Media headlines about Bank of Marin Bancorp (NASDAQ:BMRC) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bank of Marin Bancorp earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 47.4801388031308 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
BMRC has been the topic of a number of research analyst reports. ValuEngine raised shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, June 3rd. Zacks Investment Research raised shares of Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $68.00 price target on shares of Bank of Marin Bancorp in a research report on Wednesday, June 28th. BidaskClub raised shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Finally, Piper Jaffray Companies set a $68.00 price target on shares of Bank of Marin Bancorp and gave the company a “hold” rating in a research report on Sunday, July 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $70.75.
Shares of Bank of Marin Bancorp (NASDAQ:BMRC) traded up 1.54% during trading on Tuesday, reaching $66.00. 25,030 shares of the company traded hands. Bank of Marin Bancorp has a 12-month low of $48.99 and a 12-month high of $75.05. The firm’s 50 day moving average is $64.91 and its 200-day moving average is $64.59. The stock has a market capitalization of $403.26 million, a P/E ratio of 18.15 and a beta of 0.89.
Bank of Marin Bancorp (NASDAQ:BMRC) last posted its quarterly earnings data on Monday, July 24th. The bank reported $0.84 EPS for the quarter, topping the consensus estimate of $0.80 by $0.04. Bank of Marin Bancorp had a net margin of 26.72% and a return on equity of 9.55%. The business had revenue of $20.40 million for the quarter, compared to analyst estimates of $20.33 million. On average, equities research analysts anticipate that Bank of Marin Bancorp will post $3.27 earnings per share for the current fiscal year.
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About Bank of Marin Bancorp
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.
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