Bank of Marin Bancorp (NASDAQ:BMRC) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Tuesday.

Several other research firms have also recently commented on BMRC. Zacks Investment Research raised 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 note on Wednesday, October 25th. DA Davidson reissued a “hold” rating and set a $72.00 target price on shares of Bank of Marin Bancorp in a research note on Tuesday, October 24th. Finally, Piper Jaffray Companies set a $72.00 target price on Bank of Marin Bancorp and gave the stock a “hold” rating in a research note on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Bank of Marin Bancorp has a consensus rating of “Hold” and an average price target of $72.60.

Shares of Bank of Marin Bancorp (NASDAQ BMRC) traded up $0.60 during midday trading on Tuesday, hitting $69.25. The stock had a trading volume of 32,138 shares, compared to its average volume of 19,608. Bank of Marin Bancorp has a twelve month low of $59.05 and a twelve month high of $77.90. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $431.03, a PE ratio of 20.31, a PEG ratio of 1.91 and a beta of 0.80.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its quarterly earnings data on Monday, October 23rd. The bank reported $0.83 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.83. Bank of Marin Bancorp had a return on equity of 8.85% and a net margin of 24.74%. The business had revenue of $20.85 million during the quarter, compared to analysts’ expectations of $20.71 million. analysts expect that Bank of Marin Bancorp will post 3.27 EPS for the current year.

In related news, Director Leslie E. Murphy bought 3,676 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was purchased at an average cost of $68.00 per share, with a total value of $249,968.00. Following the purchase, the director now directly owns 3,936 shares of the company’s stock, valued at approximately $267,648. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.17% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its stake in Bank of Marin Bancorp by 13.9% during the 1st quarter. Bank of America Corp DE now owns 1,684 shares of the bank’s stock worth $108,000 after purchasing an additional 206 shares in the last quarter. Context BH Capital Management LP lifted its holdings in Bank of Marin Bancorp by 3.2% during the 2nd quarter. Context BH Capital Management LP now owns 9,720 shares of the bank’s stock worth $598,000 after buying an additional 300 shares during the last quarter. State Street Corp lifted its holdings in Bank of Marin Bancorp by 0.4% during the 2nd quarter. State Street Corp now owns 102,879 shares of the bank’s stock worth $6,328,000 after buying an additional 396 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in Bank of Marin Bancorp by 0.8% during the 2nd quarter. Mutual of America Capital Management LLC now owns 63,259 shares of the bank’s stock worth $3,894,000 after buying an additional 532 shares during the last quarter. Finally, Nationwide Fund Advisors lifted its holdings in Bank of Marin Bancorp by 6.9% during the 2nd quarter. Nationwide Fund Advisors now owns 9,482 shares of the bank’s stock worth $584,000 after buying an additional 611 shares during the last quarter. 45.95% 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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