Today: Bank of Marin Bancorp (BMRC) Insider Sold $11,641.20 in Stock

Today: Bank of Marin Bancorp (BMRC) Insider Sold $11,641.20 in Stock

Bank of Marin Bancorp (NASDAQ:BMRC) insider Min Situ sold 178 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The shares were 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 owns 516 shares in the company, valued at $33,746.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Min Situ also recently made the following trade(s): On Wednesday, November 23rd, Min Situ sold 122 shares of Bank of Marin Bancorp stock. The shares were sold at an average price of $66.26, for a total transaction of $8,083.72.

Shares of Bank of Marin Bancorp (NASDAQ:BMRC) opened at 67.00 on Monday. Bank of Marin Bancorp has a one year low of $45.65 and a one year high of $67.25. The firm’s 50-day moving average is $54.96 and its 200 day moving average is $50.90. The firm has a market capitalization of $407.56 million, a P/E ratio of 18.26 and a beta of 0.68.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its earnings results on Monday, October 24th. The company reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.35. Bank of Marin Bancorp had a return on equity of 10.01% and a net margin of 26.76%. Equities research analysts predict that Bank of Marin Bancorp will post $3.69 earnings per share for the current year.

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

Separately, Zacks Investment Research upgraded shares of Bank of Marin Bancorp from a “hold” rating to a “strong-buy” rating and set a $58.00 target price on the stock in a report on Tuesday, October 25th.

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Bank of Marin Bancorp by 3.8% in the third quarter. BlackRock Inc. now owns 2,094 shares of the company’s stock valued at $104,000 after buying an additional 77 shares during the period. Acrospire Investment Management LLC boosted its stake in Bank of Marin Bancorp by 22.9% in the third quarter. Acrospire Investment Management LLC now owns 2,255 shares of the company’s stock valued at $112,000 after buying an additional 420 shares during the period. Bank of Montreal Can boosted its stake in Bank of Marin Bancorp by 33.8% in the third quarter. Bank of Montreal Can now owns 2,353 shares of the company’s stock valued at $117,000 after buying an additional 595 shares during the period. BlackRock Advisors LLC boosted its stake in Bank of Marin Bancorp by 1.3% in the second quarter. BlackRock Advisors LLC now owns 3,181 shares of the company’s stock valued at $154,000 after buying an additional 40 shares during the period. Finally, D.A. Davidson & CO. boosted its stake in Bank of Marin Bancorp by 7.8% in the third quarter. D.A. Davidson & CO. now owns 3,239 shares of the company’s stock valued at $161,000 after buying an additional 233 shares during the period. Institutional investors own 39.52% of the company’s stock.

Bank of Marin Bancorp Company Profile

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