Bank of Marin Bancorp (NASDAQ:BMRC – Get Free Report) announced its earnings results on Monday. The bank reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06, Zacks reports. Bank of Marin Bancorp had a positive return on equity of 3.05% and a negative net margin of 9.49%.
Bank of Marin Bancorp Trading Up 2.4 %
Shares of NASDAQ:BMRC opened at $24.57 on Monday. The firm has a market cap of $395.01 million, a price-to-earnings ratio of -28.47 and a beta of 0.93. The stock’s 50-day moving average price is $24.28 and its two-hundred day moving average price is $22.14. Bank of Marin Bancorp has a 12-month low of $14.11 and a 12-month high of $27.11.
Analysts Set New Price Targets
BMRC has been the topic of a number of analyst reports. DA Davidson raised Bank of Marin Bancorp from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Thursday, October 10th. Keefe, Bruyette & Woods raised their price target on shares of Bank of Marin Bancorp from $26.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. StockNews.com lowered shares of Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Stephens restated an “overweight” rating and set a $30.00 target price on shares of Bank of Marin Bancorp in a research report on Thursday, January 2nd.
About Bank of Marin Bancorp
Bank of Marin Bancorp operates as the holding company for Bank of Marin that provides a range of financial services primarily to small to medium-sized businesses, not-for-profit organizations, and commercial real estate investors in the United States. The company offers personal and business checking and savings accounts; and individual retirement, health savings, and demand deposit marketplace accounts, as well as time certificates of deposit, certificate of deposit account registry, and insured cash sweep services.
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