Bank of Marin Bancorp (NASDAQ:BMRC) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Monday, February 5th.
A number of other brokerages also recently weighed in on BMRC. Zacks Investment Research raised Bank of Marin Bancorp from a “hold” rating to a “strong-buy” rating and set a $81.00 price target on the stock in a research report on Wednesday, October 25th. DA Davidson reissued a “hold” rating and set a $72.00 price target on shares of Bank of Marin Bancorp in a research report on Tuesday, October 24th. Piper Jaffray Companies reissued a “hold” rating and set a $75.00 price target on shares of Bank of Marin Bancorp in a research report on Tuesday, January 9th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $74.00 price target on shares of Bank of Marin Bancorp in a research report on Friday, December 22nd. Finally, ValuEngine upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $74.75.
Bank of Marin Bancorp (BMRC) traded up $0.25 during trading hours on Monday, reaching $68.25. The company’s stock had a trading volume of 7,000 shares, compared to its average volume of 21,431. The firm has a market capitalization of $470.67, a PE ratio of 26.45, a price-to-earnings-growth ratio of 1.53 and a beta of 0.76. Bank of Marin Bancorp has a 1 year low of $59.05 and a 1 year high of $77.90. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.02.
Bank of Marin Bancorp (NASDAQ:BMRC) last issued its quarterly earnings results on Monday, January 22nd. The bank reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.06). Bank of Marin Bancorp had a net margin of 18.83% and a return on equity of 8.57%. The firm had revenue of $22.13 million during the quarter, compared to the consensus estimate of $22.10 million. equities analysts expect that Bank of Marin Bancorp will post 4.05 earnings per share for the current year.
In other Bank of Marin Bancorp news, CEO Russell A. Colombo sold 911 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $68.00, for a total transaction of $61,948.00. Following the completion of the sale, the chief executive officer now directly owns 26,133 shares in the company, valued at approximately $1,777,044. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Leslie E. Murphy bought 3,676 shares of Bank of Marin Bancorp stock in a transaction dated Wednesday, November 22nd. The stock was purchased at an average price of $68.00 per share, with a total value of $249,968.00. Following the completion of the purchase, the director now owns 3,936 shares in the company, valued at $267,648. The disclosure for this purchase can be found here. 5.17% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in Bank of Marin Bancorp in the 3rd quarter valued at about $113,000. Aperio Group LLC bought a new position in shares of Bank of Marin Bancorp during the 3rd quarter worth approximately $205,000. MetLife Investment Advisors LLC bought a new position in shares of Bank of Marin Bancorp during the 4th quarter worth approximately $218,000. Stone Ridge Asset Management LLC bought a new position in shares of Bank of Marin Bancorp during the 4th quarter worth approximately $220,000. Finally, Financial Advocates Investment Management bought a new position in shares of Bank of Marin Bancorp during the 4th quarter worth approximately $251,000. 41.70% of the stock is currently owned by institutional investors and hedge funds.
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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. The Company operates through 23 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.
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