Bank of Marin Bancorp (NASDAQ:BMRC) Upgraded at StockNews.com

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Friday.

A number of other brokerages also recently commented on BMRC. DA Davidson upgraded Bank of Marin Bancorp from a "neutral" rating to a "buy" rating and set a $24.00 price objective for the company in a research report on Thursday, October 10th. Keefe, Bruyette & Woods raised their target price on Bank of Marin Bancorp from $26.00 to $30.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. Finally, Stephens reissued an "overweight" rating and issued a $30.00 price target on shares of Bank of Marin Bancorp in a report on Wednesday, January 29th.

Bank of Marin Bancorp Trading Down 2.5 %

NASDAQ:BMRC traded down $0.62 during trading hours on Friday, hitting $24.65. 56,567 shares of the company traded hands, compared to its average volume of 51,879. The stock has a market capitalization of $396.37 million, a price-to-earnings ratio of -47.40 and a beta of 0.94. The firm has a 50-day moving average of $24.20 and a 200 day moving average of $22.31. Bank of Marin Bancorp has a twelve month low of $14.11 and a twelve month high of $27.11.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The bank reported $0.38 EPS for the quarter, beating analysts' consensus estimates 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 quarter last year, the company earned $0.04 earnings per share. Equities research analysts predict that Bank of Marin Bancorp will post 1.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bank of Marin Bancorp

Several large investors have recently made changes to their positions in the company. Angel Oak Capital Advisors LLC acquired a new position in shares of Bank of Marin Bancorp in the 4th quarter worth approximately $214,000. Rhumbline Advisers boosted its stake in Bank of Marin Bancorp by 6.9% in the fourth quarter. Rhumbline Advisers now owns 25,183 shares of the bank's stock worth $599,000 after purchasing an additional 1,621 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Bank of Marin Bancorp by 5.1% during the fourth quarter. Empowered Funds LLC now owns 23,794 shares of the bank's stock worth $566,000 after purchasing an additional 1,150 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Bank of Marin Bancorp by 7.1% in the fourth quarter. SG Americas Securities LLC now owns 6,509 shares of the bank's stock valued at $155,000 after buying an additional 430 shares in the last quarter. Finally, Ballentine Partners LLC bought a new position in shares of Bank of Marin Bancorp in the fourth quarter valued at about $214,000. Institutional investors own 52.26% 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 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.