Bank of Marin Bancorp (NASDAQ:BMRC) CEO Sells $20,475.00 in Stock

Bank of Marin Bancorp (NASDAQ:BMRC) CEO Russell A. Colombo sold 500 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $40.95, for a total value of $20,475.00. Following the completion of the transaction, the chief executive officer now owns 19,390 shares in the company, valued at approximately $794,020.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of NASDAQ:BMRC traded up $0.23 on Thursday, reaching $40.98. The company had a trading volume of 237 shares, compared to its average volume of 32,332. Bank of Marin Bancorp has a twelve month low of $38.00 and a twelve month high of $45.13. The stock has a 50-day moving average price of $41.55 and a 200 day moving average price of $41.88. The stock has a market capitalization of $563.19 million, a P/E ratio of 17.54 and a beta of 0.55. 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 (NASDAQ:BMRC) last announced its quarterly earnings results on Monday, July 22nd. The bank reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. Bank of Marin Bancorp had a return on equity of 10.70% and a net margin of 31.30%. The company had revenue of $26.06 million during the quarter, compared to analysts’ expectations of $26.59 million. On average, sell-side analysts predict that Bank of Marin Bancorp will post 2.38 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the business. Meeder Asset Management Inc. lifted its position in shares of Bank of Marin Bancorp by 205.4% in the second quarter. Meeder Asset Management Inc. now owns 855 shares of the bank’s stock worth $35,000 after buying an additional 575 shares during the last quarter. Tower Research Capital LLC TRC lifted its position 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 worth $59,000 after buying an additional 1,265 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Bank of Marin Bancorp in the first quarter worth about $75,000. TRUE Private Wealth Advisors acquired a new stake in shares of Bank of Marin Bancorp in the second quarter worth about $82,000. Finally, Bank of Montreal Can lifted its position in shares of Bank of Marin Bancorp by 31.8% in the second quarter. Bank of Montreal Can now owns 5,274 shares of the bank’s stock worth $217,000 after buying an additional 1,272 shares during the last quarter. 45.23% of the stock is owned by institutional investors.

A number of brokerages have commented on BMRC. BidaskClub downgraded Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, September 27th. Zacks Investment Research downgraded Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, September 24th. Finally, ValuEngine cut Bank of Marin Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 5th.

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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Insider Buying and Selling by Quarter for Bank of Marin Bancorp (NASDAQ:BMRC)

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