Shares of Bank of Marin Bancorp (NASDAQ:BMRC) have been assigned a consensus rating of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $73.67.
A number of equities research analysts have issued reports on the company. Zacks Investment Research raised Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Monday, December 25th. BidaskClub cut Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. Piper Jaffray restated a “hold” rating and set a $75.00 price objective on shares of Bank of Marin Bancorp in a research note on Tuesday, January 9th. ValuEngine upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. 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.
In other news, CEO Russell A. Colombo sold 911 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $68.00, for a total transaction of $61,948.00. Following the completion of the transaction, the chief executive officer now directly owns 26,133 shares of the company’s stock, valued at $1,777,044. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.17% of the stock is currently owned by corporate insiders.
Shares of BMRC traded down $1.05 during mid-day trading on Thursday, hitting $69.95. The company’s stock had a trading volume of 8,877 shares, compared to its average volume of 22,215. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $488.63, a P/E ratio of 21.65, a P/E/G ratio of 1.57 and a beta of 0.70. Bank of Marin Bancorp has a 1-year low of $59.05 and a 1-year high of $77.90.
Bank of Marin Bancorp (NASDAQ:BMRC) last posted its quarterly earnings results on Monday, January 22nd. The bank reported $0.80 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.06). The business had revenue of $22.13 million during the quarter, compared to analyst estimates of $22.10 million. Bank of Marin Bancorp had a net margin of 18.83% and a return on equity of 8.10%. research analysts anticipate that Bank of Marin Bancorp will post 4.05 EPS for the current year.
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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.
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