Bank of Marin Bancorp (NASDAQ:BMRC) Director Leslie E. Murphy acquired 3,676 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was purchased at an average cost of $68.00 per share, for a total transaction of $249,968.00. Following the purchase, the director now owns 3,936 shares of the company’s stock, valued at $267,648. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Bank of Marin Bancorp (NASDAQ BMRC) traded down $0.75 during trading on Friday, reaching $67.15. The company’s stock had a trading volume of 22,873 shares, compared to its average volume of 14,948. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $419.49, a price-to-earnings ratio of 20.03, a P/E/G ratio of 1.86 and a beta of 0.80. Bank of Marin Bancorp has a one year low of $59.05 and a one year high of $75.05.

Bank of Marin Bancorp (NASDAQ:BMRC) last posted its earnings results on Monday, October 23rd. The bank reported $0.83 earnings per share for the quarter, hitting analysts’ consensus estimates 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%. research analysts anticipate that Bank of Marin Bancorp will post 3.31 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, November 3rd were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 1.73%. Bank of Marin Bancorp’s dividend payout ratio is currently 34.73%.

BMRC has been the topic of several research analyst reports. Piper Jaffray Companies set a $68.00 price objective on Bank of Marin Bancorp and gave the stock a “hold” rating in a research note on Sunday, July 30th. Zacks Investment Research raised Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research note on Monday, September 25th. Finally, DA Davidson reissued a “hold” rating and issued a $72.00 price objective on shares of Bank of Marin Bancorp in a research note on Tuesday, October 24th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $71.80.

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in 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 worth $7,660,000 after buying an additional 30,461 shares during the period. SG Americas Securities LLC purchased a new stake in Bank of Marin Bancorp during the third quarter worth $113,000. Russell Investments Group Ltd. lifted its holdings in Bank of Marin Bancorp by 17.8% during the third quarter. Russell Investments Group Ltd. now owns 13,593 shares of the bank’s stock worth $931,000 after buying an additional 2,053 shares during the period. New York State Common Retirement Fund lifted its holdings in Bank of Marin Bancorp by 16.6% during the third quarter. New York State Common Retirement Fund now owns 8,513 shares of the bank’s stock worth $583,000 after buying an additional 1,213 shares during the period. Finally, Sei Investments Co. purchased a new stake in Bank of Marin Bancorp during the third quarter worth $8,794,000. Institutional investors own 44.37% of the company’s stock.

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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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