Bank of Marin Bancorp Sets New 1-Year High at $47.98 (BMRC)
Bank of Marin Bancorp (NASDAQ:BMRC) shares reached a new 52-week high during mid-day trading on Thursday , AmericanBankingNews.com reports. The stock traded as high as $47.98 and last traded at $47.79, with a volume of 15,070 shares traded. The stock had previously closed at $47.01.
BMRC has been the subject of a number of recent research reports. Analysts at Sandler O’Neill upgraded shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 22nd. They now have a $55.00 price target on the stock, up previously from $49.00. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Bank of Marin Bancorp from $49.00 to $50.00 in a research note on Tuesday, July 22nd. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Bank of Marin Bancorp presently has a consensus rating of “Buy” and an average target price of $50.00.
The stock has a 50-day moving average of $45.27 and a 200-day moving average of $44.59. The company has a market cap of $280.6 million and a price-to-earnings ratio of 16.98.
Bank of Marin Bancorp (NASDAQ:BMRC) last announced its earnings results on Monday, July 21st. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.80 by $0.06. During the same quarter in the prior year, the company posted $0.55 earnings per share. Analysts expect that Bank of Marin Bancorp will post $3.36 EPS 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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