Bank of Marin Bancorp (NASDAQ:BMRC) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, BidAskClub reports.

A number of other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Bank of Marin Bancorp from a “buy” rating to a “sell” rating in a report on Thursday, April 25th. DA Davidson reiterated a “neutral” rating on shares of Bank of Marin Bancorp in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Bank of Marin Bancorp currently has a consensus rating of “Hold” and a consensus price target of $44.75.

BMRC stock traded up $0.30 during mid-day trading on Thursday, hitting $42.23. 593 shares of the company were exchanged, compared to its average volume of 21,951. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $580.46 million, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 2.49 and a beta of 0.62. Bank of Marin Bancorp has a 1-year low of $38.00 and a 1-year high of $45.42.

Bank of Marin Bancorp (NASDAQ:BMRC) last posted its quarterly earnings data on Monday, April 22nd. The bank reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.11). Bank of Marin Bancorp had a net margin of 31.44% and a return on equity of 10.79%. The business had revenue of $25.62 million during the quarter, compared to analyst estimates of $26.39 million. Analysts forecast that Bank of Marin Bancorp will post 2.42 earnings per share for the current year.

In other news, insider Peter Pelham sold 2,818 shares of Bank of Marin Bancorp stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $41.93, for a total value of $118,158.74. Following the sale, the insider now directly owns 16,981 shares in the company, valued at $712,013.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Russell A. Colombo sold 2,553 shares of Bank of Marin Bancorp stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $42.10, for a total transaction of $107,481.30. Following the completion of the sale, the chief executive officer now owns 65,409 shares in the company, valued at $2,753,718.90. The disclosure for this sale can be found here. Insiders sold 5,995 shares of company stock worth $251,505 over the last quarter. 5.29% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of BMRC. Bank of New York Mellon Corp increased its holdings in Bank of Marin Bancorp by 2.1% during the third quarter. Bank of New York Mellon Corp now owns 38,868 shares of the bank’s stock worth $3,261,000 after buying an additional 782 shares during the last quarter. Vanguard Group Inc. increased its holdings in Bank of Marin Bancorp by 1.1% during the third quarter. Vanguard Group Inc. now owns 335,756 shares of the bank’s stock worth $28,170,000 after buying an additional 3,751 shares during the last quarter. Bank of Montreal Can increased its holdings in Bank of Marin Bancorp by 101.3% during the fourth quarter. Bank of Montreal Can now owns 4,596 shares of the bank’s stock worth $190,000 after buying an additional 2,313 shares during the last quarter. Rhumbline Advisers increased its holdings in Bank of Marin Bancorp by 191.7% during the fourth quarter. Rhumbline Advisers now owns 19,820 shares of the bank’s stock worth $817,000 after buying an additional 13,025 shares during the last quarter. Finally, Chicago Equity Partners LLC increased its holdings in Bank of Marin Bancorp by 99.2% during the fourth quarter. Chicago Equity Partners LLC now owns 15,390 shares of the bank’s stock worth $635,000 after buying an additional 7,665 shares during the last quarter. Institutional investors and hedge funds own 42.61% of the company’s stock.

About Bank of Marin Bancorp

Bank of Marin Bancorp operates as the holding company for Bank of Marin that provides a range of financial services primarily to professionals, small and middle-market businesses, individuals, and not-for-profit organizations in California, the United States. The company offers personal and business checking and savings accounts; and time certificates of deposit, individual retirement accounts, health savings accounts, and demand deposit marketplace accounts, as well as certificate of deposit account registry and insured cash sweep services.

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