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

Bank of Marin Bancorp (NASDAQ:BMRC)’s share price crossed 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 research firms recently issued reports on BMRC. Keefe, Bruyette & Woods raised 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. StockNews.com raised shares of Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Finally, Stephens reaffirmed an “overweight” rating and issued a $30.00 target price on shares of Bank of Marin Bancorp in a research note on Wednesday, January 29th.

Bank of Marin Bancorp Stock Down 1.9 %

The firm has a market cap of $390.98 million, a price-to-earnings ratio of -46.75 and a beta of 0.94. The company’s fifty day moving average is $24.13 and its 200 day moving average is $22.92.

Bank of Marin Bancorp (NASDAQ:BMRC) last posted its earnings results on Monday, January 27th. The bank reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the firm posted $0.04 earnings per share. On average, equities research analysts forecast that Bank of Marin Bancorp will post 1.61 EPS for the current fiscal year.

Bank of Marin Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Thursday, February 6th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.11%. The ex-dividend date was Thursday, February 6th. Bank of Marin Bancorp’s dividend payout ratio is currently -192.31%.

Institutional Trading of Bank of Marin Bancorp

Several hedge funds have recently modified their holdings of BMRC. Two Sigma Advisers LP increased its stake in Bank of Marin Bancorp by 7.7% during the 4th quarter. Two Sigma Advisers LP now owns 52,964 shares of the bank’s stock valued at $1,259,000 after purchasing an additional 3,800 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in Bank of Marin Bancorp during the fourth quarter valued at about $224,000. Deutsche Bank AG increased its position in shares of Bank of Marin Bancorp by 148.1% during the fourth quarter. Deutsche Bank AG now owns 15,517 shares of the bank’s stock valued at $369,000 after buying an additional 9,262 shares during the period. Bridgeway Capital Management LLC increased its position in shares of Bank of Marin Bancorp by 1.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 100,607 shares of the bank’s stock valued at $2,391,000 after buying an additional 1,150 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Bank of Marin Bancorp by 26.8% in the fourth quarter. Bank of America Corp DE now owns 44,569 shares of the bank’s stock worth $1,059,000 after purchasing an additional 9,427 shares during the last quarter. Institutional investors own 52.26% of the company’s stock.

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 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.