Shares of Bank of Marin Bancorp (NASDAQ:BMRC) have earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $73.67.

BMRC has been the subject of several research reports. BidaskClub cut shares of Bank of Marin Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, January 5th. ValuEngine upgraded shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Piper Jaffray Companies restated a “hold” rating and set a $75.00 price objective on shares of Bank of Marin Bancorp in a research note on Tuesday, January 9th. Zacks Investment Research upgraded shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Monday, December 25th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $74.00 target price on shares of Bank of Marin Bancorp in a research note on Friday, December 22nd.

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Shares of BMRC stock traded down $1.35 during midday trading on Friday, reaching $68.20. 3,900 shares of the company’s stock traded hands, compared to its average volume of 21,562. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.90 and a current ratio of 0.90. Bank of Marin Bancorp has a twelve month low of $59.05 and a twelve month high of $77.90. The firm has a market cap of $494.90, a PE ratio of 26.96, a price-to-earnings-growth ratio of 1.59 and a beta of 0.77.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its quarterly earnings data on Monday, January 22nd. The bank reported $0.80 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.06). Bank of Marin Bancorp had a net margin of 18.83% and a return on equity of 8.10%. The business had revenue of $22.13 million for the quarter, compared to analyst estimates of $22.10 million. sell-side analysts forecast that Bank of Marin Bancorp will post 4.05 earnings per share for the current fiscal year.

In related news, CEO Russell A. Colombo sold 911 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $68.00, for a total value of $61,948.00. Following the completion of the transaction, the chief executive officer now directly owns 26,133 shares in the company, valued at approximately $1,777,044. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 5.17% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of BMRC. Sei Investments Co. acquired a new position in Bank of Marin Bancorp during the third quarter worth $8,794,000. BlackRock Inc. raised its position in Bank of Marin Bancorp by 12.3% during the fourth quarter. BlackRock Inc. now owns 525,495 shares of the bank’s stock worth $35,733,000 after acquiring an additional 57,520 shares during the period. Millennium Management LLC raised its position in Bank of Marin Bancorp by 169.8% during the fourth quarter. Millennium Management LLC now owns 76,962 shares of the bank’s stock worth $5,233,000 after acquiring an additional 48,436 shares during the period. Banc Funds Co. LLC raised its position in Bank of Marin Bancorp by 24.4% during the fourth quarter. Banc Funds Co. LLC now owns 183,304 shares of the bank’s stock worth $12,465,000 after acquiring an additional 35,939 shares during the period. Finally, Dimensional Fund Advisors LP raised its position 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 acquiring an additional 30,461 shares during the period. Hedge funds and other institutional investors own 42.42% 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. The Company operates through 23 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.

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