancorp news, insider Peter Pelham sold 624 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $41.45, for a total value of $25,864.80. Following the transaction, the insider now directly owns 16,357 shares in the company, valued at $677,997.65. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Russell A. Colombo sold 2,553 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $42.10, for a total transaction of $107,481.30. Following the completion of the transaction, the chief executive officer now owns 65,409 shares in the company, valued at $2,753,718.90. The disclosure for this sale can be found here. In the last three months, insiders sold 5,995 shares of company stock worth $251,505. 5.29% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Bank of Marin Bancorp by 104.3% in the fourth quarter. BlackRock Inc. now owns 1,144,009 shares of the bank’s stock valued at $47,178,000 after buying an additional 584,103 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Bank of Marin Bancorp by 8.6% in the first quarter. Dimensional Fund Advisors LP now owns 475,174 shares of the bank’s stock valued at $19,335,000 after buying an additional 37,692 shares in the last quarter. Vanguard Group Inc boosted its position in Bank of Marin Bancorp by 1.1% in the third quarter. Vanguard Group Inc now owns 335,756 shares of the bank’s stock valued at $28,170,000 after buying an additional 3,751 shares in the last quarter. Vanguard Group Inc. boosted its position in Bank of Marin Bancorp by 1.1% in the third quarter. Vanguard Group Inc. now owns 335,756 shares of the bank’s stock valued at $28,170,000 after buying an additional 3,751 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Bank of Marin Bancorp by 12.9% in the first quarter. Renaissance Technologies LLC now owns 272,211 shares of the bank’s stock valued at $11,076,000 after buying an additional 31,000 shares in the last quarter. Hedge funds and other institutional investors own 43.07% of the company’s stock.
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.
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