Bank of Marin Bancorp (BMRC) Given Average Recommendation of “Hold” by Brokerages

Shares of Bank of Marin Bancorp (NASDAQ:BMRC) have been assigned a consensus rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $74.75.

A number of equities analysts have issued reports on the stock. ValuEngine raised shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research raised shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Monday, December 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. Finally, BidaskClub raised shares of Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th.

In other news, Director Leslie E. Murphy bought 3,676 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was purchased at an average cost of $68.00 per share, with a total value of $249,968.00. Following the acquisition, the director now directly owns 3,936 shares in the company, valued at $267,648. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.17% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. acquired a new stake in Bank of Marin Bancorp during the 3rd quarter worth $8,794,000. Dimensional Fund Advisors LP boosted its stake in Bank of Marin Bancorp by 37.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 111,831 shares of the bank’s stock worth $7,660,000 after purchasing an additional 30,461 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Bank of Marin Bancorp during the 4th quarter worth $1,170,000. Bowling Portfolio Management LLC acquired a new stake in Bank of Marin Bancorp during the 4th quarter worth $925,000. Finally, Bank of Montreal Can boosted its stake in Bank of Marin Bancorp by 479.8% during the 4th quarter. Bank of Montreal Can now owns 13,278 shares of the bank’s stock worth $903,000 after purchasing an additional 10,988 shares during the last quarter. 46.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Bank of Marin Bancorp (NASDAQ BMRC) traded down $0.30 during trading on Friday, hitting $69.60. 12,339 shares of the company traded hands, compared to its average volume of 20,420. The stock has a market cap of $483.82, a price-to-earnings ratio of 26.98, a P/E/G ratio of 1.57 and a beta of 0.80. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.02. Bank of Marin Bancorp has a 52-week low of $59.05 and a 52-week high of $77.90.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its quarterly earnings data on Monday, January 22nd. The bank reported $0.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.06). The company had revenue of $22.13 million during the quarter, compared to analysts’ expectations of $22.10 million. Bank of Marin Bancorp had a net margin of 18.83% and a return on equity of 8.57%. analysts anticipate that Bank of Marin Bancorp will post 4.05 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, February 2nd will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Thursday, February 1st. Bank of Marin Bancorp’s dividend payout ratio (DPR) is 44.96%.

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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. The Company operates through 23 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.

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