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.
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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