Bank of Marin Bancorp (BMRC) Receives Daily News Impact Score of 0.57
Media stories about Bank of Marin Bancorp (NASDAQ:BMRC) have been trending very positive this week, Accern Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bank of Marin Bancorp earned a coverage optimism score of 0.57 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Bank of Marin Bancorp (NASDAQ:BMRC) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Bank of Marin Bancorp – Value Analysis (NASDAQ:BMRC) : August 5, 2017 (finance.yahoo.com)
- Brokers Set Expectations for Bank of Marin Bancorp’s FY2018 Earnings (BMRC) (americanbankingnews.com)
- Bank Of Marin Bancorp (BMRC) Reports $51M Acquisition of Bank of Napa (streetinsider.com)
- Bank Of Marin Bancorp (BMRC) Acquires Bank Of Napa (BNNP) – Slideshow (seekingalpha.com)
A number of analysts have commented on the company. Zacks Investment Research cut Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. 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. BidaskClub raised Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. ValuEngine raised Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, June 3rd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $68.00 price objective on shares of Bank of Marin Bancorp in a report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Bank of Marin Bancorp presently has an average rating of “Hold” and an average target price of $70.75.
Shares of Bank of Marin Bancorp (NASDAQ:BMRC) remained flat at $65.60 during trading on Monday. 24,100 shares of the stock traded hands. The stock’s 50-day moving average is $63.45 and its 200-day moving average is $65.29. Bank of Marin Bancorp has a 1-year low of $48.50 and a 1-year high of $75.05. The stock has a market cap of $400.82 million, a PE ratio of 18.04 and a beta of 0.90.
Bank of Marin Bancorp (NASDAQ:BMRC) last announced its earnings results on Monday, July 24th. The bank reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.04. Bank of Marin Bancorp had a net margin of 26.72% and a return on equity of 9.63%. The business had revenue of $20.40 million during the quarter, compared to the consensus estimate of $20.33 million. Analysts anticipate that Bank of Marin Bancorp will post $3.26 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Friday, August 4th will be paid a dividend of $0.29 per share. This is an increase from Bank of Marin Bancorp’s previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, August 2nd. This represents a $1.16 annualized dividend and a dividend yield of 1.77%. Bank of Marin Bancorp’s dividend payout ratio is 31.78%.
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About Bank of Marin Bancorp
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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