Market Runner: Can Bank of Marin Bancorp’s Tomorrow be Different? The Stock Just Broke Its High

Market Runner: Can Bank of Marin Bancorp's Tomorrow be Different? The Stock Just Broke Its High

The stock of Bank of Marin Bancorp (NASDAQ:BMRC) hit a new 52-week high and has $161.77 target or 185.00% above today’s $56.76 share price. The 8 months bullish chart indicates low risk for the $347.49 million company. The 1-year high was reported on Nov, 9 by If the $161.77 price target is reached, the company will be worth $642.86 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 30,718 shares traded hands or 252.47% up from the average. Bank of Marin Bancorp (NASDAQ:BMRC) has risen 3.77% since April 7, 2016 and is uptrending. It has underperformed by 1.01% the S&P500.

According to Zacks Investment Research, “Bank of Marin is a California State chartered bank.”

Insitutional Activity: The institutional sentiment increased to 2.71 in Q2 2016. Its up 1.45, from 1.26 in 2016Q1. The ratio increased, as 5 funds sold all Bank of Marin Bancorp shares owned while 12 reduced positions. 11 funds bought stakes while 35 increased positions. They now own 2.35 million shares or 3.45% less from 2.43 million shares in 2016Q1.
National Bank & Trust Of America De has invested 0% of its portfolio in Bank of Marin Bancorp (NASDAQ:BMRC). Kcg has invested 0% of its portfolio in Bank of Marin Bancorp (NASDAQ:BMRC). Elizabeth Park Advisors holds 0.04% of its portfolio in Bank of Marin Bancorp (NASDAQ:BMRC) for 2,000 shares. Da Davidson & owns 3,006 shares or 0% of their US portfolio. Strs Ohio accumulated 100 shares or 0% of the stock. Ativo Mgmt Ltd last reported 0.2% of its portfolio in the stock. Federated Invsts Inc Pa, a Pennsylvania-based fund reported 264 shares. Blackrock Institutional Trust Na has 0% invested in the company for 231,027 shares. Moreover, Schwab Charles Investment has 0% invested in Bank of Marin Bancorp (NASDAQ:BMRC) for 9,100 shares. Grandeur Peak Glob Limited Liability Company accumulated 0.03% or 2,575 shares. Dimensional Fund Advisors Ltd Partnership has 51,754 shares for 0% of their US portfolio. Blackrock Fund Advsrs, a California-based fund reported 158,079 shares. Bnp Paribas Arbitrage Sa has 236 shares for 0% of their US portfolio. Deutsche Natl Bank Ag holds 0% or 30,737 shares in its portfolio. Jacobs Levy Equity Inc holds 0% of its portfolio in Bank of Marin Bancorp (NASDAQ:BMRC) for 4,310 shares.

Insider Transactions: Since August 11, 2016, the stock had 0 insider buys, and 1 insider sale for $87,010 net activity. 1,776 shares with value of $87,010 were sold by HELLER H ROBERT on Thursday, August 11.

More recent Bank of Marin Bancorp (NASDAQ:BMRC) news were published by: which released: “Bank Of Marin Bancorp (BMRC) Tops Q3 EPS Expectations” on October 24, 2016. Also published the news titled: “Bank of Marin Bancorp to Webcast Q3 Earnings Monday, October 24 at 8:30 a.m. PT” on June 30, 2016.‘s news article titled: “BRIEF-Bank of Marin Bancorp reports record earnings of $7.0 mln” with publication date: October 24, 2016 was also an interesting one.

BMRC Company Profile

Bank of Marin Bancorp (Bancorp), incorporated on March 2, 2007, is the holding firm 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. The Company’s business banking focus is on small to medium-sized businesses, professionals and not-for-profit organizations. The Firm 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 clients indirectly through other financial institutions, with whom it has correspondent banking relationships.

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