Today, the CAO of Bank Of Marin Bancorp (NASDAQ: BMRC), Min Situ, bought shares of BMRC for $16.26K.
Following this transaction Min Situ’s holding in the company was increased by 8.27% to a total of $212.9K. This is Situ’s first Buy trade following 4 Sell transactions.
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Based on Bank Of Marin Bancorp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $24.69 million and quarterly net profit of $6.39 million. In comparison, last year the company earned revenue of $20.15 million and had a net profit of $4.55 million. The company has a one-year high of $78.45 and a one-year low of $59.05. BMRC’s market cap is $531.2M and the company has a P/E ratio of 27.76.
Three different firms, including FIG Partners and Raymond James, currently also have a Buy rating on the stock. Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $77.67, reflecting a -1.7% downside.
The insider sentiment on Bank Of Marin Bancorp has been negative according to 71 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Min Situ’s trades have generated a 6.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Bank of Marin Bancorp is a bank holding company. The firm operates through the Bank of Marin, which engages in the provision financial services to customers.
