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 - Free Report) in a report published on Tuesday morning,Benzinga reports. Stephens currently has a $26.00 target price on the bank's stock.

Separately, StockNews.com upgraded shares of Bank of Marin Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, January 31st.

Bank of Marin Bancorp Price Performance

Shares of Bank of Marin Bancorp stock traded up $0.30 during trading on Tuesday, hitting $21.03. The company's stock had a trading volume of 4,790 shares, compared to its average volume of 69,747. The stock has a market cap of $340.80 million, a price-to-earnings ratio of -40.45 and a beta of 0.84. Bank of Marin Bancorp has a 52 week low of $14.44 and a 52 week high of $27.11. The stock has a 50-day moving average price of $21.79 and a two-hundred day moving average price of $23.38.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last announced its earnings results on Monday, April 28th. The bank reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). The firm had revenue of $35.24 million for the quarter, compared to the consensus estimate of $27.99 million. Bank of Marin Bancorp had a positive return on equity of 3.33% and a negative net margin of 5.52%. On average, equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend is Thursday, May 8th. Bank of Marin Bancorp's dividend payout ratio (DPR) is presently -192.31%.

Institutional Trading of Bank of Marin Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Elizabeth Park Capital Advisors Ltd. purchased a new position in Bank of Marin Bancorp in the fourth quarter worth $5,680,000. North Reef Capital Management LP grew its position in Bank of Marin Bancorp by 45.8% during the fourth quarter. North Reef Capital Management LP now owns 470,956 shares of the bank's stock valued at $11,195,000 after buying an additional 148,020 shares during the period. Proficio Capital Partners LLC bought a new stake in Bank of Marin Bancorp in the fourth quarter worth about $1,374,000. Prudential Financial Inc. boosted its stake in Bank of Marin Bancorp by 92.7% in the fourth quarter. Prudential Financial Inc. now owns 96,757 shares of the bank's stock valued at $2,300,000 after acquiring an additional 46,536 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Bank of Marin Bancorp by 6.3% during the 4th quarter. Alliancebernstein L.P. now owns 655,514 shares of the bank's stock valued at $15,582,000 after acquiring an additional 38,934 shares during the period. 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.