Bank of Marin Bancorp Rating Increased to Neutral at Zacks (BMRC)
Bank of Marin Bancorp (NASDAQ:BMRC) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, AnalystRatings.Net reports. The firm currently has a $43.10 price objective on the stock. Zacks‘ price target points to a potential upside of 2.35% from the company’s current price.
A number of other firms have also recently commented on BMRC. Analysts at Sandler O’Neill raised their price target on shares of Bank of Marin Bancorp to $45.00 in a research note to investors on Tuesday, July 23rd. They now have a “hold” rating on the stock. Separately, analysts at Raymond James downgraded shares of Bank of Marin Bancorp from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, July 23rd. They now have a $45.00 price target on the stock. Finally, analysts at DA Davidson downgraded shares of Bank of Marin Bancorp from a “buy” rating to a “neutral” rating in a research note to investors on Monday, July 22nd. They now have a $47.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Bank of Marin Bancorp currently has a consensus rating of “Hold” and a consensus target price of $44.39.
Bank of Marin Bancorp (NASDAQ:BMRC) traded down 0.14% during mid-day trading on Wednesday, hitting $42.05. 1,229 shares of the company’s stock traded hands. Bank of Marin Bancorp has a 52 week low of $34.50 and a 52 week high of $45.96. The stock’s 50-day moving average is $40.61 and its 200-day moving average is $40.61. The company has a market cap of $227.9 million and a P/E ratio of 14.52.
Bank of Marin Bancorp (NASDAQ:BMRC) last announced its earnings results on Monday, July 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by $0.22. On average, analysts predict that Bank of Marin Bancorp will post $2.85 earnings per share for the current fiscal year.
Bank of Marin Bancorp (NASDAQ:BMRC) is the holding company for Bank of Marin (the Bank).
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