Bank of Marin Bancorp Upgraded by FIG Partners to Outperform (BMRC)
Bank of Marin Bancorp (NASDAQ:BMRC) was upgraded by FIG Partners from a “market perform” rating to an “outperform” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $50.00 price objective on the stock, up from their previous price objective of $45.00. FIG Partners’ target price points to a potential upside of 13.92% from the stock’s previous close.
Shares of Bank of Marin Bancorp (NASDAQ:BMRC) traded up 0.71% during mid-day trading on Tuesday, hitting $43.74. The stock had a trading volume of 43,493 shares. Bank of Marin Bancorp has a 52 week low of $36.89 and a 52 week high of $46.21. The stock has a 50-day moving average of $43.70 and a 200-day moving average of $42.6. The company has a market cap of $237.6 million and a price-to-earnings ratio of 14.34.
Bank of Marin Bancorp (NASDAQ:BMRC) last announced its earnings results on Monday, January 27th. The company reported $0.41 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.67 by $0.26. During the same quarter last year, the company posted $0.86 earnings per share. Analysts expect that Bank of Marin Bancorp will post $2.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 14th. Shareholders of record on Friday, February 7th will be given a dividend of 0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.73%.
Bank of Marin Bancorp (NASDAQ:BMRC) is the holding company for Bank of Marin (the Bank).
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