Bank of Marin Bancorp (NASDAQ:BMRC) has earned a consensus rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $68.67.

Several research analysts have issued reports on BMRC shares. BidaskClub upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. ValuEngine upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. Zacks Investment Research lowered Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $68.00 price objective on shares of Bank of Marin Bancorp in a research note on Wednesday, June 28th. Finally, Piper Jaffray Companies set a $68.00 price objective on Bank of Marin Bancorp and gave the stock a “hold” rating in a research note on Sunday, July 30th.

Bank of Marin Bancorp (NASDAQ BMRC) traded up 0.76% on Wednesday, hitting $65.39. 2,057 shares of the company were exchanged. Bank of Marin Bancorp has a 52-week low of $48.60 and a 52-week high of $75.05. The firm has a 50 day moving average of $64.55 and a 200-day moving average of $64.91. The stock has a market cap of $399.53 million, a PE ratio of 17.98 and a beta of 0.90.

Bank of Marin Bancorp (NASDAQ:BMRC) last released its quarterly earnings data on Monday, July 24th. The bank reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.04. Bank of Marin Bancorp had a return on equity of 9.55% and a net margin of 26.72%. The firm had revenue of $20.40 million during the quarter, compared to analyst estimates of $20.33 million. On average, equities analysts expect that Bank of Marin Bancorp will post $3.27 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Friday, August 4th were paid a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, August 2nd. This is a positive change from Bank of Marin Bancorp’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.79%. Bank of Marin Bancorp’s dividend payout ratio (DPR) is 31.78%.

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Several hedge funds have recently made changes to their positions in BMRC. Public Employees Retirement System of Ohio acquired a new stake in shares of Bank of Marin Bancorp during the second quarter worth $413,000. The Manufacturers Life Insurance Company raised its stake in shares of Bank of Marin Bancorp by 2.0% in the second quarter. The Manufacturers Life Insurance Company now owns 244,158 shares of the bank’s stock worth $15,028,000 after buying an additional 4,688 shares during the period. State Street Corp raised its stake in shares of Bank of Marin Bancorp by 0.4% in the second quarter. State Street Corp now owns 102,879 shares of the bank’s stock worth $6,328,000 after buying an additional 396 shares during the period. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Bank of Marin Bancorp by 42.8% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 4,673 shares of the bank’s stock worth $286,000 after buying an additional 1,400 shares during the period. Finally, PDT Partners LLC acquired a new stake in shares of Bank of Marin Bancorp during the second quarter worth $357,000. Institutional investors own 42.41% of the company’s stock.

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. As of December 31, 2016, the Company operated through 20 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.

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