Bank of Marin Bancorp (NASDAQ:BMRC) has been given an average rating of “Hold” by the seven ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $70.50.

A number of research firms have issued reports on BMRC. BidaskClub lowered Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research raised Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Monday, September 25th. DA Davidson reaffirmed a “hold” rating and issued a $72.00 target price on shares of Bank of Marin Bancorp in a report on Tuesday, October 24th. Finally, Piper Jaffray Companies set a $72.00 target price on Bank of Marin Bancorp and gave the company a “hold” rating in a report on Tuesday, November 28th.

In other Bank of Marin Bancorp news, Director Leslie E. Murphy bought 3,676 shares of the stock in a transaction on Wednesday, November 22nd. The shares were purchased at an average price of $68.00 per share, with a total value of $249,968.00. Following the acquisition, the director now directly owns 3,936 shares of the company’s stock, valued at approximately $267,648. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 5.17% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of Bank of Marin Bancorp by 37.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 111,831 shares of the bank’s stock worth $7,660,000 after purchasing an additional 30,461 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Bank of Marin Bancorp during the 3rd quarter worth approximately $113,000. Russell Investments Group Ltd. grew its holdings in shares of Bank of Marin Bancorp by 17.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 13,593 shares of the bank’s stock worth $931,000 after purchasing an additional 2,053 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Bank of Marin Bancorp by 16.6% during the 3rd quarter. New York State Common Retirement Fund now owns 8,513 shares of the bank’s stock worth $583,000 after purchasing an additional 1,213 shares in the last quarter. Finally, Sei Investments Co. acquired a new stake in shares of Bank of Marin Bancorp during the 3rd quarter worth approximately $8,794,000. 45.95% of the stock is currently owned by institutional investors.

Bank of Marin Bancorp (BMRC) traded down $0.15 on Friday, reaching $69.10. The company’s stock had a trading volume of 22,361 shares, compared to its average volume of 19,619. The firm has a market cap of $424.12, a price-to-earnings ratio of 20.25, a P/E/G ratio of 1.91 and a beta of 0.80. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.91 and a quick ratio of 0.91. Bank of Marin Bancorp has a 12-month low of $59.05 and a 12-month high of $77.90.

Bank of Marin Bancorp (NASDAQ:BMRC) last released its earnings results on Monday, October 23rd. The bank reported $0.83 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.83. The firm had revenue of $20.85 million for the quarter, compared to analyst estimates of $20.71 million. Bank of Marin Bancorp had a return on equity of 8.47% and a net margin of 24.61%. equities research analysts expect that Bank of Marin Bancorp will post 3.27 EPS for the current year.

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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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