Media coverage about Bank of Marin Bancorp (NASDAQ:BMRC) has trended somewhat positive recently, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Bank of Marin Bancorp earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 47.6840376540183 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded Bank of Marin Bancorp from a “hold” rating to a “strong-buy” rating and set a $81.00 target price on the stock in a report on Wednesday, October 25th. DA Davidson restated a “hold” rating and set a $72.00 target price on shares of Bank of Marin Bancorp in a report on Tuesday, October 24th. Piper Jaffray Companies set a $68.00 target price on Bank of Marin Bancorp and gave the stock a “hold” rating in a report on Sunday, July 30th. Finally, BidaskClub cut Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Bank of Marin Bancorp presently has an average rating of “Hold” and a consensus target price of $71.80.
Bank of Marin Bancorp (NASDAQ:BMRC) traded up $0.90 on Tuesday, reaching $66.50. The company had a trading volume of 8,300 shares, compared to its average volume of 19,011. The firm has a market capitalization of $405.28, a PE ratio of 19.35, a PEG ratio of 1.80 and a beta of 0.80. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.02. Bank of Marin Bancorp has a 12-month low of $59.05 and a 12-month high of $75.05.
Bank of Marin Bancorp (NASDAQ:BMRC) last announced its earnings results on Monday, October 23rd. The bank reported $0.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.83. The company had revenue of $20.85 million for the quarter, compared to analyst estimates of $20.71 million. Bank of Marin Bancorp had a return on equity of 8.85% and a net margin of 24.74%. equities analysts predict that Bank of Marin Bancorp will post 3.31 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, November 3rd were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Thursday, November 2nd. Bank of Marin Bancorp’s payout ratio is 34.73%.
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.
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