Shares of Bank of Marin Bancorp (NASDAQ:BMRC) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $68.67.

Several research analysts have recently weighed in on the company. BidaskClub raised Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research note on Monday, September 25th. Piper Jaffray Companies set a $68.00 price target on Bank of Marin Bancorp and gave the stock a “hold” rating in a research report on Sunday, July 30th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $68.00 price target on shares of Bank of Marin Bancorp in a research report on Wednesday, June 28th.

Several institutional investors and hedge funds have recently modified their holdings of BMRC. Bank of America Corp DE increased its position in shares of Bank of Marin Bancorp by 13.9% during the first quarter. Bank of America Corp DE now owns 1,684 shares of the bank’s stock worth $108,000 after purchasing an additional 206 shares in the last quarter. Grandeur Peak Global Advisors LLC increased its position in shares of Bank of Marin Bancorp by 15.5% during the first quarter. Grandeur Peak Global Advisors LLC now owns 2,975 shares of the bank’s stock worth $191,000 after purchasing an additional 400 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in shares of Bank of Marin Bancorp by 42.3% during the first quarter. Cornerstone Capital Management Holdings LLC. now owns 3,273 shares of the bank’s stock worth $210,000 after purchasing an additional 973 shares in the last quarter. American International Group Inc. increased its position in shares of Bank of Marin Bancorp by 7.0% during the first quarter. American International Group Inc. now owns 3,670 shares of the bank’s stock worth $236,000 after purchasing an additional 240 shares in the last quarter. Finally, First Quadrant L P CA purchased a new stake in shares of Bank of Marin Bancorp during the second quarter worth approximately $282,000. Hedge funds and other institutional investors own 42.34% of the company’s stock.

Shares of Bank of Marin Bancorp (NASDAQ:BMRC) traded down 1.46% during midday trading on Thursday, reaching $67.65. 17,020 shares of the company’s stock were exchanged. The company’s 50-day moving average is $67.22 and its 200-day moving average is $64.68. The stock has a market cap of $413.34 million, a P/E ratio of 18.60 and a beta of 0.88. Bank of Marin Bancorp has a one year low of $49.50 and a one year high of $75.05.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its earnings results on Monday, July 24th. The bank reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.04. The business had revenue of $20.40 million during the quarter, compared to the consensus estimate of $20.33 million. Bank of Marin Bancorp had a return on equity of 9.55% and a net margin of 26.72%. Equities analysts expect that Bank of Marin Bancorp will post $3.27 earnings per share for the current fiscal year.

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About Bank of Marin Bancorp

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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