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

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

A number of other research analysts also recently issued reports on the company. Zacks Investment Research upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a report on Monday, December 25th. Piper Jaffray Companies set a $72.00 price objective on Bank of Marin Bancorp and gave the stock a “hold” rating in a report on Tuesday, November 28th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $74.00 price objective on shares of Bank of Marin Bancorp in a report on Friday, December 22nd. DA Davidson reiterated a “hold” rating and set a $72.00 price objective on shares of Bank of Marin Bancorp in a report on Tuesday, October 24th. Finally, ValuEngine upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $74.75.

Shares of Bank of Marin Bancorp (NASDAQ BMRC) opened at $67.05 on Friday. Bank of Marin Bancorp has a fifty-two week low of $59.05 and a fifty-two week high of $77.90. The stock has a market capitalization of $464.09, a PE ratio of 25.99, a price-to-earnings-growth ratio of 1.51 and a beta of 0.76. 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 (NASDAQ:BMRC) last announced its quarterly earnings results on Monday, January 22nd. The bank reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.06). Bank of Marin Bancorp had a return on equity of 8.57% and a net margin of 18.83%. The business had revenue of $22.13 million during the quarter, compared to the consensus estimate of $22.10 million. sell-side analysts predict that Bank of Marin Bancorp will post 4.05 EPS for the current fiscal year.

In other news, Director Leslie E. Murphy acquired 3,676 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was acquired at an average cost of $68.00 per share, for a total transaction of $249,968.00. Following the completion of the acquisition, the director now owns 3,936 shares in the company, valued at $267,648. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.17% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Bank of Marin Bancorp in the third quarter valued at approximately $113,000. Aperio Group LLC bought a new position in Bank of Marin Bancorp in the third quarter valued at approximately $205,000. Cornerstone Capital Management Holdings LLC. grew its stake in 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 valued at $286,000 after purchasing an additional 1,400 shares in the last quarter. Maltese Capital Management LLC bought a new position in Bank of Marin Bancorp in the fourth quarter valued at approximately $340,000. Finally, First Manhattan Co. bought a new position in Bank of Marin Bancorp in the fourth quarter valued at approximately $342,000. Institutional investors and hedge funds own 41.67% of the company’s stock.

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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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