Bank of Marin Bancorp (NASDAQ:BMRC) Receives “Overweight” Rating from Stephens

Stephens reiterated their overweight rating on shares of Bank of Marin Bancorp (NASDAQ:BMRC) in a research report released on Wednesday morning,Benzinga reports. The firm currently has a $30.00 price objective on the bank’s stock.

Other equities research analysts also recently issued research reports about the company. StockNews.com downgraded Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd. DA Davidson raised Bank of Marin Bancorp from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods lifted their price target on Bank of Marin Bancorp from $26.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th.

Bank of Marin Bancorp Trading Up 1.7 %

Shares of Bank of Marin Bancorp stock opened at $24.99 on Wednesday. Bank of Marin Bancorp has a 52 week low of $14.11 and a 52 week high of $27.11. The stock has a market cap of $401.91 million, a PE ratio of -29.06 and a beta of 0.93. The company’s 50-day moving average price is $24.24 and its two-hundred day moving average price is $22.22.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its quarterly earnings data on Monday, January 27th. The bank reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.06. Bank of Marin Bancorp had a negative net margin of 9.49% and a positive return on equity of 3.05%. During the same period in the previous year, the company posted $0.04 EPS. On average, equities analysts predict that Bank of Marin Bancorp will post 0.9 EPS for the current fiscal year.

Bank of Marin Bancorp Dividend Announcement

The company also recently announced 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. This represents a $1.00 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend is Thursday, February 6th. Bank of Marin Bancorp’s dividend payout ratio (DPR) is currently -192.31%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BMRC. Quantbot Technologies LP purchased a new stake in Bank of Marin Bancorp in the 3rd quarter worth about $74,000. SG Americas Securities LLC purchased a new stake in shares of Bank of Marin Bancorp in the third quarter worth approximately $122,000. Hsbc Holdings PLC lifted its position in shares of Bank of Marin Bancorp by 21.1% in the second quarter. Hsbc Holdings PLC now owns 12,254 shares of the bank’s stock worth $199,000 after purchasing an additional 2,131 shares in the last quarter. Ballentine Partners LLC acquired a new stake in shares of Bank of Marin Bancorp during the fourth quarter worth approximately $214,000. Finally, Sei Investments Co. grew its position in Bank of Marin Bancorp by 23.3% during the second quarter. Sei Investments Co. now owns 14,275 shares of the bank’s stock valued at $231,000 after purchasing an additional 2,700 shares in the last quarter. Hedge funds and other institutional investors own 52.26% of the company’s stock.

About Bank of Marin Bancorp

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.