Bank of Marin Bancorp (BMRC) Stock Rating Lowered by BidaskClub

Bank of Marin Bancorp (NASDAQ:BMRC) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday.

Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a report on Monday, December 17th. ValuEngine upgraded shares of Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a report on Friday, January 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $44.50.

Shares of BMRC stock opened at $42.57 on Friday. The stock has a market cap of $593.83 million, a PE ratio of 18.27, a P/E/G ratio of 2.37 and a beta of 0.60. Bank of Marin Bancorp has a 1-year low of $33.28 and a 1-year high of $45.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.87 and a current ratio of 0.87.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its quarterly earnings data on Monday, January 28th. The bank reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.08. The business had revenue of $26.70 million for the quarter, compared to analyst estimates of $25.57 million. Bank of Marin Bancorp had a net margin of 31.00% and a return on equity of 10.74%. Analysts forecast that Bank of Marin Bancorp will post 2.57 earnings per share for the current fiscal year.

In related news, EVP Elizabeth Reizman sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $41.46, for a total value of $41,460.00. Following the transaction, the executive vice president now owns 7,990 shares in the company, valued at $331,265.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Peter Pelham sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $41.91, for a total transaction of $335,280.00. Following the completion of the transaction, the insider now owns 19,110 shares in the company, valued at approximately $800,900.10. The disclosure for this sale can be found here. Insiders sold 14,117 shares of company stock worth $591,654 in the last 90 days. 5.17% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of BMRC. Advisory Services Network LLC raised its holdings in Bank of Marin Bancorp by 59.9% in the fourth quarter. Advisory Services Network LLC now owns 606 shares of the bank’s stock valued at $25,000 after buying an additional 227 shares during the period. Advisor Group Inc. raised its holdings in Bank of Marin Bancorp by 392.2% in the fourth quarter. Advisor Group Inc. now owns 1,132 shares of the bank’s stock valued at $47,000 after buying an additional 902 shares during the period. Great West Life Assurance Co. Can raised its holdings in Bank of Marin Bancorp by 5,022.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 1,793 shares of the bank’s stock valued at $71,000 after buying an additional 1,758 shares during the period. Legal & General Group Plc raised its holdings in Bank of Marin Bancorp by 128.4% in the fourth quarter. Legal & General Group Plc now owns 2,430 shares of the bank’s stock valued at $100,000 after buying an additional 1,366 shares during the period. Finally, Citigroup Inc. raised its holdings in Bank of Marin Bancorp by 124.7% in the fourth quarter. Citigroup Inc. now owns 4,100 shares of the bank’s stock valued at $169,000 after buying an additional 2,275 shares during the period. Hedge funds and other institutional investors own 42.37% 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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