Bank Of Marin Bancorp Receives a Hold from Piper Jaffray

By Ryan Adsit

In a report issued on July 28, Matthew Clark from Piper Jaffray reiterated a Hold rating on Bank Of Marin Bancorp (NASDAQ: BMRC), with a price target of $68. The company’s shares closed on Friday at $65.95.

According to TipRanks.com, Clark is a 3-star analyst with an average return of 2.4% and a 57.4% success rate. Clark covers the Financial sector, focusing on stocks such as First Interstate Bancsystem, Pacific Premier Bancorp Inc, and First Bancorp Puerto Rico.

Bank Of Marin Bancorp has an analyst consensus of Hold, with a price target consensus of $68.

Bank Of Marin Bancorp’s market cap is currently $406.3M and has a P/E ratio of 18.07. The company has a book value ratio of 1.6878.

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Bank of Marin Bancorp operates as a bank holding company. It operates through its subsidiary, the Bank of Marin, which provides financial services to customers, who are predominantly professionals, small and middle-market businesses, and individuals who work and reside in Marin, San Francisco and Sonoma counties.