Bank of Marin Bancorp (NASDAQ:BMRC) insider Peter Pelham sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $65.61, for a total transaction of $262,440.00. Following the completion of the sale, the insider now directly owns 11,211 shares in the company, valued at $735,553.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bank of Marin Bancorp (NASDAQ:BMRC) opened at 64.40 on Wednesday. Bank of Marin Bancorp has a 12 month low of $45.65 and a 12 month high of $67.43. The firm’s 50-day moving average is $55.39 and its 200-day moving average is $51.05. The firm has a market capitalization of $391.75 million, a PE ratio of 17.55 and a beta of 0.68.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its quarterly earnings results on Monday, October 24th. The company reported $1.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.35. Bank of Marin Bancorp had a return on equity of 10.01% and a net margin of 26.76%. On average, equities research analysts expect that Bank of Marin Bancorp will post $3.69 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Friday, November 4th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, November 2nd. This represents a $1.08 dividend on an annualized basis and a yield of 1.68%. This is a boost from Bank of Marin Bancorp’s previous quarterly dividend of $0.25. Bank of Marin Bancorp’s dividend payout ratio is presently 29.43%.

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Separately, Zacks Investment Research raised shares of Bank of Marin Bancorp from a “hold” rating to a “strong-buy” rating and set a $58.00 price target on the stock in a research report on Tuesday, October 25th.

Large investors have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Bank of Marin Bancorp by 3.8% in the third quarter. BlackRock Inc. now owns 2,094 shares of the company’s stock worth $104,000 after buying an additional 77 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in shares of Bank of Marin Bancorp by 22.9% in the third quarter. Acrospire Investment Management LLC now owns 2,255 shares of the company’s stock worth $112,000 after buying an additional 420 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Bank of Marin Bancorp by 33.8% in the third quarter. Bank of Montreal Can now owns 2,353 shares of the company’s stock worth $117,000 after buying an additional 595 shares during the last quarter. BlackRock Advisors LLC boosted its stake in shares of Bank of Marin Bancorp by 1.3% in the second quarter. BlackRock Advisors LLC now owns 3,181 shares of the company’s stock worth $154,000 after buying an additional 40 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its stake in shares of Bank of Marin Bancorp by 7.8% in the third quarter. D.A. Davidson & CO. now owns 3,239 shares of the company’s stock worth $161,000 after buying an additional 233 shares during the last quarter. 39.52% of the stock is owned by hedge funds and other institutional investors.

Bank of Marin Bancorp Company Profile

Bank of Marin Bancorp (Bancorp) is the holding company for Bank of Marin (the Bank). The Company’s customer base is made up of business and personal banking relationships from the communities near the branch office locations. Its business banking focus is on small to medium-sized businesses, professionals and not-for-profit organizations.

5 Day Chart for NASDAQ:BMRC

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