Bank of Marin Bancorp (NASDAQ:BMRC) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 27, 2016
Zacks Investment Research has downgraded Bank of Marin Bancorp (NASDAQ:BMRC) to Hold in a statement released on 09/27/2016.
On 09/26/2016, Zacks Investment Research released a statement for Bank of Marin Bancorp (NASDAQ:BMRC) bumped up the target price from $0.00 to $56.00 that suggested an upside of 0.12%.
Boasting a price of $49.76, Bank of Marin Bancorp (NASDAQ:BMRC) traded -0.12% lower on the day. With the last stock price close up 0.68% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Bank of Marin Bancorp has recorded a 50-day average of $49.43 and a two hundred day average of $49.42. Volume of trade was down over the average, with 3,616 shares of BMRC changing hands under the typical 7,655
With a total market value of $0, Bank of Marin Bancorp has price-earnings ratio of 14.99 with a one year low of $45.65 and a one year high of $56.77 .
Brief Synopsis About Bank of Marin Bancorp (NASDAQ:BMRC)
Bank of Marin Bancorp (Bancorp) is the holding company for Bank of Marin (the Bank). The Company's customer base is made up of business and personal banking relationships from the communities near the branch office locations. Its business banking focus is on small to medium-sized businesses, professionals and not-for-profit organizations. The Company operates through approximately 20 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties, with a focus on supporting the local communities. It makes international banking services available to its customers indirectly through other financial institutions, with whom it has correspondent banking relationships. It offers a range of commercial and retail deposit and lending programs. Its lending categories include commercial real estate loans, commercial and industrial loans, construction financing, consumer loans and home equity lines of credit. It also offers Wealth Management and Trust Services (WMTS).
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