Market Overview

UPDATE: Wunderlich Securities Downgrades Bank of Marin Bancorp to Hold on Valuation


Wunderlich Securities lowered its rating on Bank of Marin Bancorp (NASDAQ: BMRC) from Buy to Hold and lowered its price target from $42 to $40.

Wunderlich Securities said, "We are downgrading shares of Bank of Marin Bancorp (BMRC) to Hold from Buy and we are lowering our price target by $2 to $40. BMRC reported 3Q12 EPS of $0.59, which was $0.28 below consensus and $0.30 below our estimate. The company's record third quarter results were negatively impacted by a significant amount of net interest margin pressure and higher-than-expected credit costs, as well as limited organic loan growth. Overall, our view of BMRC as a high performer in relatively insulated markets in Northern California is unchanged, but we believe that much of this view is already factored into the stock near current levels."

Bank of Marin Bancorp closed at $39.40 on Monday.

Latest Ratings for BMRC

Jan 2017Initiates Coverage OnNeutral
Oct 2015MaintainsMarket Perform
Jan 2015DowngradesOutperformMarket Perform

View More Analyst Ratings for BMRC
View the Latest Analyst Ratings

Posted-In: Wunderlich SecuritiesAnalyst Color Downgrades Intraday Update Analyst Ratings


Related Articles (BMRC)

View Comments and Join the Discussion!

Latest Ratings

CHNGInitiates Coverage On19.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

UPDATE: Stifel Nicolaus Upgrades National CineMedia to Buy on Positive Outlook

Ameristar Casinos Announces Project Details for Casino Resort Spa in Springfield, Mass.