KBW Transfers Coverage Of BMRC

KBW is transferring coverage of Bank of Marin Bancorp BMRC and reiterating its EPS estimates and price target.

“As our price target offers investors a one-year potential total return of 24.0%, we are also reiterating our Outperform rating on shares,” KBW writes. “Over the past three years, BMRC has participated in an FDIC-assisted transaction, grown its organic loan portfolio by 30%, produced a 3-year CAGR of 4.8% on operating EPS, and increased its dividend three times.”

Bank of Marin Bancorp closed Friday at $36.00.