Bank of Marin Bancorp (NASDAQ:BMRC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Bank of Marin Bancorp (NASDAQ:BMRC) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $28.40.

A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $30.00 target price (up previously from $27.00) on shares of Bank of Marin Bancorp in a report on Wednesday, October 29th. DA Davidson lifted their price target on Bank of Marin Bancorp from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Wall Street Zen upgraded Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Bank of Marin Bancorp in a report on Monday, December 29th. Finally, UBS Group set a $30.00 target price on shares of Bank of Marin Bancorp in a research report on Wednesday, October 29th.

Institutional Trading of Bank of Marin Bancorp

A number of hedge funds have recently made changes to their positions in BMRC. SG Americas Securities LLC bought a new position in Bank of Marin Bancorp during the 4th quarter valued at approximately $115,000. HoldCo Asset Management LP grew its stake in shares of Bank of Marin Bancorp by 23.8% in the third quarter. HoldCo Asset Management LP now owns 504,411 shares of the bank’s stock worth $12,247,000 after acquiring an additional 97,000 shares during the last quarter. Brevan Howard Capital Management LP bought a new position in shares of Bank of Marin Bancorp during the third quarter valued at $282,000. Ameriprise Financial Inc. raised its position in shares of Bank of Marin Bancorp by 2.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 378,065 shares of the bank’s stock worth $9,179,000 after purchasing an additional 8,022 shares during the last quarter. Finally, Creative Planning raised its position in shares of Bank of Marin Bancorp by 12.7% in the 3rd quarter. Creative Planning now owns 60,133 shares of the bank’s stock worth $1,460,000 after purchasing an additional 6,770 shares during the last quarter. 52.26% of the stock is owned by institutional investors.

Bank of Marin Bancorp Trading Down 1.6%

Shares of NASDAQ BMRC opened at $26.03 on Friday. The firm has a fifty day simple moving average of $26.54 and a two-hundred day simple moving average of $24.97. Bank of Marin Bancorp has a 12 month low of $19.14 and a 12 month high of $28.48. The firm has a market capitalization of $418.82 million, a PE ratio of 41.98 and a beta of 0.86.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its quarterly earnings results on Monday, March 7th. The bank reported $0.61 earnings per share (EPS) for the quarter. Bank of Marin Bancorp had a net margin of 6.22% and a return on equity of 5.25%. The company had revenue of $31.32 million for the quarter. On average, sell-side analysts predict that Bank of Marin Bancorp will post 1.61 earnings per share for the current year.

Bank of Marin Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Thursday, November 6th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.8%. Bank of Marin Bancorp’s dividend payout ratio (DPR) is currently 161.29%.

Bank of Marin Bancorp Company Profile

Bank of Marin Bancorp is the bank holding company for Bank of Marin, a community-oriented financial institution headquartered in Novato, California. Through its subsidiary, the company provides a broad range of banking services to individuals, small and medium-sized businesses, and nonprofit organizations. Its operating philosophy emphasizes personalized service and strong local relationships across the San Francisco North Bay region.

The company’s core product offerings include deposit accounts such as checking, savings, money market and time certificates of deposit.