Today, 178 Shares of Bank of Marin Bancorp (BMRC) Stock are sold by Min Situ

Today, 178 Shares of Bank of Marin Bancorp (BMRC) Stock are sold by Min Situ
Bank of Marin Bancorp (NASDAQ:BMRC) insider Min Situ sold 178 shares of the business’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $65.40, for a total transaction of $11,641.20. Following the completion of the sale, the insider now directly owns 516 shares in the company, valued at approximately $33,746.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Bank of Marin Bancorp (NASDAQ:BMRC) opened at 67.25 on Friday. Bank of Marin Bancorp has a 12 month low of $45.65 and a 12 month high of $67.25. The company has a market capitalization of $409.08 million, a price-to-earnings ratio of 18.32 and a beta of 0.68. The stock has a 50 day moving average of $54.36 and a 200 day moving average of $50.78.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its quarterly earnings data on Monday, October 24th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.79 by $0.35. Bank of Marin Bancorp had a net margin of 26.76% and a return on equity of 10.01%. Equities analysts anticipate that Bank of Marin Bancorp will post $3.69 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Friday, November 4th were given a dividend of $0.27 per share. This is an increase from Bank of Marin Bancorp’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, November 2nd. This represents a $1.08 annualized dividend and a dividend yield of 1.61%. Bank of Marin Bancorp’s dividend payout ratio (DPR) is 29.43%.

Several hedge funds have recently made changes to their positions in BMRC. Dimensional Fund Advisors LP increased its stake in Bank of Marin Bancorp by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 51,754 shares of the company’s stock valued at $2,503,000 after buying an additional 5,699 shares during the last quarter. Victory Capital Management Inc. increased its stake in Bank of Marin Bancorp by 1.0% in the second quarter. Victory Capital Management Inc. now owns 10,868 shares of the company’s stock valued at $526,000 after buying an additional 105 shares during the last quarter. Nationwide Fund Advisors increased its stake in Bank of Marin Bancorp by 90.9% in the second quarter. Nationwide Fund Advisors now owns 9,165 shares of the company’s stock valued at $443,000 after buying an additional 4,363 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Bank of Marin Bancorp by 1.2% in the second quarter. JPMorgan Chase & Co. now owns 3,643 shares of the company’s stock valued at $176,000 after buying an additional 43 shares during the last quarter. Finally, Private Ocean LLC increased its stake in Bank of Marin Bancorp by 0.3% in the second quarter. Private Ocean LLC now owns 3,627 shares of the company’s stock valued at $175,000 after buying an additional 11 shares during the last quarter. 39.22% of the stock is owned by institutional investors.

Separately, Zacks Investment Research raised shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research report on Monday, September 26th.

About Bank of Marin Bancorp

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