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

Shares of Bank of Marin Bancorp (NASDAQ:BMRC) have earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. Two 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 1-year price target among brokerages that have covered the stock in the last year is $28.40.

Several research firms have issued reports on BMRC. Weiss Ratings restated a “hold (c+)” rating on shares of Bank of Marin Bancorp in a research report on Monday, December 29th. Wall Street Zen raised Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th. Zacks Research upgraded Bank of Marin Bancorp from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. UBS Group set a $30.00 price target on Bank of Marin Bancorp in a research note on Wednesday, October 29th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $30.00 price objective (up previously from $27.00) on shares of Bank of Marin Bancorp in a research report on Wednesday, October 29th.

Hedge Funds Weigh In On Bank of Marin Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of BMRC. First Trust Advisors LP grew its stake 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 worth $241,000 after purchasing an additional 696 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Bank of Marin Bancorp by 124.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,875 shares of the bank’s stock worth $43,000 after buying an additional 1,040 shares during the period. CWM LLC grew its position in shares of Bank of Marin Bancorp by 41.5% in the 2nd quarter. CWM LLC now owns 3,895 shares of the bank’s stock worth $89,000 after buying an additional 1,142 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Bank of Marin Bancorp by 2,543.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,269 shares of the bank’s stock worth $31,000 after buying an additional 1,221 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Bank of Marin Bancorp by 88.2% during the third quarter. BNP Paribas Financial Markets now owns 2,893 shares of the bank’s stock valued at $70,000 after buying an additional 1,356 shares during the period. 52.26% of the stock is owned by institutional investors.

Bank of Marin Bancorp Price Performance

Shares of NASDAQ BMRC opened at $26.03 on Friday. The stock has a market capitalization of $418.82 million, a P/E ratio of 41.98 and a beta of 0.86. Bank of Marin Bancorp has a one year low of $19.14 and a one year high of $28.48. The firm’s 50 day simple moving average is $26.54 and its two-hundred day simple moving average is $24.97.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its quarterly earnings data on Monday, March 7th. The bank reported $0.61 earnings per share (EPS) for the quarter. The company had revenue of $31.32 million during the quarter. Bank of Marin Bancorp had a net margin of 6.22% and a return on equity of 5.25%. As a group, equities analysts expect that Bank of Marin Bancorp will post 1.61 earnings per share for the current fiscal year.

Bank of Marin Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Thursday, November 6th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $1.00 annualized dividend and a yield of 3.8%. Bank of Marin Bancorp’s dividend payout ratio is presently 161.29%.

Bank of Marin Bancorp Company Profile

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.