Bank of Marin Bancorp (NASDAQ:BMRC) Earns Overweight Rating from Stephens

Stephens reaffirmed their overweight rating on shares of Bank of Marin Bancorp (NASDAQ:BMRC - Free Report) in a research report report published on Wednesday,Benzinga reports. They currently have a $30.00 price target on the bank's stock.

Several other research firms have also recently weighed in on BMRC. StockNews.com cut shares of Bank of Marin Bancorp from a "hold" rating to a "sell" rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their price target on shares of Bank of Marin Bancorp from $26.00 to $30.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. Finally, DA Davidson upgraded shares of Bank of Marin Bancorp from a "neutral" rating to a "buy" rating and set a $24.00 target price on the stock in a research note on Thursday, October 10th.

Bank of Marin Bancorp Price Performance

Shares of NASDAQ:BMRC traded up $0.18 during midday trading on Wednesday, hitting $25.17. 43,163 shares of the company's stock were exchanged, compared to its average volume of 52,872. Bank of Marin Bancorp has a 12 month low of $14.11 and a 12 month high of $27.11. The company has a market cap of $404.73 million, a PE ratio of -29.27 and a beta of 0.93. The stock has a 50 day moving average price of $24.23 and a 200-day moving average price of $22.24.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The bank reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.06. Bank of Marin Bancorp had a negative net margin of 9.49% and a positive return on equity of 3.05%. During the same quarter in the previous year, the firm earned $0.04 EPS. On average, analysts anticipate that Bank of Marin Bancorp will post 0.9 EPS for the current fiscal year.

Bank of Marin Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Thursday, February 6th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend is Thursday, February 6th. Bank of Marin Bancorp's payout ratio is -116.28%.

Institutional Trading of Bank of Marin Bancorp

Institutional investors have recently modified their holdings of the business. Quantbot Technologies LP purchased a new stake in shares of Bank of Marin Bancorp during the 3rd quarter valued at approximately $74,000. SG Americas Securities LLC purchased a new stake in shares of Bank of Marin Bancorp during the 3rd quarter valued at approximately $122,000. Ballentine Partners LLC purchased a new stake in shares of Bank of Marin Bancorp during the 4th quarter valued at approximately $214,000. Hsbc Holdings PLC lifted its stake in shares of Bank of Marin Bancorp by 21.1% during the 2nd quarter. Hsbc Holdings PLC now owns 12,254 shares of the bank's stock valued at $199,000 after buying an additional 2,131 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Bank of Marin Bancorp by 23.3% during the 2nd quarter. Sei Investments Co. now owns 14,275 shares of the bank's stock valued at $231,000 after buying an additional 2,700 shares in the last quarter. 52.26% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Marin Bancorp Company Profile

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.