Bank of Marin Bancorp (NASDAQ:BMRC) CEO Russell A. Colombo sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $44.57, for a total value of $22,285.00. Following the completion of the sale, the chief executive officer now owns 19,390 shares of the company’s stock, valued at $864,212.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of BMRC traded down $0.05 during trading hours on Friday, hitting $45.10. 291 shares of the stock were exchanged, compared to its average volume of 23,435. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.89 and a current ratio of 0.89. Bank of Marin Bancorp has a 12-month low of $38.00 and a 12-month high of $45.55. The company has a market cap of $611.63 million, a price-to-earnings ratio of 19.36 and a beta of 0.54. The stock’s 50-day moving average price is $42.57 and its two-hundred day moving average price is $42.09.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its quarterly earnings results on Monday, October 21st. The bank reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.08. Bank of Marin Bancorp had a return on equity of 10.83% and a net margin of 31.54%. The firm had revenue of $26.87 million during the quarter, compared to analysts’ expectations of $26.19 million. On average, research analysts expect that Bank of Marin Bancorp will post 2.44 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, November 1st will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Thursday, October 31st. Bank of Marin Bancorp’s payout ratio is 36.05%.

BMRC has been the subject of a number of recent analyst reports. ValuEngine cut Bank of Marin Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 5th. Zacks Investment Research upgraded Bank of Marin Bancorp from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, BidaskClub upgraded Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, October 22nd.

Several institutional investors and hedge funds have recently modified their holdings of BMRC. Meeder Asset Management Inc. increased its position in shares of Bank of Marin Bancorp by 205.4% during the second quarter. Meeder Asset Management Inc. now owns 855 shares of the bank’s stock worth $35,000 after purchasing an additional 575 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Bank of Marin Bancorp by 648.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,460 shares of the bank’s stock worth $59,000 after buying an additional 1,265 shares during the last quarter. Marshall Wace LLP acquired a new position in Bank of Marin Bancorp during the first quarter worth $75,000. TRUE Private Wealth Advisors acquired a new position in Bank of Marin Bancorp during the second quarter worth $82,000. Finally, Bank of Montreal Can boosted its stake in Bank of Marin Bancorp by 31.8% during the second quarter. Bank of Montreal Can now owns 5,274 shares of the bank’s stock worth $217,000 after buying an additional 1,272 shares during the last quarter. Hedge funds and other institutional investors own 44.98% of the company’s stock.

Bank of Marin Bancorp Company Profile

Bank of Marin Bancorp operates as the holding company for Bank of Marin that provides a range of financial services primarily to professionals, small and middle-market businesses, individuals, and not-for-profit organizations in California, the United States. The company offers personal and business checking and savings accounts; and time certificates of deposit, individual retirement accounts, health savings accounts, and demand deposit marketplace accounts, as well as certificate of deposit account registry and insured cash sweep services.

Recommended Story: Market Capitalization and Individual Investors

Insider Buying and Selling by Quarter for Bank of Marin Bancorp (NASDAQ:BMRC)

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.