Bank of Marin Bancorp (NASDAQ:BMRC) CEO Russell A. Colombo sold 500 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $45.20, for a total value of $22,600.00. Following the completion of the transaction, the chief executive officer now owns 19,390 shares of the company’s stock, valued at approximately $876,428. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Bank of Marin Bancorp stock traded down $0.15 on Friday, hitting $46.08. 480 shares of the company’s stock traded hands, compared to its average volume of 22,649. The stock has a market cap of $612.29 million, a P/E ratio of 19.70 and a beta of 0.55. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.05. The firm’s 50-day moving average is $44.87 and its 200 day moving average is $42.61. Bank of Marin Bancorp has a 52-week low of $38.00 and a 52-week high of $46.85.
Bank of Marin Bancorp (NASDAQ:BMRC) last released its earnings results on Monday, October 21st. The bank reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.08. The company had revenue of $26.87 million during the quarter, compared to analysts’ expectations of $26.19 million. Bank of Marin Bancorp had a return on equity of 10.73% and a net margin of 31.54%. Equities research analysts forecast that Bank of Marin Bancorp will post 2.44 EPS for the current year.
A number of equities analysts have weighed in on the company. ValuEngine cut Bank of Marin Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, September 5th. Zacks Investment Research upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Thursday. Finally, BidaskClub upgraded Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 22nd.
Several institutional investors have recently added to or reduced their stakes in BMRC. Meeder Asset Management Inc. boosted its stake in shares of Bank of Marin Bancorp by 205.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 855 shares of the bank’s stock valued at $35,000 after buying an additional 575 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Bank of Marin Bancorp by 648.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,460 shares of the bank’s stock valued at $59,000 after buying an additional 1,265 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Bank of Marin Bancorp during the 1st quarter valued at approximately $75,000. TRUE Private Wealth Advisors purchased a new position in shares of Bank of Marin Bancorp during the 2nd quarter valued at approximately $82,000. Finally, Bank of Montreal Can boosted its stake in shares of Bank of Marin Bancorp by 31.8% during the 2nd quarter. Bank of Montreal Can now owns 5,274 shares of the bank’s stock valued at $217,000 after buying an additional 1,272 shares during the last quarter. Institutional investors own 44.28% 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 professionals, small and middle-market businesses, individuals, and not-for-profit organizations in California, the United States. The company offers personal and business checking and savings accounts; and time certificates of deposit, individual retirement accounts, health savings accounts, and demand deposit marketplace accounts, as well as certificate of deposit account registry and insured cash sweep services.
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