Bank of Marin Bancorp (NASDAQ:BMRC) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Bank of Marin Bancorp (NASDAQ:BMRC) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $26.19 and traded as high as $26.78. Bank of Marin Bancorp shares last traded at $26.25, with a volume of 85,037 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BMRC. DA Davidson dropped their price target on shares of Bank of Marin Bancorp from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Piper Sandler lowered their price objective on shares of Bank of Marin Bancorp from $30.50 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Stephens restated an “equal weight” rating and set a $26.00 price objective on shares of Bank of Marin Bancorp in a research report on Tuesday, May 5th. Zacks Research downgraded shares of Bank of Marin Bancorp from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen upgraded shares of Bank of Marin Bancorp from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 16th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $28.40.

Bank of Marin Bancorp Trading Up 0.8%

The business’s 50 day simple moving average is $25.73 and its two-hundred day simple moving average is $26.19. The stock has a market cap of $424.99 million, a P/E ratio of -13.00 and a beta of 0.82. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.11.

Bank of Marin Bancorp (NASDAQ:BMRC) last posted its earnings results on Monday, April 27th. The bank reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.03). The company had revenue of $34.14 million for the quarter, compared to the consensus estimate of $33.87 million. Bank of Marin Bancorp had a positive return on equity of 7.20% and a negative net margin of 18.58%. As a group, analysts expect that Bank of Marin Bancorp will post 2.21 EPS for the current year.

Bank of Marin Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, May 7th. Bank of Marin Bancorp’s payout ratio is presently -49.50%.

Institutional Trading of Bank of Marin Bancorp

Several institutional investors have recently modified their holdings of BMRC. Torren Management LLC bought a new stake in shares of Bank of Marin Bancorp in the fourth quarter worth $31,000. Russell Investments Group Ltd. grew its stake in shares of Bank of Marin Bancorp by 2,543.8% in the third quarter. Russell Investments Group Ltd. now owns 1,269 shares of the bank’s stock worth $31,000 after purchasing an additional 1,221 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Bank of Marin Bancorp by 33.6% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,507 shares of the bank’s stock worth $39,000 after purchasing an additional 379 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Bank of Marin Bancorp by 124.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,875 shares of the bank’s stock worth $43,000 after purchasing an additional 1,040 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Bank of Marin Bancorp by 88.2% in the third quarter. BNP Paribas Financial Markets now owns 2,893 shares of the bank’s stock worth $70,000 after purchasing an additional 1,356 shares during the last quarter. Institutional investors own 52.26% of the company’s stock.

About Bank of Marin Bancorp

Bank of Marin Bancorp is the bank holding company for Bank of Marin, a community-oriented financial institution headquartered in Novato, California. Through its subsidiary, the company provides a broad range of banking services to individuals, small and medium-sized businesses, and nonprofit organizations. Its operating philosophy emphasizes personalized service and strong local relationships across the San Francisco North Bay region.

The company’s core product offerings include deposit accounts such as checking, savings, money market and time certificates of deposit.