Bank of Marin Bancorp (NASDAQ:BMRC) – Research analysts at DA Davidson increased their FY2017 EPS estimates for shares of Bank of Marin Bancorp in a report issued on Monday. DA Davidson analyst J. Rulis now expects that the bank will post earnings per share of $3.15 for the year, up from their prior estimate of $3.10.

A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research cut Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday. BidaskClub cut Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $68.00 target price on shares of Bank of Marin Bancorp in a report on Wednesday, June 28th. ValuEngine upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, June 3rd. Finally, Piper Jaffray Companies cut their target price on Bank of Marin Bancorp from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Monday, April 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $71.00.

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Shares of Bank of Marin Bancorp (BMRC) traded down 0.89% during trading on Thursday, reaching $66.50. 5,739 shares of the company traded hands. Bank of Marin Bancorp has a 12 month low of $48.50 and a 12 month high of $75.05. The stock has a market capitalization of $405.12 million, a PE ratio of 18.53 and a beta of 0.88. The company has a 50-day moving average of $63.16 and a 200-day moving average of $65.34.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its quarterly earnings results on Monday, July 24th. The bank reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. Bank of Marin Bancorp had a net margin of 26.72% and a return on equity of 9.63%. The firm had revenue of $20.40 million during the quarter, compared to the consensus estimate of $20.33 million.

A number of institutional investors have recently modified their holdings of the stock. Prudential Financial Inc. boosted its position in shares of Bank of Marin Bancorp by 0.3% in the first quarter. Prudential Financial Inc. now owns 46,272 shares of the bank’s stock valued at $2,978,000 after buying an additional 140 shares during the period. Martingale Asset Management L P boosted its position in shares of Bank of Marin Bancorp by 13.3% in the first quarter. Martingale Asset Management L P now owns 18,780 shares of the bank’s stock valued at $1,209,000 after buying an additional 2,200 shares during the period. Oxford Asset Management bought a new position in shares of Bank of Marin Bancorp during the first quarter valued at $842,000. John W. Rosenthal Capital Management Inc. boosted its position in shares of Bank of Marin Bancorp by 4.2% in the first quarter. John W. Rosenthal Capital Management Inc. now owns 36,234 shares of the bank’s stock valued at $2,332,000 after buying an additional 1,450 shares during the period. Finally, Context BH Capital Management LP boosted its position in shares of Bank of Marin Bancorp by 9.0% in the first quarter. Context BH Capital Management LP now owns 9,420 shares of the bank’s stock valued at $606,000 after buying an additional 777 shares during the period. Institutional investors and hedge funds own 41.89% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Friday, August 4th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, August 2nd. This is a boost from Bank of Marin Bancorp’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.73%. Bank of Marin Bancorp’s dividend payout ratio (DPR) is 29.59%.

Bank of Marin Bancorp Company Profile

Bank of Marin Bancorp (Bancorp) is the holding company for Bank of Marin (the Bank). The Company’s business banking focus is on small to medium-sized businesses, professionals and not-for-profit organizations. As of December 31, 2016, the Company operated through 20 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.

Earnings History and Estimates for Bank of Marin Bancorp (NASDAQ:BMRC)

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