Bank of Marin Bancorp (NASDAQ:BMRC) CEO Russell A. Colombo sold 500 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $40.95, for a total transaction of $20,475.00. Following the sale, the chief executive officer now directly owns 19,390 shares in the company, valued at $794,020.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of BMRC opened at $41.10 on Friday. The firm has a market capitalization of $555.96 million, a PE ratio of 16.67 and a beta of 0.55. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.89 and a quick ratio of 0.89. Bank of Marin Bancorp has a 1-year low of $38.00 and a 1-year high of $45.13. The company’s fifty day moving average price is $41.53 and its 200-day moving average price is $41.90.
Bank of Marin Bancorp (NASDAQ:BMRC) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. The firm had revenue of $26.06 million for the quarter, compared to analyst estimates of $26.59 million. Bank of Marin Bancorp had a net margin of 31.30% and a return on equity of 10.70%. As a group, research analysts anticipate that Bank of Marin Bancorp will post 2.38 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Bank of Marin Bancorp by 0.9% during the second quarter. Vanguard Group Inc. now owns 700,675 shares of the bank’s stock valued at $28,742,000 after buying an additional 6,089 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Bank of Marin Bancorp by 0.7% during the second quarter. Northern Trust Corp now owns 182,999 shares of the bank’s stock valued at $7,506,000 after buying an additional 1,307 shares during the last quarter. Confluence Investment Management LLC grew its holdings in shares of Bank of Marin Bancorp by 0.5% during the second quarter. Confluence Investment Management LLC now owns 127,581 shares of the bank’s stock valued at $5,234,000 after buying an additional 619 shares during the last quarter. BTIM Corp. purchased a new stake in Bank of Marin Bancorp in the second quarter valued at $3,943,000. Finally, Morgan Stanley boosted its holdings in Bank of Marin Bancorp by 84.1% in the second quarter. Morgan Stanley now owns 85,161 shares of the bank’s stock valued at $3,493,000 after purchasing an additional 38,909 shares during the last quarter. 45.23% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently weighed in on BMRC. BidaskClub lowered shares of Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a report on Friday, September 27th. Zacks Investment Research raised shares of Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a report on Friday. Finally, ValuEngine lowered shares of Bank of Marin Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, September 5th.
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 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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