News articles about Bank of Marin Bancorp (NASDAQ:BMRC) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of 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 gave news stories about the bank an impact score of 46.8590419414284 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
Shares of BMRC opened at $69.90 on Wednesday. Bank of Marin Bancorp has a 12-month low of $59.05 and a 12-month high of $77.90. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $488.63, a price-to-earnings ratio of 21.31, a PEG ratio of 1.57 and a beta of 0.70.
Bank of Marin Bancorp (NASDAQ:BMRC) last issued its earnings results on Monday, January 22nd. The bank reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.06). Bank of Marin Bancorp had a return on equity of 8.10% and a net margin of 18.83%. The firm had revenue of $22.13 million during the quarter, compared to analyst estimates of $22.10 million. research analysts forecast that Bank of Marin Bancorp will post 4.05 earnings per share for the current fiscal year.
BMRC has been the subject of a number of recent research reports. Zacks Investment Research raised Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a report on Monday, December 25th. BidaskClub cut Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. Piper Jaffray reaffirmed a “hold” rating and issued a $75.00 target price on shares of Bank of Marin Bancorp in a report on Tuesday, January 9th. ValuEngine raised Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $74.00 target price on shares of Bank of Marin Bancorp in a report on Friday, December 22nd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Bank of Marin Bancorp presently has an average rating of “Hold” and a consensus price target of $74.75.
In other Bank of Marin Bancorp news, CEO Russell A. Colombo sold 911 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $68.00, for a total value of $61,948.00. Following the completion of the transaction, the chief executive officer now owns 26,133 shares of the company’s stock, valued at approximately $1,777,044. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.17% of the stock is owned by corporate insiders.
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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. The Company operates through 23 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.
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