Bank of Marin Bancorp (NASDAQ:BMRC) Given Coverage Optimism Score of 0.09
Media stories about Bank of Marin Bancorp (NASDAQ:BMRC) have trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than 20 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 media sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 47.1031025179498 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of analysts have recently commented on the company. BidaskClub upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Piper Jaffray Companies cut their price target on Bank of Marin Bancorp from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Monday, April 17th. Zacks Investment Research upgraded Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Keefe, Bruyette & Woods restated a “hold” rating and issued 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $70.75.
Bank of Marin Bancorp (NASDAQ BMRC) traded down 1.94% during mid-day trading on Friday, reaching $63.20. The company had a trading volume of 42,377 shares. Bank of Marin Bancorp has a one year low of $48.50 and a one year high of $75.05. The stock has a 50 day moving average price of $63.87 and a 200 day moving average price of $65.18. The company has a market capitalization of $386.15 million, a P/E ratio of 17.38 and a beta of 0.90.
Bank of Marin Bancorp (NASDAQ:BMRC) last announced its quarterly earnings results on Monday, July 24th. The bank reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ 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 analysts’ expectations of $20.33 million. On average, equities analysts expect that Bank of Marin Bancorp will post $3.25 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Friday, August 4th were given a $0.29 dividend. This is a boost from Bank of Marin Bancorp’s previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, August 2nd. This represents a $1.16 annualized dividend and a yield of 1.84%. Bank of Marin Bancorp’s dividend payout ratio (DPR) is presently 31.78%.
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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