Bank of Marin Bancorp (NASDAQ:BMRC) Upgraded at StockNews.com

StockNews.com upgraded shares of Bank of Marin Bancorp (NASDAQ:BMRC) from a sell rating to a hold rating in a research report sent to investors on Friday.

Other equities analysts also recently issued research reports about the stock. Stephens reaffirmed an “overweight” rating and set a $30.00 price target on shares of Bank of Marin Bancorp in a research note on Wednesday, January 29th. DA Davidson raised Bank of Marin Bancorp from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods boosted their price target on Bank of Marin Bancorp from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th.

Bank of Marin Bancorp Stock Performance

Shares of BMRC opened at $25.27 on Friday. The company has a market capitalization of $406.34 million, a PE ratio of -48.60 and a beta of 0.93. Bank of Marin Bancorp has a fifty-two week low of $14.11 and a fifty-two week high of $27.11. The stock has a fifty day moving average of $24.20 and a two-hundred day moving average of $22.31.

Bank of Marin Bancorp (NASDAQ:BMRC) last posted its quarterly earnings data on Monday, January 27th. The bank reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. Bank of Marin Bancorp had a negative net margin of 5.52% and a positive return on equity of 3.33%. During the same quarter in the prior year, the company posted $0.04 earnings per share. As a group, equities research analysts forecast that Bank of Marin Bancorp will post 1.6 earnings per share for the current fiscal year.

Bank of Marin Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Thursday, February 6th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 3.96%. Bank of Marin Bancorp’s dividend payout ratio is currently -192.30%.

Hedge Funds Weigh In On Bank of Marin Bancorp

A number of hedge funds have recently made changes to their positions in BMRC. Quantbot Technologies LP acquired a new stake in Bank of Marin Bancorp in the 3rd quarter valued at $74,000. SG Americas Securities LLC acquired a new stake in shares of Bank of Marin Bancorp in the third quarter valued at about $122,000. Hsbc Holdings PLC raised its holdings in shares of Bank of Marin Bancorp by 21.1% during the 2nd quarter. Hsbc Holdings PLC now owns 12,254 shares of the bank’s stock valued at $199,000 after buying an additional 2,131 shares during the period. Ballentine Partners LLC acquired a new position in Bank of Marin Bancorp during the 4th quarter worth approximately $214,000. Finally, Angel Oak Capital Advisors LLC acquired a new position in Bank of Marin Bancorp during the 4th quarter worth approximately $214,000. Hedge funds and other institutional investors own 52.26% 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 small to medium-sized businesses, not-for-profit organizations, and commercial real estate investors in the United States. The company offers personal and business checking and savings accounts; and individual retirement, health savings, and demand deposit marketplace accounts, as well as time certificates of deposit, certificate of deposit account registry, and insured cash sweep services.