Somewhat Positive Media Coverage Somewhat Unlikely to Affect Bank of Marin Bancorp (BMRC) Share Price

News stories about Bank of Marin Bancorp (NASDAQ:BMRC) have trended somewhat positive on Tuesday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bank of Marin Bancorp earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 44.4667840901506 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:

Bank of Marin Bancorp (NASDAQ BMRC) opened at $71.15 on Tuesday. Bank of Marin Bancorp has a one year low of $59.05 and a one year high of $77.90. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.02. The firm has a market cap of $439.26, a P/E ratio of 20.97, a PEG ratio of 1.97 and a beta of 0.80.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its quarterly earnings data on Monday, October 23rd. The bank reported $0.83 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. Bank of Marin Bancorp had a net margin of 24.74% and a return on equity of 8.85%. The firm had revenue of $20.85 million for the quarter, compared to analysts’ expectations of $20.71 million. research analysts expect that Bank of Marin Bancorp will post 3.27 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on BMRC shares. Piper Jaffray Companies set a $72.00 price objective on shares of Bank of Marin Bancorp and gave the stock a “hold” rating in a research note on Tuesday, November 28th. Zacks Investment Research cut shares of Bank of Marin Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 26th. DA Davidson reiterated a “hold” rating and issued a $72.00 price objective on shares of Bank of Marin Bancorp in a research note on Tuesday, October 24th. Finally, BidaskClub upgraded shares of Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $72.60.

In other Bank of Marin Bancorp news, Director Leslie E. Murphy acquired 3,676 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were purchased at an average price of $68.00 per share, for a total transaction of $249,968.00. Following the purchase, the director now directly owns 3,936 shares of the company’s stock, valued at $267,648. The acquisition was disclosed in a filing with the SEC, which is available at this link. 5.17% of the stock is owned by corporate insiders.

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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. The Company operates through 23 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.

Insider Buying and Selling by Quarter for Bank of Marin Bancorp (NASDAQ:BMRC)

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