Shares of Bank of Marin Bancorp (NASDAQ:BMRC) have earned a consensus rating of “Hold” from the six ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $74.75.

A number of analysts have commented on the company. BidaskClub lowered Bank of Marin Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, January 25th. Piper Jaffray Companies reissued a “hold” rating and set a $75.00 price objective on shares of Bank of Marin Bancorp in a report on Tuesday, January 9th. ValuEngine raised Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research raised Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a report on Monday, December 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $74.00 target price on shares of Bank of Marin Bancorp in a report on Friday, December 22nd.

In other Bank of Marin Bancorp news, Director Leslie E. Murphy bought 3,676 shares of Bank of Marin Bancorp stock in a transaction dated Wednesday, November 22nd. The stock was bought at an average cost of $68.00 per share, with a total value of $249,968.00. Following the completion of the acquisition, the director now directly owns 3,936 shares in the company, valued at approximately $267,648. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.17% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Bank of Marin Bancorp during the third quarter valued at $113,000. Aperio Group LLC bought a new position in Bank of Marin Bancorp during the third quarter valued at $205,000. Cornerstone Capital Management Holdings LLC. grew its holdings in Bank of Marin Bancorp by 42.8% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 4,673 shares of the bank’s stock valued at $286,000 after purchasing an additional 1,400 shares during the period. First Manhattan Co. bought a new position in Bank of Marin Bancorp during the fourth quarter valued at $342,000. Finally, PDT Partners LLC bought a new position in Bank of Marin Bancorp during the second quarter valued at $357,000. 41.47% of the stock is owned by institutional investors.

Shares of Bank of Marin Bancorp (NASDAQ BMRC) traded down $0.10 on Friday, reaching $69.00. The company’s stock had a trading volume of 5,509 shares, compared to its average volume of 21,191. 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 company has a market cap of $481.74, a price-to-earnings ratio of 26.86, a P/E/G ratio of 1.56 and a beta of 0.80. Bank of Marin Bancorp has a 1 year low of $59.05 and a 1 year high of $77.90.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its quarterly earnings data on Monday, January 22nd. The bank reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.06). The company had revenue of $22.13 million for the quarter, compared to the consensus estimate of $22.10 million. Bank of Marin Bancorp had a return on equity of 8.57% and a net margin of 18.83%. analysts expect that Bank of Marin Bancorp will post 4.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, February 2nd will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Thursday, February 1st. Bank of Marin Bancorp’s dividend payout ratio is presently 44.96%.

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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. The Company operates through 23 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.

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