Piper Jaffray Companies reissued their hold rating on shares of Bank of Marin Bancorp (NASDAQ:BMRC) in a report issued on Tuesday morning. They currently have a $75.00 target price on the bank’s stock.

A number of other research analysts have also commented on the stock. BidaskClub lowered shares of Bank of Marin Bancorp from a sell rating to a strong sell rating in a research report on Friday, January 5th. ValuEngine raised shares of Bank of Marin Bancorp from a hold rating to a buy rating in a report on Sunday, December 31st. Zacks Investment Research raised shares of 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. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $74.00 price objective on shares of Bank of Marin Bancorp in a report on Friday, December 22nd. Finally, DA Davidson reaffirmed a hold rating and set a $72.00 price objective on shares of Bank of Marin Bancorp in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $73.80.

Bank of Marin Bancorp (NASDAQ BMRC) traded down $0.45 on Tuesday, hitting $71.25. 13,490 shares of the stock were exchanged, compared to its average volume of 21,478. The stock has a market cap of $434.31, a price-to-earnings ratio of 21.40, a P/E/G ratio of 1.67 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 quarterly earnings results on Monday, October 23rd. The bank reported $0.83 EPS for the quarter, meeting analysts’ consensus estimates of $0.83. The firm had revenue of $20.85 million during the quarter, compared to analyst estimates of $20.71 million. Bank of Marin Bancorp had a net margin of 24.74% and a return on equity of 8.85%. research analysts forecast that Bank of Marin Bancorp will post 3.27 earnings per share for the current year.

In related news, Director Leslie E. Murphy acquired 3,676 shares of the company’s 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 acquisition, the director now owns 3,936 shares of the company’s stock, valued at approximately $267,648. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.17% of the company’s stock.

A number of institutional investors have recently bought and sold shares of BMRC. Russell Investments Group Ltd. lifted its stake in Bank of Marin Bancorp by 7.4% in the second quarter. Russell Investments Group Ltd. now owns 11,540 shares of the bank’s stock worth $711,000 after purchasing an additional 800 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Bank of Marin Bancorp by 33.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 12,100 shares of the bank’s stock worth $745,000 after purchasing an additional 3,000 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Bank of Marin Bancorp by 2.9% in the second quarter. Bank of New York Mellon Corp now owns 27,473 shares of the bank’s stock worth $1,691,000 after purchasing an additional 762 shares during the last quarter. Prudential Financial Inc. lifted its stake in Bank of Marin Bancorp by 1.3% in the second quarter. Prudential Financial Inc. now owns 46,892 shares of the bank’s stock worth $2,886,000 after purchasing an additional 620 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Bank of Marin Bancorp by 29.5% in the second quarter. Alliancebernstein L.P. now owns 6,590 shares of the bank’s stock worth $406,000 after purchasing an additional 1,500 shares during the last quarter. 45.95% of the stock is owned by institutional investors and hedge funds.

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About Bank of Marin Bancorp

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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