Bank of Marin Bancorp (BMRC) Receiving Somewhat Positive Press Coverage, Analysis Shows
Media headlines about Bank of Marin Bancorp (NASDAQ:BMRC) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Bank of Marin Bancorp earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 46.039833909387 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several brokerages have recently weighed in on BMRC. Zacks Investment Research upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a report on Monday, September 25th. Piper Jaffray Companies set a $68.00 price target on Bank of Marin Bancorp and gave the company a “hold” rating in a report on Sunday, July 30th. BidaskClub downgraded Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Keefe, Bruyette & Woods restated a “hold” rating and set a $68.00 price target on shares of Bank of Marin Bancorp in a report on Wednesday, June 28th. Finally, ValuEngine upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, June 3rd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $70.00.
Shares of Bank of Marin Bancorp (BMRC) traded up 0.66% during trading on Friday, hitting $68.50. The stock had a trading volume of 25,668 shares. The stock has a 50-day moving average price of $64.91 and a 200 day moving average price of $64.46. The company has a market cap of $418.54 million, a P/E ratio of 18.83 and a beta of 0.89. Bank of Marin Bancorp has a 12 month low of $49.24 and a 12 month high of $75.05.
Bank of Marin Bancorp (NASDAQ:BMRC) last announced its earnings results on Monday, July 24th. The bank reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.04. Bank of Marin Bancorp had a return on equity of 9.55% and a net margin of 26.72%. The company had revenue of $20.40 million for the quarter, compared to analyst estimates of $20.33 million. Equities analysts expect that Bank of Marin Bancorp will post $3.27 EPS for the current fiscal year.
Bank of Marin Bancorp Company Profile
Bank of Marin Bancorp (Bancorp) is the holding company for Bank of Marin (the Bank). The Company’s business banking focus is on small to medium-sized businesses, professionals and not-for-profit organizations. As of December 31, 2016, the Company operated through 20 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.
Receive News & Ratings for Bank of Marin Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Marin Bancorp and related companies with Analyst Ratings Network's FREE daily email newsletter.