Bank of Marin Bancorp (NASDAQ:BMRC) EVP Peter Pelham sold 3,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $40.10, for a total value of $120,300.00. Following the sale, the executive vice president now owns 9,857 shares of the company’s stock, valued at $395,265.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Peter Pelham also recently made the following trade(s):
- On Thursday, July 25th, Peter Pelham sold 391 shares of Bank of Marin Bancorp stock. The shares were sold at an average price of $43.16, for a total value of $16,875.56.
Bank of Marin Bancorp stock traded down $0.59 during trading on Friday, hitting $39.78. The stock had a trading volume of 774 shares, compared to its average volume of 23,184. The stock’s 50 day moving average is $41.76 and its two-hundred day moving average is $42.10. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.05. Bank of Marin Bancorp has a 1 year low of $38.00 and a 1 year high of $45.13. The stock has a market cap of $545.73 million, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 2.39 and a beta of 0.57.
The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, August 2nd were given a dividend of $0.21 per share. The ex-dividend date was Thursday, August 1st. This represents a $0.84 annualized dividend and a dividend yield of 2.11%. This is an increase from Bank of Marin Bancorp’s previous quarterly dividend of $0.19. Bank of Marin Bancorp’s dividend payout ratio (DPR) is 36.05%.
Several analysts have recently weighed in on BMRC shares. Zacks Investment Research raised Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. BidaskClub cut Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a research note on Friday. Finally, ValuEngine lowered Bank of Marin Bancorp from a “sell” rating to a “strong sell” rating in a research note on Thursday.
Several institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. lifted its position in shares of Bank of Marin Bancorp by 205.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 855 shares of the bank’s stock worth $35,000 after purchasing an additional 575 shares during the period. Hanson McClain Inc. acquired a new stake in shares of Bank of Marin Bancorp in the first quarter valued at about $37,000. O Shaughnessy Asset Management LLC acquired a new stake in Bank of Marin Bancorp during the first quarter worth about $58,000. Tower Research Capital LLC TRC boosted its stake in shares of Bank of Marin Bancorp by 648.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,460 shares of the bank’s stock valued at $59,000 after purchasing an additional 1,265 shares during the period. Finally, Marshall Wace LLP purchased a new position in Bank of Marin Bancorp in the first quarter worth approximately $75,000. Institutional investors and hedge funds own 43.67% 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 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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