BidaskClub upgraded shares of Bank of Marin Bancorp (NASDAQ:BMRC) from a sell rating to a hold rating in a report issued on Wednesday.

Several other research analysts have also commented on BMRC. Piper Jaffray Companies set a $72.00 price target on Bank of Marin Bancorp and gave the stock a hold rating in a research report on Tuesday, November 28th. Zacks Investment Research upgraded Bank of Marin Bancorp from a hold rating to a strong-buy rating and set a $81.00 target price for the company in a research report on Wednesday, October 25th. Finally, DA Davidson restated a hold rating and set a $72.00 target price on shares of Bank of Marin Bancorp in a research report on Tuesday, October 24th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $72.60.

Bank of Marin Bancorp (BMRC) traded down $0.70 on Wednesday, reaching $70.00. The company had a trading volume of 12,400 shares, compared to its average volume of 19,467. The stock has a market capitalization of $436.78, a price-to-earnings ratio of 20.85, a P/E/G ratio of 1.96 and a beta of 0.80. Bank of Marin Bancorp has a 12 month low of $59.05 and a 12 month high of $77.90. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.02.

Bank of Marin Bancorp (NASDAQ:BMRC) last released its quarterly earnings results on Monday, October 23rd. The bank reported $0.83 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. The company had revenue of $20.85 million during the quarter, compared to analyst estimates of $20.71 million. Bank of Marin Bancorp had a return on equity of 8.85% and a net margin of 24.74%. analysts predict that Bank of Marin Bancorp will post 3.27 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, November 3rd were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $1.16 annualized dividend and a dividend yield of 1.66%. Bank of Marin Bancorp’s dividend payout ratio (DPR) is presently 34.73%.

In other Bank of Marin Bancorp news, Director Leslie E. Murphy bought 3,676 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was acquired at an average price of $68.00 per share, for a total transaction of $249,968.00. Following the completion of the transaction, the director now directly owns 3,936 shares of the company’s stock, valued at $267,648. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 5.17% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of BMRC. Sei Investments Co. bought a new stake in shares of Bank of Marin Bancorp during the third quarter valued at approximately $8,794,000. FSI Group LLC bought a new stake in shares of Bank of Marin Bancorp during the second quarter valued at approximately $2,942,000. Vanguard Group Inc. raised its stake in shares of Bank of Marin Bancorp by 20.3% during the first quarter. Vanguard Group Inc. now owns 213,212 shares of the bank’s stock valued at $13,720,000 after acquiring an additional 36,024 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Bank of Marin Bancorp by 37.4% during the third quarter. Dimensional Fund Advisors LP now owns 111,831 shares of the bank’s stock valued at $7,660,000 after acquiring an additional 30,461 shares in the last quarter. Finally, Ameriprise Financial Inc. bought a new stake in shares of Bank of Marin Bancorp during the second quarter valued at approximately $472,000. 45.17% of the stock is owned by hedge funds and other institutional investors.

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Bank of Marin Bancorp Company Profile

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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