KBW analyst Wood Lay assigned a Buy rating to Bank Of Marin Bancorp (BMRC – Research Report) yesterday and set a price target of $21.00. The company’s shares closed yesterday at $15.19.
According to TipRanks, Lay is a 2-star analyst with an average return of -0.3% and a 50.00% success rate. Lay covers the Financial sector, focusing on stocks such as Amerant Bancorp, Bank Of Marin Bancorp, and Bok Financial.
Currently, the analyst consensus on Bank Of Marin Bancorp is a Hold with an average price target of $18.50.
Based on Bank Of Marin Bancorp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $20.98 million and a net profit of $609 thousand. In comparison, last year the company earned a revenue of $35.96 million and had a net profit of $12.88 million
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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.
