Bank of Marin Bancorp (BMRC) Raised to “Sell” at BidaskClub

Bank of Marin Bancorp (NASDAQ:BMRC) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Saturday.

BMRC has been the topic of a number of other research reports. ValuEngine raised shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $74.00 price objective on shares of Bank of Marin Bancorp in a report on Friday, December 22nd. Zacks Investment Research raised shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a report on Monday, September 25th. Piper Jaffray Companies set a $72.00 price objective on shares of Bank of Marin Bancorp and gave the stock a “hold” rating in a report on Tuesday, November 28th. Finally, DA Davidson reissued a “hold” rating and set a $72.00 price objective on shares of Bank of Marin Bancorp in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Bank of Marin Bancorp presently has a consensus rating of “Hold” and an average target price of $73.80.

Shares of Bank of Marin Bancorp (NASDAQ:BMRC) opened at $71.25 on Friday. The firm has a market cap of $434.31, a P/E ratio of 21.40, a P/E/G ratio of 1.67 and a beta of 0.80. Bank of Marin Bancorp has a 1-year low of $59.05 and a 1-year high of $77.90. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.02.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its earnings results on Monday, October 23rd. The bank reported $0.83 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. Bank of Marin Bancorp had a net margin of 24.74% and a return on equity of 8.85%. The firm had revenue of $20.85 million for the quarter, compared to analysts’ expectations of $20.71 million. equities analysts forecast that Bank of Marin Bancorp will post 3.27 EPS for the current year.

In other Bank of Marin Bancorp news, Director Leslie E. Murphy bought 3,676 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were acquired at an average cost of $68.00 per share, for a total transaction of $249,968.00. Following the completion of the transaction, the director now owns 3,936 shares in the company, valued at approximately $267,648. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 5.17% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Confluence Investment Management LLC grew its position in shares of Bank of Marin Bancorp by 2.0% during the fourth quarter. Confluence Investment Management LLC now owns 68,392 shares of the bank’s stock worth $4,651,000 after acquiring an additional 1,373 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Bank of Marin Bancorp by 37.4% during the third quarter. Dimensional Fund Advisors LP now owns 111,831 shares of the bank’s stock worth $7,660,000 after acquiring an additional 30,461 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Bank of Marin Bancorp during the third quarter worth approximately $113,000. Russell Investments Group Ltd. grew its position in shares of Bank of Marin Bancorp by 17.8% during the third quarter. Russell Investments Group Ltd. now owns 13,593 shares of the bank’s stock worth $931,000 after acquiring an additional 2,053 shares during the last quarter. Finally, New York State Common Retirement Fund grew its position in shares of Bank of Marin Bancorp by 16.6% during the third quarter. New York State Common Retirement Fund now owns 8,513 shares of the bank’s stock worth $583,000 after acquiring an additional 1,213 shares during the last quarter. Institutional investors and hedge funds own 45.95% of the company’s stock.

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About Bank of Marin Bancorp

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. The Company operates through 23 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.

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