Shares of Bank of Marin Bancorp (NASDAQ:BMRC) have been assigned a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $73.67.
A number of brokerages have recently weighed in on BMRC. BidaskClub downgraded Bank of Marin Bancorp from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 25th. Zacks Investment Research downgraded Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. ValuEngine upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Piper Jaffray Companies restated a “hold” rating and issued a $75.00 target price on shares of Bank of Marin Bancorp in a research note on Tuesday, January 9th. Finally, DA Davidson restated a “hold” rating and issued a $72.00 target price on shares of Bank of Marin Bancorp in a research note on Tuesday, October 24th.
Shares of Bank of Marin Bancorp (NASDAQ:BMRC) traded down $1.90 during midday trading on Wednesday, hitting $67.20. The stock had a trading volume of 18,000 shares, compared to its average volume of 20,968. Bank of Marin Bancorp has a 12-month low of $59.05 and a 12-month high of $77.90. The stock has a market cap of $478.28, a P/E ratio of 26.05, a PEG ratio of 1.55 and a beta of 0.76. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.91 and a quick ratio of 0.91.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, February 2nd were paid a $0.29 dividend. The ex-dividend date was Thursday, February 1st. This represents a $1.16 annualized dividend and a yield of 1.73%. Bank of Marin Bancorp’s payout ratio is 44.96%.
In other Bank of Marin Bancorp news, CEO Russell A. Colombo sold 911 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $68.00, for a total transaction of $61,948.00. Following the sale, the chief executive officer now owns 26,133 shares in the company, valued at $1,777,044. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.17% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. increased its holdings in shares of Bank of Marin Bancorp by 33.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 12,100 shares of the bank’s stock worth $745,000 after purchasing an additional 3,000 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Bank of Marin Bancorp by 29.5% in the second quarter. Alliancebernstein L.P. now owns 6,590 shares of the bank’s stock worth $406,000 after purchasing an additional 1,500 shares during the period. Teachers Advisors LLC increased its holdings in shares of Bank of Marin Bancorp by 15.8% in the second quarter. Teachers Advisors LLC now owns 10,752 shares of the bank’s stock worth $662,000 after purchasing an additional 1,464 shares during the period. Ameriprise Financial Inc. bought a new position in shares of Bank of Marin Bancorp in the second quarter worth $472,000. Finally, Nationwide Fund Advisors increased its holdings in shares of Bank of Marin Bancorp by 6.9% in the second quarter. Nationwide Fund Advisors now owns 9,482 shares of the bank’s stock worth $584,000 after purchasing an additional 611 shares during the period. Hedge funds and other institutional investors own 41.47% of the company’s stock.
WARNING: This story was originally posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.com-unik.info/2018/02/21/bank-of-marin-bancorp-bmrc-receives-average-recommendation-of-hold-from-brokerages.html.
Bank of Marin Bancorp Company Profile
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.
Receive News & Ratings for Bank of Marin Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Marin Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.