Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Bank of Marin Bancorp (BMRC) Share Price

Media stories about Bank of Marin Bancorp (NASDAQ:BMRC) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded 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 media sentiment score of 0.22 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 44.8547740692905 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Shares of Bank of Marin Bancorp (NASDAQ:BMRC) opened at $70.90 on Thursday. The firm has a market cap of $438.95, a PE ratio of 21.29, a price-to-earnings-growth ratio of 1.69 and a beta of 0.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.91 and a current ratio of 0.91. Bank of Marin Bancorp has a 12 month low of $59.05 and a 12 month high of $77.90.

Bank of Marin Bancorp (NASDAQ:BMRC) last released its quarterly earnings data on Monday, October 23rd. The bank reported $0.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.83. The business had revenue of $20.85 million during the quarter, compared to analyst estimates of $20.71 million. Bank of Marin Bancorp had a net margin of 24.74% and a return on equity of 8.85%. equities research analysts predict that Bank of Marin Bancorp will post 3.27 earnings per share for the current year.

BMRC has been the subject of a number of recent research reports. BidaskClub raised shares of Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Piper Jaffray Companies set a $72.00 price target on shares of Bank of Marin Bancorp and gave the company a “hold” rating in a research report on Tuesday, November 28th. Zacks Investment Research upgraded shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Monday, December 25th. DA Davidson restated a “hold” rating and set a $72.00 price objective on shares of Bank of Marin Bancorp in a research note on Tuesday, October 24th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $74.00 price objective on shares of Bank of Marin Bancorp in a research note on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $73.80.

In other news, Director Leslie E. Murphy acquired 3,676 shares of Bank of Marin Bancorp stock in a transaction on Wednesday, November 22nd. The stock was acquired at an average cost of $68.00 per share, for a total transaction of $249,968.00. Following the purchase, the director now owns 3,936 shares in the company, valued at $267,648. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.17% of the stock is currently owned by company insiders.

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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. The Company operates through 23 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.

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

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