Bank of Marin Bancorp (NASDAQ:BMRC) Share Price Crosses Above 200-Day Moving Average of $0.00

Shares of Bank of Marin Bancorp (NASDAQ:BMRC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $41.30. Bank of Marin Bancorp shares last traded at $41.17, with a volume of 213 shares trading hands.

A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. ValuEngine cut shares of Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, June 21st. BidaskClub upgraded shares of Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 28th. Finally, DA Davidson restated a “neutral” rating on shares of Bank of Marin Bancorp in a research note on Tuesday, April 23rd.

The business’s 50 day moving average price is $42.29 and its 200-day moving average price is $42.27. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.05. The company has a market cap of $561.97 million, a price-to-earnings ratio of 17.64, a PEG ratio of 2.49 and a beta of 0.58.

Bank of Marin Bancorp (NASDAQ:BMRC) last posted its earnings results on Monday, July 22nd. The bank reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. The company had revenue of $26.06 million during the quarter, compared to analysts’ expectations of $26.59 million. Bank of Marin Bancorp had a net margin of 31.30% and a return on equity of 10.80%. Equities research analysts forecast that Bank of Marin Bancorp will post 2.39 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, August 2nd were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Thursday, August 1st. This is a boost from Bank of Marin Bancorp’s previous quarterly dividend of $0.19. Bank of Marin Bancorp’s dividend payout ratio (DPR) is currently 36.05%.

Several hedge funds and other institutional investors have recently bought and sold shares of BMRC. Bank of New York Mellon Corp lifted its stake in Bank of Marin Bancorp by 109.6% in the 4th quarter. Bank of New York Mellon Corp now owns 81,462 shares of the bank’s stock valued at $3,360,000 after buying an additional 42,594 shares in the last quarter. Advisor Group Inc. lifted its stake in Bank of Marin Bancorp by 392.2% in the 4th quarter. Advisor Group Inc. now owns 1,132 shares of the bank’s stock valued at $47,000 after buying an additional 902 shares in the last quarter. Geode Capital Management LLC lifted its stake in Bank of Marin Bancorp by 134.6% in the 4th quarter. Geode Capital Management LLC now owns 148,546 shares of the bank’s stock valued at $6,126,000 after buying an additional 85,226 shares in the last quarter. Two Sigma Advisers LP lifted its stake in Bank of Marin Bancorp by 75.8% in the 4th quarter. Two Sigma Advisers LP now owns 11,594 shares of the bank’s stock valued at $478,000 after buying an additional 4,999 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Bank of Marin Bancorp by 112.7% in the 4th quarter. Bank of America Corp DE now owns 35,097 shares of the bank’s stock valued at $1,447,000 after buying an additional 18,593 shares in the last quarter. Institutional investors own 43.86% of the company’s stock.

About Bank of Marin Bancorp (NASDAQ:BMRC)

Bank of Marin Bancorp operates as the holding company for Bank of Marin that provides a range of financial services primarily to professionals, small and middle-market businesses, individuals, and not-for-profit organizations in California, the United States. The company offers personal and business checking and savings accounts; and time certificates of deposit, individual retirement accounts, health savings accounts, and demand deposit marketplace accounts, as well as certificate of deposit account registry and insured cash sweep services.

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