Bank of Marin Bancorp (BMRC) Given News Sentiment Score of 0.14
Headlines about Bank of Marin Bancorp (NASDAQ:BMRC) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Bank of Marin Bancorp earned a news impact score of 0.14 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 48.0480306609792 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern’s rankings:
- Bank of Marin Bancorp (BMRC) to Post FY2018 Earnings of $4.14 Per Share, FIG Partners Forecasts (americanbankingnews.com)
- Bank of Marin Bancorp Expected to Post Q2 2018 Earnings of $1.07 Per Share (BMRC) (americanbankingnews.com)
- Bank of Marin 1Q earnings up 42% (northbaybusinessjournal.com)
- Q3 2018 EPS Estimates for Bank of Marin Bancorp (BMRC) Raised by Analyst (americanbankingnews.com)
- Bank of Marin Bancorp to Post Q2 2018 Earnings of $0.96 Per Share, DA Davidson Forecasts (BMRC) (americanbankingnews.com)
Shares of BMRC stock opened at $74.60 on Friday. The company has a market capitalization of $528.08, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 1.66 and a beta of 0.70. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.02. Bank of Marin Bancorp has a fifty-two week low of $59.05 and a fifty-two week high of $77.90.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 11th. Stockholders of record on Friday, May 4th will be issued a dividend of $0.31 per share. This is an increase from Bank of Marin Bancorp’s previous quarterly dividend of $0.29. The ex-dividend date is Thursday, May 3rd. This represents a $1.24 annualized dividend and a dividend yield of 1.66%. Bank of Marin Bancorp’s payout ratio is currently 35.37%.
A number of equities research analysts have weighed in on BMRC shares. BidaskClub upgraded Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, March 15th. ValuEngine upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Piper Jaffray reiterated a “hold” rating and issued a $75.00 target price on shares of Bank of Marin Bancorp in a report on Tuesday, January 9th. DA Davidson lifted their target price on Bank of Marin Bancorp to $78.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Zacks Investment Research downgraded Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $76.25.
In other news, CEO Russell A. Colombo sold 911 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $68.00, for a total transaction of $61,948.00. Following the completion of the sale, the chief executive officer now owns 26,133 shares in the company, valued at $1,777,044. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 5.17% of the company’s stock.
Bank of Marin Bancorp Company Profile
Bank of Marin Bancorp operates as the holding company for Bank of Marin that provides a range of financial services primarily to professionals, small and middle-market businesses, individuals, and not-for-profit organizations in California, the United States. The company offers personal and business checking and savings accounts; and time certificates of deposit, individual retirement accounts, health savings accounts, and demand deposit marketplace accounts, as well as certificate of deposit account registry and insured cash sweep services.
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