Bank of Marin Bancorp Director Sells $42,000 in Stock (BMRC)
Bank of Marin Bancorp (NASDAQ:BMRC) Director J Dietrich Stroeh unloaded 1,000 shares of the stock on the open market in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $42.00, for a total transaction of $42,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Bank of Marin Bancorp (NASDAQ:BMRC) traded up 3.47% during mid-day trading on Friday, hitting $43.48. The stock had a trading volume of 40,458 shares. Bank of Marin Bancorp has a 52 week low of $36.89 and a 52 week high of $46.21. The stock has a 50-day moving average of $43.81 and a 200-day moving average of $42.62. The company has a market cap of $242.8 million and a price-to-earnings ratio of 16.35.
Bank of Marin Bancorp (NASDAQ:BMRC) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by $0.26. During the same quarter in the previous year, the company posted $0.86 earnings per share. On average, analysts predict that Bank of Marin Bancorp will post $3.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, February 14th. Stockholders of record on Friday, February 7th will be paid a dividend of 0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Wednesday, February 5th.
A number of analysts have recently weighed in on BMRC shares. Analysts at Zacks upgraded shares of Bank of Marin Bancorp from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, January 29th. They now have a $47.00 price target on the stock. Separately, analysts at Sandler O’Neill raised their price target on shares of Bank of Marin Bancorp from $2.00 to $47.00 in a research note to investors on Tuesday, January 28th. Finally, analysts at FIG Partners upgraded shares of Bank of Marin Bancorp from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, January 28th. They now have a $50.00 price target on the stock, up previously from $45.00. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $46.83.
Bank of Marin Bancorp (NASDAQ:BMRC) is the holding company for Bank of Marin (the Bank).
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