In a report released today, Matthew Clark from Piper Sandler maintained a Hold rating on Bank Of Marin Bancorp (BMRC – Research Report), with a price target of $18.00. The company’s shares closed last Friday at $18.73.
According to TipRanks, Clark is a 4-star analyst with an average return of 7.6% and a 54.36% success rate. Clark covers the Financial sector, focusing on stocks such as Preferred Bank, Cathay General Bancorp, and Cvb Financial.
In addition to Piper Sandler, Bank Of Marin Bancorp also received a Hold from D.A. Davidson’s Jeff Rulis in a report issued on January 30. However, on January 31, KBW assigned a Buy rating to Bank Of Marin Bancorp (NASDAQ: BMRC).
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Based on Bank Of Marin Bancorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $27.07 million and a net profit of $5.3 million. In comparison, last year the company earned a revenue of $35.75 million and had a net profit of $12.17 million
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BMRC in relation to earlier this year.
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Bank Of Marin Bancorp (BMRC) Company Description:
Bank of Marin Bancorp is a bank holding company. It operates through the Bank of Marin, which engages in the provision financial services to customers. It offers traditional community banking activities and wealth management and trust services; personal and business checking and savings accounts; certificates of deposit; individual retirement accounts; health savings accounts; certificate of deposit account registry services; insured cash sweep and demand deposit marketplace accounts. The company was founded on July 1, 2007 and is headquartered in Novato, CA.
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