Keefe, Bruyette & Woods Maintains Outperform on Bank of Marin, Maintains $21 Price Target
$BMRC
Major Banks
Finance
Keefe, Bruyette & Woods analyst Wood Lay maintains Bank of Marin (NASDAQ:BMRC) with a Outperform and maintains $21 price target.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/10/2024 | $24.00 | Neutral → Buy | DA Davidson |
| 3/2/2023 | Neutral → Buy | Janney | |
| 12/28/2021 | $40.00 | Equal-Weight | Stephens |
| 12/21/2021 | $45.00 | Outperform | Keefe Bruyette |
| 7/20/2021 | $43.00 | Mkt Perform → Outperform | Keefe Bruyette |
8-K/A - Bank of Marin Bancorp (0001403475) (Filer)
8-K - Bank of Marin Bancorp (0001403475) (Filer)
10-Q - Bank of Marin Bancorp (0001403475) (Filer)
SC 13D/A - Bank of Marin Bancorp (0001403475) (Subject)
SC 13G/A - Bank of Marin Bancorp (0001403475) (Subject)
SC 13D/A - Bank of Marin Bancorp (0001403475) (Subject)
Bank of Marin Bancorp (NASDAQ:BMRC) and Bank of Marin, its wholly owned subsidiary, announce the retirement of Robert Heller from its board of directors effective May 13, 2024. Heller joined both Bank of Marin Bancorp and Bank of Marin boards in 2005. "It has been a great pleasure to serve on the boards of Bank of Marin and Bank of Marin Bancorp, the preeminent community banking institution of northern California, for the last two decades. During this time, the Bank grew its assets five-fold while maintaining a pristine credit quality and paying consistent dividends to its shareholders," said Heller. "The Bank showed by its strength and resilience the true value that a local community ban
The Board of Directors for Bank of Marin Bancorp (NASDAQ:BMRC), parent company of Bank of Marin, is pleased to announce the appointment of Cigdem Gencer to its board of directors. Gencer's appointment, which is effective October 20, 2023, increases the Board membership to thirteen directors. "On behalf of the board of directors and Bank, I am honored to welcome Cigdem to our team," said Willie McDevitt, board chair. "Her vast experience and perspective will add to our robust and talented team, whose commitment to the Board ranges from two to 34 years. Her appointment is significant as it demonstrates progress in our commitment to enhancing the diversity of our board." Gencer brings exte
David Bloom—30 year banking veteran—appointed as Head of Commercial Banking Office; Nikki Sloan named new Head of Growth & Strategy Bank of Marin Bancorp (NASDAQ:BMRC) and its wholly owned subsidiary, Bank of Marin, announce executive leadership changes including the appointment of David Bloom as Head of Commercial Banking and Nikki Sloan as the Head of Growth & Strategy, a newly created role at the Bank. "We are excited to take advantage of the opportunity to add depth to our leadership team. This executive leadership restructuring will help propel growth in our Commercial Banking segment, while placing intentional focus on the execution of our strategic objectives to position the Bank
Strong Capital Supports Repositioning for Profitability Bank of Marin Bancorp, "Bancorp" (NASDAQ:BMRC), parent company of Bank of Marin, "Bank," announced a net loss of $21.9 million for the second quarter of 2024, compared to net income of $2.9 million for the first quarter of 2024. Diluted loss per share was $(1.36) for the second quarter, compared to earnings per share of $0.18 for the prior quarter. Net loss for the first six months of 2024 totaled $19.0 million, compared to net income of $14.0 million for the same period last year. Diluted (loss) earnings per share were $(1.18) and $0.87 for the first six months of 2024 and 2023, respectively. Both the second quarter and six months o
Non-Interest Bearing Deposit Growth and Proactive Credit Risk Management Bank of Marin Bancorp, "Bancorp" (NASDAQ:BMRC), parent company of Bank of Marin, "Bank," announced earnings of $2.9 million for the first quarter of 2024, compared to $610 thousand for the fourth quarter of 2023 and $9.4 million for the first quarter of 2023. Diluted earnings per share were $0.18 for the first quarter, compared to $0.04 for the prior quarter and $0.59 for the first quarter of 2023. Net interest margin compression due to the rapid rise in interest rates this cycle is clearly evident in the comparison of 2024 and 2023 first quarter earnings. In addition, prior quarter results reflected a $5.9 million p
Proactive Balance Sheet and Credit Risk Management Bank of Marin Bancorp, "Bancorp" (NASDAQ:BMRC), parent company of Bank of Marin, "Bank," today announced earnings of $610 thousand for the fourth quarter of 2023, compared to $5.3 million for the third quarter of 2023. Diluted earnings per share were $0.04 for the fourth quarter of 2023, compared to $0.33 for the prior quarter. Full year 2023 earnings were $19.9 million, compared to $46.6 million for 2022. Diluted earnings per share were $1.24 and $2.92 for the years ended December 31, 2023 and December 31, 2022, respectively. Major drivers of the decrease in fourth quarter earnings were a $5.9 million pretax net loss on the sale of inves
Bank of Marin Bancorp (NASDAQ:BMRC) will present its third quarter earnings call via webcast on Monday, October 28, 2024, at 8:30 a.m. PT/11:30 a.m. ET. All interested parties are invited to listen to President and Chief Executive Officer Tim Myers, Executive Vice President and Chief Financial Officer Tani Girton, and Executive Vice President and Chief Credit Officer Misako Stewart, discuss the Company's fiscal third quarter, which ended September 30, 2024. Investors will have the opportunity to listen to the webcast online through Bank of Marin's website at www.bankofmarin.com under "Investor Relations." To listen to the webcast live, please log on at least 15 minutes before the call to
Strong Capital Supports Repositioning for Profitability Bank of Marin Bancorp, "Bancorp" (NASDAQ:BMRC), parent company of Bank of Marin, "Bank," announced a net loss of $21.9 million for the second quarter of 2024, compared to net income of $2.9 million for the first quarter of 2024. Diluted loss per share was $(1.36) for the second quarter, compared to earnings per share of $0.18 for the prior quarter. Net loss for the first six months of 2024 totaled $19.0 million, compared to net income of $14.0 million for the same period last year. Diluted (loss) earnings per share were $(1.18) and $0.87 for the first six months of 2024 and 2023, respectively. Both the second quarter and six months o
Bank of Marin Bancorp (NASDAQ:BMRC) will present its second quarter earnings call via webcast on Monday, July 29, 2024, at 8:30 a.m. PT/11:30 a.m. ET. All interested parties are invited to listen to President and Chief Executive Officer Tim Myers, Executive Vice President and Chief Financial Officer Tani Girton, and Executive Vice President and Chief Credit Officer Misako Stewart discuss the Company's fiscal second quarter, which ended June 30, 2024. Investors will have the opportunity to listen to the webcast online through Bank of Marin's website at www.bankofmarin.com under "Investor Relations." To listen to the webcast live, please log on at least 15 minutes before the call to regis
4 - Bank of Marin Bancorp (0001403475) (Issuer)
4 - Bank of Marin Bancorp (0001403475) (Issuer)
4 - Bank of Marin Bancorp (0001403475) (Issuer)
DA Davidson upgraded Bank of Marin from Neutral to Buy and set a new price target of $24.00
Janney upgraded Bank of Marin from Neutral to Buy
Stephens initiated coverage of Bank of Marin with a rating of Equal-Weight and set a new price target of $40.00
Keefe, Bruyette & Woods analyst Wood Lay maintains Bank of Marin (NASDAQ:BMRC) with a Outperform and maintains $21 price target.
In the preceding three months, 4 analysts have released ratings for Bank of Marin (NASDAQ:BMRC), presenting a wide array of perspectives from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 3 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 2 0 0 3M Ago 0 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $17.0, a high estimate of $21.00, and a low estimate of $15.00. Highlighting a 11.69% decrease, the current
Stephens & Co. analyst Andrew Terrell reiterates Bank of Marin (NASDAQ:BMRC) with a Equal-Weight and maintains $16 price target.