Bank of Marin Bancorp (NASDAQ:BMRC) Shares Cross Above 200-Day Moving Average – Should You Sell?

Bank of Marin Bancorp (NASDAQ:BMRC) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.60 and traded as high as $27.21. Bank of Marin Bancorp shares last traded at $25.83, with a volume of 98,787 shares changing hands.

Analysts Set New Price Targets

Several research firms recently weighed in on BMRC. DA Davidson upped their price target on Bank of Marin Bancorp from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. UBS Group set a $30.00 target price on Bank of Marin Bancorp in a report on Wednesday, October 29th. Zacks Research upgraded Bank of Marin Bancorp from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. Stephens reaffirmed an “overweight” rating and issued a $29.00 price target on shares of Bank of Marin Bancorp in a research report on Tuesday, January 27th. Finally, Wall Street Zen cut shares of Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.10.

Bank of Marin Bancorp Trading Down 5.0%

The firm has a fifty day moving average of $26.81 and a 200 day moving average of $25.60. The company has a market capitalization of $415.60 million, a P/E ratio of -11.48 and a beta of 0.88.

Bank of Marin Bancorp (NASDAQ:BMRC) last posted its earnings results on Monday, January 26th. The bank reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.08. Bank of Marin Bancorp had a negative net margin of 21.76% and a positive return on equity of 6.00%. The business had revenue of ($35.47) million for the quarter, compared to analysts’ expectations of $32.96 million. Sell-side analysts anticipate that Bank of Marin Bancorp will post 1.61 EPS for the current fiscal year.

Bank of Marin Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, February 5th. This represents a $1.00 dividend on an annualized basis and a yield of 3.9%. Bank of Marin Bancorp’s payout ratio is currently -44.44%.

Institutional Trading of Bank of Marin Bancorp

Large investors have recently modified their holdings of the company. Torren Management LLC bought a new position in Bank of Marin Bancorp in the fourth quarter valued at about $31,000. Russell Investments Group Ltd. increased its position in shares of Bank of Marin Bancorp by 2,543.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,269 shares of the bank’s stock valued at $31,000 after purchasing an additional 1,221 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of Bank of Marin Bancorp by 33.6% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,507 shares of the bank’s stock worth $39,000 after purchasing an additional 379 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Bank of Marin Bancorp by 124.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,875 shares of the bank’s stock worth $43,000 after buying an additional 1,040 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Bank of Marin Bancorp by 17.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,753 shares of the bank’s stock worth $72,000 after buying an additional 407 shares during the last quarter. Institutional investors own 52.26% of the company’s stock.

Bank of Marin Bancorp Company Profile

Bank of Marin Bancorp is the bank holding company for Bank of Marin, a community-oriented financial institution headquartered in Novato, California. Through its subsidiary, the company provides a broad range of banking services to individuals, small and medium-sized businesses, and nonprofit organizations. Its operating philosophy emphasizes personalized service and strong local relationships across the San Francisco North Bay region.

The company’s core product offerings include deposit accounts such as checking, savings, money market and time certificates of deposit.