Shares of Bank of Marin Bancorp (NASDAQ:BMRC) have been given an average rating of “Hold” by the six brokerages that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $68.67.

BMRC has been the topic of several research analyst reports. BidaskClub upgraded shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Zacks Investment Research lowered shares of Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $68.00 target price on shares of Bank of Marin Bancorp in a research report on Wednesday, June 28th. Finally, Piper Jaffray Companies set a $68.00 target price on shares of Bank of Marin Bancorp and gave the company a “hold” rating in a research report on Sunday, July 30th.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of Bank of Marin Bancorp by 13.9% in the first quarter. Bank of America Corp DE now owns 1,684 shares of the bank’s stock worth $108,000 after buying an additional 206 shares in the last quarter. Grandeur Peak Global Advisors LLC lifted its stake in shares of Bank of Marin Bancorp by 15.5% in the first quarter. Grandeur Peak Global Advisors LLC now owns 2,975 shares of the bank’s stock worth $191,000 after buying an additional 400 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its stake in shares of Bank of Marin Bancorp by 42.3% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 3,273 shares of the bank’s stock worth $210,000 after buying an additional 973 shares in the last quarter. American International Group Inc. lifted its stake in shares of Bank of Marin Bancorp by 7.0% in the first quarter. American International Group Inc. now owns 3,670 shares of the bank’s stock worth $236,000 after buying an additional 240 shares in the last quarter. Finally, First Quadrant L P CA purchased a new position in shares of Bank of Marin Bancorp in the second quarter worth about $282,000. Institutional investors and hedge funds own 42.34% of the company’s stock.

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Bank of Marin Bancorp (NASDAQ BMRC) remained flat at $67.85 on Thursday. 34,110 shares of the company’s stock traded hands. Bank of Marin Bancorp has a 12 month low of $49.50 and a 12 month high of $75.05. The stock’s 50 day moving average is $67.38 and its 200 day moving average is $64.73. The stock has a market capitalization of $414.56 million, a P/E ratio of 18.66 and a beta of 0.88.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its earnings results on Monday, July 24th. The bank reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.04. Bank of Marin Bancorp had a net margin of 26.72% and a return on equity of 9.55%. The business had revenue of $20.40 million for the quarter, compared to analyst estimates of $20.33 million. On average, analysts predict that Bank of Marin Bancorp will post $3.27 earnings per share for the current year.

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. As of December 31, 2016, the Company operated through 20 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.

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