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.
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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