A number of other analysts have also recently weighed in on BMRC. ValuEngine cut shares of Bank of Marin Bancorp from a sell rating to a strong sell rating in a report on Thursday, September 5th. Zacks Investment Research upgraded shares of Bank of Marin Bancorp from a sell rating to a hold rating in a report on Wednesday, July 24th.
NASDAQ BMRC opened at $43.65 on Wednesday. Bank of Marin Bancorp has a 12 month low of $38.00 and a 12 month high of $45.13. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $594.85 million, a PE ratio of 17.83, a P/E/G ratio of 2.61 and a beta of 0.57. The company’s 50 day simple moving average is $41.51 and its 200 day simple moving average is $41.96.
Bank of Marin Bancorp (NASDAQ:BMRC) last posted its quarterly earnings data on Monday, July 22nd. The bank reported $0.60 EPS for the quarter, meeting the Zacks’ 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 business had revenue of $26.06 million for the quarter, compared to analyst estimates of $26.59 million. Sell-side analysts anticipate that Bank of Marin Bancorp will post 2.39 earnings per share for the current fiscal year.
In related news, EVP Peter Pelham sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $40.10, for a total transaction of $120,300.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 4,391 shares of company stock valued at $180,466 over the last 90 days. 5.29% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Meeder Asset Management Inc. boosted its holdings in Bank of Marin Bancorp by 205.4% during the second quarter. Meeder Asset Management Inc. now owns 855 shares of the bank’s stock worth $35,000 after buying an additional 575 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in Bank of Marin Bancorp during the first quarter worth approximately $58,000. Tower Research Capital LLC TRC boosted its holdings in Bank of Marin Bancorp by 648.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,460 shares of the bank’s stock worth $59,000 after buying an additional 1,265 shares in the last quarter. Marshall Wace LLP bought a new stake in Bank of Marin Bancorp during the first quarter worth approximately $75,000. Finally, TRUE Private Wealth Advisors bought a new stake in Bank of Marin Bancorp during the second quarter worth approximately $82,000. Hedge funds and other institutional investors own 45.23% of the company’s stock.
Bank of Marin Bancorp Company Profile
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.
Recommended Story: What is the formula for calculating total return?
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.