Bank of Marin Bancorp's (BMRC) "Overweight" Rating Reaffirmed at Stephens

Stephens reissued their overweight rating on shares of Bank of Marin Bancorp (NASDAQ:BMRC - Free Report) in a report issued on Tuesday morning,Benzinga reports. Stephens currently has a $26.00 price target 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 report on Friday, January 31st.

Bank of Marin Bancorp Stock Up 3.0 %

Shares of BMRC traded up $0.63 on Tuesday, reaching $21.36. The stock had a trading volume of 53,316 shares, compared to its average volume of 75,449. Bank of Marin Bancorp has a twelve month low of $14.44 and a twelve month high of $27.11. The firm has a market capitalization of $346.10 million, a PE ratio of -41.08 and a beta of 0.84. The firm has a 50-day moving average of $21.72 and a 200 day moving average of $23.38.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last posted its earnings results on Monday, April 28th. The bank reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). The firm had revenue of $35.24 million during the quarter, compared to analyst estimates of $27.99 million. Bank of Marin Bancorp had a negative net margin of 5.52% and a positive return on equity of 3.33%. On average, sell-side analysts anticipate that Bank of Marin Bancorp will post 1.61 earnings per share for the current fiscal year.

Bank of Marin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th will be given a $0.25 dividend. The ex-dividend date is Thursday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 4.68%. Bank of Marin Bancorp's dividend payout ratio is currently -250.00%.

Institutional Trading of Bank of Marin Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its holdings in Bank of Marin Bancorp by 7.1% in the 4th quarter. SG Americas Securities LLC now owns 6,509 shares of the bank's stock valued at $155,000 after purchasing an additional 430 shares in the last quarter. CWM LLC raised its position in shares of Bank of Marin Bancorp by 29.7% in the first quarter. CWM LLC now owns 2,753 shares of the bank's stock valued at $61,000 after buying an additional 630 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Bank of Marin Bancorp by 157.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,084 shares of the bank's stock valued at $26,000 after buying an additional 663 shares during the period. Golden State Wealth Management LLC boosted its position in Bank of Marin Bancorp by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 2,000 shares of the bank's stock worth $44,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in Bank of Marin Bancorp by 5.1% in the 4th quarter. Empowered Funds LLC now owns 23,794 shares of the bank's stock worth $566,000 after acquiring an additional 1,150 shares during the period. 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.