BidaskClub upgraded shares of Bank of Marin Bancorp (NASDAQ:BMRC) from a sell rating to a hold rating in a research report report published on Sunday morning.

A number of other equities research analysts have also recently commented on BMRC. Zacks Investment Research cut Bank of Marin Bancorp from a buy rating to a hold rating in a research note on Monday, October 16th. DA Davidson reiterated a hold rating and set a $72.00 target price on shares of Bank of Marin Bancorp in a research note on Tuesday, October 24th. Piper Jaffray Companies set a $72.00 price objective on Bank of Marin Bancorp and gave the stock a hold rating in a report on Tuesday, November 28th. Keefe, Bruyette & Woods reissued a hold rating and issued a $74.00 price objective on shares of Bank of Marin Bancorp in a report on Friday, December 22nd. Finally, ValuEngine raised Bank of Marin Bancorp from a hold rating to a buy rating in a report on Sunday, December 31st. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Bank of Marin Bancorp has an average rating of Hold and an average price target of $74.75.

Shares of Bank of Marin Bancorp (NASDAQ BMRC) opened at $67.15 on Friday. The company has a market capitalization of $414.85, a price-to-earnings ratio of 26.03, a PEG ratio of 1.51 and a beta of 0.76. Bank of Marin Bancorp has a 52 week low of $59.05 and a 52 week high of $77.90. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.91 and a current ratio of 0.91.

Bank of Marin Bancorp (NASDAQ:BMRC) last released its earnings results on Monday, January 22nd. The bank reported $0.80 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.06). The business had revenue of $22.13 million for the quarter, compared to the consensus estimate of $22.10 million. Bank of Marin Bancorp had a return on equity of 8.57% and a net margin of 18.83%. research analysts predict that Bank of Marin Bancorp will post 4.05 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, February 2nd were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.73%. The ex-dividend date was Thursday, February 1st. Bank of Marin Bancorp’s dividend payout ratio (DPR) is currently 44.96%.

In other news, Director Leslie E. Murphy acquired 3,676 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was bought at an average price of $68.00 per share, with a total value of $249,968.00. Following the acquisition, the director now owns 3,936 shares in the company, valued at approximately $267,648. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.17% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in BMRC. Sei Investments Co. purchased a new stake in Bank of Marin Bancorp in the 3rd quarter worth about $8,794,000. BlackRock Inc. increased its holdings in Bank of Marin Bancorp by 12.3% in the 4th quarter. BlackRock Inc. now owns 525,495 shares of the bank’s stock worth $35,733,000 after acquiring an additional 57,520 shares during the last quarter. Banc Funds Co. LLC increased its holdings in Bank of Marin Bancorp by 24.4% in the 4th quarter. Banc Funds Co. LLC now owns 183,304 shares of the bank’s stock worth $12,465,000 after acquiring an additional 35,939 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Bank of Marin Bancorp by 37.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 111,831 shares of the bank’s stock worth $7,660,000 after acquiring an additional 30,461 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in Bank of Marin Bancorp in the 4th quarter worth about $1,170,000. 41.70% of the stock is owned by institutional investors.

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About Bank of Marin Bancorp

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.

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