Bank of Marin Bancorp (NASDAQ:BMRC) Stock Rating Reaffirmed by Stephens

Bank of Marin Bancorp (NASDAQ:BMRC)‘s stock had its “equal weight” rating reissued by equities research analysts at Stephens in a research note issued on Thursday, Benzinga reports. They presently have a $16.00 target price on the bank’s stock. Stephens’ price target suggests a potential downside of 1.17% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on BMRC. Keefe, Bruyette & Woods lowered their target price on shares of Bank of Marin Bancorp from $25.00 to $21.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. DA Davidson lowered their target price on shares of Bank of Marin Bancorp from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, April 30th.

Bank of Marin Bancorp Price Performance

Shares of BMRC stock opened at $16.19 on Thursday. The company’s fifty day simple moving average is $15.35 and its two-hundred day simple moving average is $17.35. Bank of Marin Bancorp has a 1 year low of $14.11 and a 1 year high of $23.24. The stock has a market capitalization of $263.74 million, a price-to-earnings ratio of 19.51 and a beta of 0.91.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its earnings results on Monday, April 29th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.10). Bank of Marin Bancorp had a net margin of 9.28% and a return on equity of 4.09%. The business had revenue of $36.90 million for the quarter, compared to the consensus estimate of $26.90 million. During the same period in the previous year, the firm earned $0.59 EPS. Equities research analysts anticipate that Bank of Marin Bancorp will post 0.84 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BMRC. PNC Financial Services Group Inc. increased its stake in Bank of Marin Bancorp by 348.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,358 shares of the bank’s stock valued at $52,000 after acquiring an additional 1,832 shares during the last quarter. Bridge City Capital LLC grew its stake in shares of Bank of Marin Bancorp by 17.9% during the first quarter. Bridge City Capital LLC now owns 11,497 shares of the bank’s stock valued at $193,000 after buying an additional 1,747 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Bank of Marin Bancorp by 29.7% during the fourth quarter. SG Americas Securities LLC now owns 9,196 shares of the bank’s stock valued at $202,000 after buying an additional 2,105 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Bank of Marin Bancorp during the first quarter valued at about $202,000. Finally, Empowered Funds LLC grew its stake in shares of Bank of Marin Bancorp by 114.9% during the first quarter. Empowered Funds LLC now owns 20,132 shares of the bank’s stock valued at $338,000 after buying an additional 10,764 shares during the last quarter. Institutional investors own 52.26% 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 small to medium-sized businesses, not-for-profit organizations, and commercial real estate investors in the United States. The company offers personal and business checking and savings accounts; and individual retirement, health savings, and demand deposit marketplace accounts, as well as time certificates of deposit, certificate of deposit account registry, and insured cash sweep services.