Price Don’t Lie: Is Bank of Marin Bancorp a Buy? The Stock Reaches All-Time High Today

Price Don't Lie: Is Bank of Marin Bancorp a Buy? The Stock Reaches All Time High Today

The stock of Bank of Marin Bancorp (NASDAQ:BMRC) reached all time high today, Nov, 14 and still has $177.78 target or 184.00% above today’s $62.60 share price. This indicates more upside for the $405.72 million company. This technical setup was reported by Barchart.com. If the $177.78 PT is reached, the company will be worth $746.52 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 11,088 shares traded hands. Bank of Marin Bancorp (NASDAQ:BMRC) has risen 25.10% since April 12, 2016 and is uptrending. It has outperformed by 20.12% 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 2016 Q2. Its up 1.45, from 1.26 in 2016Q1. The ratio improved, 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.
Comml Bank Of Mellon holds 0% of its portfolio in Bank of Marin Bancorp (NASDAQ:BMRC) for 22,433 shares. Metropolitan Life Ins has 4,798 shares for 0% of their US portfolio. Elizabeth Park Advisors Limited owns 2,000 shares or 0.04% of their US portfolio. Natl Bank Of Montreal Can holds 0% of its portfolio in Bank of Marin Bancorp (NASDAQ:BMRC) for 1,758 shares. Victory Capital has invested 0% of its portfolio in Bank of Marin Bancorp (NASDAQ:BMRC). Northern Trust reported 76,217 shares or 0% of all its holdings. Tower Research Cap Limited Liability Corporation (Trc) owns 618 shares or 0% of their US portfolio. Geode Capital Mgmt Limited Liability Company has 35,258 shares for 0% of their US portfolio. M&R Capital Mgmt accumulated 52 shares or 0% of the stock. Legal & General Group Public Limited Company has invested 0% of its portfolio in Bank of Marin Bancorp (NASDAQ:BMRC). The Ontario – Canada-based Manufacturers Life Insurance Company The has invested 0.02% in Bank of Marin Bancorp (NASDAQ:BMRC). Schwab Charles Inv Mngmt last reported 9,100 shares in the company. Earnest Limited Liability Corporation last reported 300 shares in the company. Tiaa Cref Mngmt Limited Liability Company holds 23,282 shares or 0% of its portfolio. Banc Funds Lc accumulated 240,496 shares or 0.68% of the stock.

Insider Transactions: Since August 11, 2016, the stock had 0 insider buys, and 2 selling transactions for $391,810 net activity. On Monday, November 7 Colombo Russell A sold $304,800 worth of the stock or 6,000 shares. HELLER H ROBERT sold 1,776 shares worth $87,010.

More recent Bank of Marin Bancorp (NASDAQ:BMRC) news were published by: Streetinsider.com which released: “Bank Of Marin Bancorp (BMRC) Tops Q3 EPS Expectations” on October 24, 2016. Also Businesswire.com 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. Reuters.com‘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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