Bank of Marin Bancorp (NASDAQ:BMRC) PT Lowered to $16.00 at Stephens

Bank of Marin Bancorp (NASDAQ:BMRC) had its price target cut by Stephens from $19.00 to $16.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have an equal weight rating on the bank’s stock.

Separately, DA Davidson reduced their target price on Bank of Marin Bancorp from $23.00 to $21.00 and set a neutral rating on the stock in a report on Tuesday, January 30th.

Bank of Marin Bancorp Stock Up 2.4 %

Shares of NASDAQ BMRC opened at $15.56 on Tuesday. The company has a market cap of $253.63 million, a price-to-earnings ratio of 18.75 and a beta of 0.88. The firm’s 50-day simple moving average is $16.01 and its 200 day simple moving average is $18.26. Bank of Marin Bancorp has a 12-month low of $12.89 and a 12-month high of $23.24.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its quarterly earnings results on Monday, April 29th. The bank reported $0.18 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.10). Bank of Marin Bancorp had a return on equity of 4.11% and a net margin of 9.28%. The business had revenue of $36.90 million for the quarter, compared to analyst estimates of $26.90 million. During the same quarter in the prior year, the firm earned $0.59 EPS. On average, equities analysts expect that Bank of Marin Bancorp will post 0.96 earnings per share for the current year.

Bank of Marin Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, May 9th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.00 annualized dividend and a yield of 6.43%. Bank of Marin Bancorp’s dividend payout ratio (DPR) is presently 120.48%.

Institutional Trading of Bank of Marin Bancorp

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Bank of Marin Bancorp during the 3rd quarter worth about $130,000. Rosenthal Henry Capital Advisors Inc. lifted its holdings in shares of Bank of Marin Bancorp by 135.1% during the 3rd quarter. Rosenthal Henry Capital Advisors Inc. now owns 43,500 shares of the bank’s stock worth $795,000 after acquiring an additional 25,000 shares during the period. Barclays PLC raised its holdings in shares of Bank of Marin Bancorp by 7.7% during the 3rd quarter. Barclays PLC now owns 23,605 shares of the bank’s stock worth $432,000 after buying an additional 1,683 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of Bank of Marin Bancorp by 2.5% during the 3rd quarter. Mutual of America Capital Management LLC now owns 75,776 shares of the bank’s stock valued at $1,385,000 after purchasing an additional 1,879 shares during the last quarter. Finally, North Reef Capital Management LP bought a new position in shares of Bank of Marin Bancorp in the 3rd quarter valued at $1,005,000. Institutional investors and hedge funds 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.