Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $23.12 and traded as high as $24.71. Bank of Marin Bancorp shares last traded at $23.41, with a volume of 57,393 shares.
Wall Street Analysts Forecast Growth
Several brokerages have commented on BMRC. StockNews.com upgraded shares of Bank of Marin Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Stephens restated an "overweight" rating and issued a $30.00 target price on shares of Bank of Marin Bancorp in a research report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Bank of Marin Bancorp from $26.00 to $30.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th.
Check Out Our Latest Research Report on BMRC
Bank of Marin Bancorp Trading Down 3.7 %
The stock has a 50-day moving average of $24.16 and a two-hundred day moving average of $23.20. The firm has a market cap of $360.74 million, a price-to-earnings ratio of -43.13 and a beta of 0.91.
Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last announced its earnings results on Monday, January 27th. The bank reported $0.38 EPS for the quarter, topping the consensus estimate of $0.32 by $0.06. Bank of Marin Bancorp had a negative net margin of 5.52% and a positive return on equity of 3.33%. During the same period in the previous year, the business earned $0.04 earnings per share. Sell-side analysts expect that Bank of Marin Bancorp will post 1.61 EPS for the current fiscal year.
Bank of Marin Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Thursday, February 6th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.46%. Bank of Marin Bancorp's payout ratio is currently -192.31%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Two Sigma Advisers LP boosted its position in Bank of Marin Bancorp by 7.7% during the 4th quarter. Two Sigma Advisers LP now owns 52,964 shares of the bank's stock worth $1,259,000 after acquiring an additional 3,800 shares during the period. Quantinno Capital Management LP acquired a new stake in shares of Bank of Marin Bancorp during the fourth quarter worth approximately $224,000. Deutsche Bank AG grew its position in Bank of Marin Bancorp by 148.1% during the fourth quarter. Deutsche Bank AG now owns 15,517 shares of the bank's stock valued at $369,000 after purchasing an additional 9,262 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in Bank of Marin Bancorp by 1.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 100,607 shares of the bank's stock valued at $2,391,000 after buying an additional 1,150 shares during the period. Finally, Bank of America Corp DE lifted its position in Bank of Marin Bancorp by 26.8% in the 4th quarter. Bank of America Corp DE now owns 44,569 shares of the bank's stock worth $1,059,000 after buying an additional 9,427 shares in the last quarter. Hedge funds and other institutional investors own 52.26% of the company's stock.
About Bank of Marin Bancorp
(
Get Free Report)
Bank of Marin Bancorp operates as the holding company for Bank of Marin that provides a range of financial services primarily to small to medium-sized businesses, not-for-profit organizations, and commercial real estate investors in the United States. The company offers personal and business checking and savings accounts; and individual retirement, health savings, and demand deposit marketplace accounts, as well as time certificates of deposit, certificate of deposit account registry, and insured cash sweep services.
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