Russell A. Colombo Sells 500 Shares of Bank of Marin Bancorp (NASDAQ:BMRC) Stock

Bank of Marin Bancorp (NASDAQ:BMRC) CEO Russell A. Colombo sold 500 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $45.20, for a total value of $22,600.00. Following the sale, the chief executive officer now owns 19,390 shares of the company’s stock, valued at approximately $876,428. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of BMRC stock opened at $45.15 on Friday. The business’s fifty day moving average price is $42.60 and its 200 day moving average price is $42.10. Bank of Marin Bancorp has a 1-year low of $38.00 and a 1-year high of $45.55. The firm has a market capitalization of $611.63 million, a PE ratio of 19.38 and a beta of 0.54. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.89 and a quick ratio of 0.89.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its quarterly earnings data on Monday, October 21st. The bank reported $0.69 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $26.87 million for the quarter, compared to analyst estimates of $26.19 million. Equities research analysts expect that Bank of Marin Bancorp will post 2.44 earnings per share for the current fiscal year.

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

Several equities research analysts have recently commented on the company. BidaskClub upgraded Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 22nd. Zacks Investment Research raised Bank of Marin Bancorp from a “strong sell” rating to a “hold” rating in a report on Thursday, October 24th. Finally, ValuEngine lowered Bank of Marin Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, September 5th.

A number of institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its holdings in Bank of Marin Bancorp by 28.2% in the third quarter. Russell Investments Group Ltd. now owns 17,405 shares of the bank’s stock valued at $724,000 after purchasing an additional 3,829 shares during the last quarter. California Public Employees Retirement System grew its holdings in Bank of Marin Bancorp by 16.3% in the third quarter. California Public Employees Retirement System now owns 35,247 shares of the bank’s stock valued at $1,462,000 after purchasing an additional 4,950 shares during the last quarter. Anchor Capital Advisors LLC grew its holdings in Bank of Marin Bancorp by 0.6% in the third quarter. Anchor Capital Advisors LLC now owns 39,095 shares of the bank’s stock valued at $1,622,000 after purchasing an additional 235 shares during the last quarter. Rhumbline Advisers grew its holdings in Bank of Marin Bancorp by 9.1% in the third quarter. Rhumbline Advisers now owns 21,865 shares of the bank’s stock valued at $907,000 after purchasing an additional 1,821 shares during the last quarter. Finally, Boston Trust Walden Corp grew its holdings in Bank of Marin Bancorp by 1.8% in the third quarter. Boston Trust Walden Corp now owns 97,878 shares of the bank’s stock valued at $4,061,000 after purchasing an additional 1,741 shares during the last quarter. 44.98% of the stock is currently owned by institutional investors.

Bank of Marin Bancorp Company Profile

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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