Piper Jaffray Companies set a $72.00 price objective on Bank of Marin Bancorp (NASDAQ:BMRC) in a report issued on Tuesday. The firm currently has a hold rating on the bank’s stock.

A number of other brokerages also recently issued reports on BMRC. Zacks Investment Research upgraded Bank of Marin Bancorp from a hold rating to a strong-buy rating and set a $81.00 price objective for the company in a research note on Wednesday, October 25th. DA Davidson restated 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 stock presently has an average rating of Hold and an average target price of $72.60.

Shares of Bank of Marin Bancorp (BMRC) traded down $2.00 during trading on Tuesday, reaching $70.45. The company had a trading volume of 23,600 shares, compared to its average volume of 19,043. Bank of Marin Bancorp has a 1-year low of $59.05 and a 1-year high of $75.05. The company has a market capitalization of $428.75, a P/E ratio of 20.47, a P/E/G ratio of 1.90 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 (NASDAQ:BMRC) last announced its quarterly earnings results on Monday, October 23rd. The bank reported $0.83 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. Bank of Marin Bancorp had a return on equity of 8.85% and a net margin of 24.74%. The business had revenue of $20.85 million during the quarter, compared to the consensus estimate of $20.71 million. sell-side analysts anticipate that Bank of Marin Bancorp will post 3.31 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, November 3rd were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $1.16 annualized dividend and a dividend yield of 1.65%. Bank of Marin Bancorp’s payout ratio is 34.73%.

In other news, Director Leslie E. Murphy purchased 3,676 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was bought at an average price 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.17% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in shares of Bank of Marin Bancorp by 13.9% in the 1st quarter. Bank of America Corp DE now owns 1,684 shares of the bank’s stock valued at $108,000 after acquiring an additional 206 shares in the last quarter. Context BH Capital Management LP raised its holdings in shares of Bank of Marin Bancorp by 3.2% in the 2nd quarter. Context BH Capital Management LP now owns 9,720 shares of the bank’s stock valued at $598,000 after acquiring an additional 300 shares in the last quarter. State Street Corp raised its holdings in shares of Bank of Marin Bancorp by 0.4% in the 2nd quarter. State Street Corp now owns 102,879 shares of the bank’s stock valued at $6,328,000 after acquiring an additional 396 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of Bank of Marin Bancorp by 0.8% in the 2nd quarter. Mutual of America Capital Management LLC now owns 63,259 shares of the bank’s stock valued at $3,894,000 after acquiring an additional 532 shares in the last quarter. Finally, Nationwide Fund Advisors raised its holdings in shares of Bank of Marin Bancorp by 6.9% in the 2nd quarter. Nationwide Fund Advisors now owns 9,482 shares of the bank’s stock valued at $584,000 after acquiring an additional 611 shares in the last quarter. Institutional investors own 45.23% 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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