Bank of Marin Bancorp (NASDAQ:BMRC) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Bank of Marin Bancorp (NASDAQ:BMRC) have been given a consensus rating of “Moderate Buy” by the six brokerages that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $30.10.

A number of equities analysts have weighed in on BMRC shares. Wall Street Zen lowered shares of Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Weiss Ratings restated a “hold (c+)” rating on shares of Bank of Marin Bancorp in a research note on Monday, December 29th. Piper Sandler reaffirmed a “neutral” rating and issued a $30.50 price objective on shares of Bank of Marin Bancorp in a report on Tuesday, January 27th. Finally, Stephens reiterated an “overweight” rating and issued a $29.00 price objective on shares of Bank of Marin Bancorp in a research note on Tuesday, January 27th.

Institutional Trading of Bank of Marin Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CANADA LIFE ASSURANCE Co lifted its holdings in Bank of Marin Bancorp by 33.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,507 shares of the bank’s stock worth $39,000 after purchasing an additional 379 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Bank of Marin Bancorp by 17.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,753 shares of the bank’s stock valued at $72,000 after buying an additional 407 shares during the period. State of Wyoming lifted its holdings in shares of Bank of Marin Bancorp by 2.8% in the fourth quarter. State of Wyoming now owns 15,885 shares of the bank’s stock worth $413,000 after buying an additional 433 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Bank of Marin Bancorp by 7.1% in the second quarter. First Trust Advisors LP now owns 10,536 shares of the bank’s stock valued at $241,000 after acquiring an additional 696 shares during the period. Finally, Ieq Capital LLC boosted its position in shares of Bank of Marin Bancorp by 11.9% in the fourth quarter. Ieq Capital LLC now owns 9,556 shares of the bank’s stock valued at $249,000 after acquiring an additional 1,015 shares during the period. 52.26% of the stock is currently owned by institutional investors.

Bank of Marin Bancorp Price Performance

Shares of NASDAQ BMRC opened at $24.49 on Monday. The stock has a market capitalization of $394.04 million, a PE ratio of -10.88 and a beta of 0.89. Bank of Marin Bancorp has a one year low of $19.14 and a one year high of $28.48. The business’s fifty day moving average price is $26.49 and its 200-day moving average price is $25.72.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its quarterly earnings data on Monday, January 26th. The bank reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.08. Bank of Marin Bancorp had a positive return on equity of 6.00% and a negative net margin of 21.76%.The company had revenue of ($35.47) million during the quarter, compared to analyst estimates of $32.96 million. As a group, equities analysts expect that Bank of Marin Bancorp will post 1.61 EPS for the current fiscal year.

Bank of Marin Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Thursday, February 5th. Bank of Marin Bancorp’s dividend payout ratio (DPR) is presently -44.44%.

About Bank of Marin Bancorp

Bank of Marin Bancorp is the bank holding company for Bank of Marin, a community-oriented financial institution headquartered in Novato, California. Through its subsidiary, the company provides a broad range of banking services to individuals, small and medium-sized businesses, and nonprofit organizations. Its operating philosophy emphasizes personalized service and strong local relationships across the San Francisco North Bay region.

The company’s core product offerings include deposit accounts such as checking, savings, money market and time certificates of deposit.