Bank of Marin Bancorp (NASDAQ:BMRC) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Bank of Marin Bancorp (NASDAQ:BMRC)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.92 and traded as high as $25.12. Bank of Marin Bancorp shares last traded at $24.31, with a volume of 56,207 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. StockNews.com raised shares of Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods upped their target price on shares of Bank of Marin Bancorp from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Finally, Stephens reiterated an “overweight” rating and set a $30.00 price objective on shares of Bank of Marin Bancorp in a research note on Wednesday, January 29th.

Bank of Marin Bancorp Price Performance

The firm’s fifty day moving average price is $24.13 and its 200-day moving average price is $22.92. The firm has a market capitalization of $390.98 million, a P/E ratio of -46.75 and a beta of 0.94.

Bank of Marin Bancorp (NASDAQ:BMRC) last posted its quarterly earnings data on Monday, January 27th. The bank reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.06. Bank of Marin Bancorp had a negative net margin of 5.52% and a positive return on equity of 3.33%. During the same period in the previous year, the firm earned $0.04 earnings per share. Analysts expect that Bank of Marin Bancorp will post 1.61 earnings per share for the current year.

Bank of Marin Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Thursday, February 6th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 4.11%. Bank of Marin Bancorp’s dividend payout ratio (DPR) is presently -192.31%.

Institutional Investors Weigh In On Bank of Marin Bancorp

Several hedge funds have recently made changes to their positions in BMRC. Geode Capital Management LLC lifted its position in Bank of Marin Bancorp by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 362,376 shares of the bank’s stock worth $7,282,000 after buying an additional 6,555 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Bank of Marin Bancorp by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,662 shares of the bank’s stock worth $315,000 after buying an additional 2,469 shares in the last quarter. State Street Corp lifted its position in Bank of Marin Bancorp by 0.9% in the 3rd quarter. State Street Corp now owns 363,110 shares of the bank’s stock worth $7,295,000 after buying an additional 3,073 shares in the last quarter. Barclays PLC lifted its position in Bank of Marin Bancorp by 46.1% in the 3rd quarter. Barclays PLC now owns 45,370 shares of the bank’s stock worth $911,000 after buying an additional 14,306 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Bank of Marin Bancorp by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 121,986 shares of the bank’s stock worth $2,451,000 after buying an additional 2,842 shares in the last quarter. Hedge funds and other 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.