Insider Selling: Bank of Marin Bancorp (NASDAQ:BMRC) CEO Sells 500 Shares of Stock

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.

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.84 annualized dividend and a dividend yield of 1.86%. Bank of Marin Bancorp’s dividend payout ratio is presently 36.05%.

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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Insider Buying and Selling by Quarter for Bank of Marin Bancorp (NASDAQ:BMRC)

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