A number of other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Bank of Marin Bancorp from a sell rating to a hold rating in a research report on Wednesday, July 24th. ValuEngine lowered shares of Bank of Marin Bancorp from a sell rating to a strong sell rating in a research report on Thursday, September 5th.
Shares of BMRC opened at $43.65 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.05. The firm has a market cap of $586.25 million, a PE ratio of 17.58, a price-to-earnings-growth ratio of 2.57 and a beta of 0.57. The company’s 50 day simple moving average is $41.51 and its 200-day simple moving average is $41.96. Bank of Marin Bancorp has a 12-month low of $38.00 and a 12-month high of $45.13.
In related news, EVP Peter Pelham sold 3,000 shares of Bank of Marin Bancorp stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $40.10, for a total value of $120,300.00. Following the transaction, the executive vice president now directly owns 9,857 shares in the company, valued at approximately $395,265.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders sold 4,391 shares of company stock worth $180,466. 5.29% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of BMRC. Dimensional Fund Advisors LP grew its position in Bank of Marin Bancorp by 115.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 437,482 shares of the bank’s stock valued at $18,041,000 after buying an additional 234,328 shares during the last quarter. BTIM Corp. purchased a new position in Bank of Marin Bancorp in the 2nd quarter valued at $3,943,000. Susquehanna International Group LLP grew its position in Bank of Marin Bancorp by 955.1% in the 2nd quarter. Susquehanna International Group LLP now owns 62,493 shares of the bank’s stock valued at $2,563,000 after buying an additional 56,570 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in Bank of Marin Bancorp in the 2nd quarter valued at $2,010,000. Finally, Morgan Stanley lifted 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 acquiring an additional 38,909 shares during the period. Hedge funds and other institutional investors own 45.23% of the company’s stock.
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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