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

StockNews.com upgraded shares of Bank of Marin Bancorp (NASDAQ:BMRC) from a sell rating to a hold rating in a research note issued to investors on Friday morning.

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

Bank of Marin Bancorp Price Performance

Shares of NASDAQ BMRC opened at $25.27 on Friday. The business has a 50-day moving average of $24.22 and a two-hundred day moving average of $22.26. The company has a market capitalization of $406.34 million, a price-to-earnings ratio of -48.60 and a beta of 0.93. Bank of Marin Bancorp has a 1 year low of $14.11 and a 1 year high of $27.11.

Bank of Marin Bancorp (NASDAQ:BMRC) last posted its 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 positive return on equity of 3.33% and a negative net margin of 5.52%. During the same quarter in the previous year, the business earned $0.04 earnings per share. As a group, equities research analysts expect that Bank of Marin Bancorp will post 1.6 earnings per share for the current year.

Bank of Marin Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Thursday, February 6th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date is Thursday, February 6th. Bank of Marin Bancorp’s dividend payout ratio is currently -192.30%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new stake in shares of Bank of Marin Bancorp during the third quarter worth about $74,000. SG Americas Securities LLC acquired a new position in Bank of Marin Bancorp in the 3rd quarter valued at about $122,000. Hsbc Holdings PLC raised its stake in 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 acquiring an additional 2,131 shares during the last quarter. Ballentine Partners LLC acquired a new stake in Bank of Marin Bancorp during the 4th quarter worth approximately $214,000. Finally, Angel Oak Capital Advisors LLC purchased a new position in shares of Bank of Marin Bancorp in the 4th quarter valued at approximately $214,000. 52.26% of the stock is currently owned by institutional investors and hedge funds.

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.