Bank of Marin Bancorp (BMRC) Rating Lowered to Hold at BidaskClub

Bank of Marin Bancorp (NASDAQ:BMRC) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

A number of other brokerages have also issued reports on BMRC. Zacks Investment Research lowered Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. ValuEngine raised Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Six investment analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus price target of $44.25.

Shares of NASDAQ BMRC opened at $43.52 on Tuesday. Bank of Marin Bancorp has a twelve month low of $31.75 and a twelve month high of $45.42. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $589.65 million, a PE ratio of 26.54, a PEG ratio of 2.44 and a beta of 0.59.



Bank of Marin Bancorp (NASDAQ:BMRC) last announced its quarterly earnings results on Monday, October 22nd. The bank reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.04. Bank of Marin Bancorp had a return on equity of 9.33% and a net margin of 24.21%. The company had revenue of $25.78 million during the quarter, compared to analyst estimates of $25.33 million. On average, equities analysts forecast that Bank of Marin Bancorp will post 2.24 EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its holdings in shares of Bank of Marin Bancorp by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 38,086 shares of the bank’s stock valued at $3,080,000 after buying an additional 1,679 shares in the last quarter. Swiss National Bank purchased a new stake in Bank of Marin Bancorp in the 2nd quarter worth $889,000. BlackRock Inc. boosted its stake in Bank of Marin Bancorp by 3.8% during the 2nd quarter. BlackRock Inc. now owns 561,294 shares of the bank’s stock worth $45,381,000 after purchasing an additional 20,350 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Bank of Marin Bancorp by 16.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 190,824 shares of the bank’s stock valued at $15,428,000 after acquiring an additional 27,399 shares during the last quarter. Finally, Voya Investment Management LLC purchased a new stake in Bank of Marin Bancorp during the second quarter worth about $222,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

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 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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