Bank of Marin Bancorp (BMRC) - What Are Investment Firms Saying About This Stock?

Key Points

• Analyst sentiment is neutral: Bank of Marin Bancorp has a consensus “Hold” rating from seven analysts, with five holds and two buys. The average 12-month price target is $31.33.
• Quarterly earnings beat expectations: The bank reported $0.58 in earnings per share versus the $0.52 consensus estimate, while revenue of $33.95 million was slightly below forecasts.
• Investors receive a 3.7% dividend yield: The company pays a quarterly dividend of $0.25, or $1.00 annualized, though its reported dividend payout ratio is negative 109.89%. Institutional investors own 52.26% of the stock.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) has received a consensus rating of "Hold" from the seven analysts that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $31.33.

BMRC has been the subject of a number of recent analyst reports. Zacks Research raised Bank of Marin Bancorp from a "strong sell" rating to a "hold" rating in a research report on Monday, June 29th. DA Davidson set a $34.00 price target on shares of Bank of Marin Bancorp and gave the company a "buy" rating in a research report on Tuesday, July 28th. Weiss Ratings reissued a "hold (c-)" rating on shares of Bank of Marin Bancorp in a research report on Friday, September 25th. Piper Sandler restated a "neutral" rating and issued a $29.00 price objective (down from $30.00) on shares of Bank of Marin Bancorp in a research note on Thursday, October 1st. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Bank of Marin Bancorp from $31.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, August 4th.

Bank of Marin Bancorp Stock Performance

BMRC opened at $26.71 on Tuesday. The company has a market cap of $432.43 million, a PE ratio of -29.35 and a beta of 0.82. The stock has a 50-day moving average of $27.61 and a 200-day moving average of $27.04. Bank of Marin Bancorp has a 52-week low of $22.50 and a 52-week high of $30.92. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.72 and a current ratio of 0.72.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The bank reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.06. Bank of Marin Bancorp had a positive return on equity of 8.51% and a negative net margin of 7.98%. The business had revenue of $33.95 million for the quarter, compared to analyst estimates of $34.02 million. As a group, equities research analysts forecast that Bank of Marin Bancorp will post 2.28 earnings per share for the current fiscal year.

Bank of Marin Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.7%. The ex-dividend date was Thursday, August 6th. Bank of Marin Bancorp's dividend payout ratio (DPR) is -109.89%.

Institutional Investors Weigh In On Bank of Marin Bancorp

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Bank of Marin Bancorp in the 2nd quarter valued at approximately $44,326,000. The Manufacturers Life Insurance Company bought a new position in Bank of Marin Bancorp in the 2nd quarter worth approximately $12,642,000. Heartland Advisors Inc. acquired a new position in shares of Bank of Marin Bancorp during the second quarter worth approximately $9,017,000. Algebris UK Ltd. acquired a new position in shares of Bank of Marin Bancorp during the second quarter worth approximately $8,092,000. Finally, Algert Global LLC acquired a new position in Bank of Marin Bancorp in the 2nd quarter worth $2,574,000. 52.26% of the stock is currently owned by institutional investors.

Bank of Marin Bancorp Company Profile

Bank of Marin Bancorp is a bank holding company for Bank of Marin, a community bank headquartered in Novato, California. The bank provides financial services to individuals, families, professionals and businesses through branches and digital banking channels.

Its products and services include checking and savings accounts, certificates of deposit, residential and commercial real estate lending, business loans, lines of credit, construction financing and consumer loans. Bank of Marin also offers cash-management services, treasury management, online and mobile banking, and wealth management services through its affiliated or partnered offerings.

Founded in 1990, Bank of Marin has historically focused on relationship-based banking for customers in the North Bay and surrounding Northern California communities, including Marin, Napa and Sonoma counties and parts of the greater San Francisco Bay Area.

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