Somewhat Positive Media Coverage Somewhat Unlikely to Impact Bank of Marin Bancorp (BMRC) Share Price
Headlines about Bank of Marin Bancorp (NASDAQ:BMRC) have been trending somewhat positive on Friday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Bank of Marin Bancorp earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave headlines about the bank an impact score of 47.6207525832977 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Bank of Marin Bancorp (NASDAQ BMRC) traded up 0.54% during trading on Friday, reaching $65.50. The company’s stock had a trading volume of 6,730 shares. The company’s 50-day moving average is $64.48 and its 200-day moving average is $64.93. Bank of Marin Bancorp has a 12 month low of $48.60 and a 12 month high of $75.05. The stock has a market cap of $400.21 million, a PE ratio of 18.01 and a beta of 0.90.
Bank of Marin Bancorp (NASDAQ:BMRC) last posted its earnings results on Monday, July 24th. The bank reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.04. The business had revenue of $20.40 million during the quarter, compared to analyst estimates of $20.33 million. Bank of Marin Bancorp had a return on equity of 9.55% and a net margin of 26.72%. Equities analysts expect that Bank of Marin Bancorp will post $3.27 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Friday, August 4th were issued a $0.29 dividend. This is a positive change from Bank of Marin Bancorp’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.78%. Bank of Marin Bancorp’s dividend payout ratio (DPR) is presently 31.78%.
A number of research firms recently issued reports on BMRC. BidaskClub raised Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $68.00 target price on shares of Bank of Marin Bancorp in a research note on Wednesday, June 28th. Piper Jaffray Companies set a $68.00 target price on Bank of Marin Bancorp and gave the stock a “hold” rating in a research note on Sunday, July 30th. Finally, ValuEngine raised Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $70.75.
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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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