Bank of Marin Bancorp (NASDAQ:BMRC) CEO Russell A. Colombo sold 500 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $44.57, for a total value of $22,285.00. Following the completion of the transaction, the chief executive officer now owns 19,390 shares in the company, valued at approximately $864,212.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
NASDAQ BMRC opened at $45.15 on Friday. Bank of Marin Bancorp has a 52 week low of $38.00 and a 52 week high of $45.55. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.05. The business’s fifty day simple moving average is $42.60 and its 200-day simple moving average is $42.10. The firm has a market cap of $611.63 million, a PE ratio of 19.38 and a beta of 0.54.
Bank of Marin Bancorp (NASDAQ:BMRC) last posted its quarterly earnings results on Monday, October 21st. The bank reported $0.69 EPS for the quarter, topping the consensus estimate of $0.61 by $0.08. Bank of Marin Bancorp had a return on equity of 10.83% and a net margin of 31.54%. The business had revenue of $26.87 million for the quarter, compared to analyst estimates of $26.19 million. Research analysts expect that Bank of Marin Bancorp will post 2.44 EPS for the current year.
Several research analysts have recently commented on the company. ValuEngine lowered Bank of Marin Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, September 5th. BidaskClub upgraded Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, Zacks Investment Research upgraded Bank of Marin Bancorp from a “strong sell” rating to a “hold” rating in a report on Thursday, October 24th.
Several hedge funds and other institutional investors have recently bought and sold shares of BMRC. BTIM Corp. purchased a new position in shares of Bank of Marin Bancorp during the 2nd quarter worth $3,943,000. Susquehanna International Group LLP raised its holdings 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 period. Nuveen Asset Management LLC purchased a new stake in Bank of Marin Bancorp in the 2nd quarter valued at about $2,010,000. Morgan Stanley raised its holdings in Bank of Marin Bancorp by 84.1% in the 2nd quarter. Morgan Stanley now owns 85,161 shares of the bank’s stock valued at $3,493,000 after buying an additional 38,909 shares during the period. Finally, Parallel Advisors LLC raised its holdings in Bank of Marin Bancorp by 9,137.3% in the 2nd quarter. Parallel Advisors LLC now owns 27,712 shares of the bank’s stock valued at $1,137,000 after buying an additional 27,412 shares during the period. Institutional investors and hedge funds own 44.98% 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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