Shares of Bank of Marin Bancorp (NASDAQ:BMRC) have received a consensus broker rating score of 3.00 (Hold) from the four analysts that provide coverage for the company, Zacks Investment Research reports. Four investment analysts have rated the stock with a hold recommendation.
Analysts have set a 12-month consensus price target of $52.00 for the company and are predicting that the company will post $0.79 earnings per share for the current quarter, according to Zacks. Zacks has also given Bank of Marin Bancorp an industry rank of 179 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut shares of Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th.
Shares of Bank of Marin Bancorp (NASDAQ:BMRC) remained flat at $49.76 during mid-day trading on Wednesday. 340 shares of the stock traded hands. Bank of Marin Bancorp has a one year low of $45.65 and a one year high of $56.77. The company has a market capitalization of $302.44 million, a PE ratio of 14.99 and a beta of 0.72. The company has a 50-day moving average of $49.45 and a 200 day moving average of $49.42.
Bank of Marin Bancorp (NASDAQ:BMRC) last posted its quarterly earnings results on Monday, July 25th. The company reported $0.79 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.79. Bank of Marin Bancorp had a net margin of 24.79% and a return on equity of 9.23%. Equities research analysts forecast that Bank of Marin Bancorp will post $3.31 EPS for the current fiscal year.
In related news, Director H Robert Heller sold 1,776 shares of the stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $48.99, for a total value of $87,006.24. Following the sale, the director now owns 63 shares of the company’s stock, valued at approximately $3,086.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.94% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. BlackRock Advisors LLC boosted its stake in Bank of Marin Bancorp by 1.3% in the second quarter. BlackRock Advisors LLC now owns 3,181 shares of the company’s stock worth $154,000 after buying an additional 40 shares during the period. Private Ocean LLC boosted its position in Bank of Marin Bancorp by 0.3% in the second quarter. Private Ocean LLC now owns 3,627 shares of the company’s stock valued at $175,000 after buying an additional 11 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Bank of Marin Bancorp by 1.2% in the second quarter. JPMorgan Chase & Co. now owns 3,643 shares of the company’s stock valued at $176,000 after buying an additional 43 shares during the last quarter. KCG Holdings Inc. bought a new position in Bank of Marin Bancorp during the second quarter valued at approximately $227,000. Finally, Metropolitan Life Insurance Co. NY boosted its position in Bank of Marin Bancorp by 6.8% in the second quarter. Metropolitan Life Insurance Co. NY now owns 4,798 shares of the company’s stock valued at $232,000 after buying an additional 307 shares during the last quarter. 38.82% of the stock is currently owned by institutional investors and hedge funds.
Bank of Marin Bancorp Company Profile
Bank of Marin Bancorp (Bancorp) is the holding company for Bank of Marin (the Bank). The Company’s customer base is made up of business and personal banking relationships from the communities near the branch office locations. Its business banking focus is on small to medium-sized businesses, professionals and not-for-profit organizations.
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