Bank of Marin Bancorp (BMRC) Announces Quarterly Earnings Results, Hits Estimates
Bank of Marin Bancorp (NASDAQ:BMRC) released its quarterly earnings results on Monday. The bank reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83, reports. Bank of Marin Bancorp had a return on equity of 9.55% and a net margin of 26.72%.
Bank of Marin Bancorp (NASDAQ BMRC) opened at 67.85 on Monday. The company’s 50-day moving average price is $67.38 and its 200 day moving average price is $64.73. The firm has a market capitalization of $414.56 million, a price-to-earnings ratio of 18.66 and a beta of 0.88. Bank of Marin Bancorp has a 52-week low of $49.50 and a 52-week high of $75.05.
Several equities analysts recently commented on the company. Keefe, Bruyette & Woods reissued a “hold” rating and set a $68.00 price target on shares of Bank of Marin Bancorp in a research report on Wednesday, June 28th. Zacks Investment Research raised Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Monday, September 25th. BidaskClub raised Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Finally, Piper Jaffray Companies set a $68.00 price target on Bank of Marin Bancorp and gave the stock a “hold” rating in a research report on Sunday, July 30th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $70.00.
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Bank of Marin Bancorp Company Profile
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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