Bank of Marin Bancrp Up 3.01% To $20.20 After Earnings

reported that it broke-even during the quarter.

Revenues were downbeat at $0.00. Keep in mind that the revenues reported were on an adjusted basis, so they may not be directly comparable to estimates and prior periods.

The stock is up 3.01% to $20.20 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Neutral Sentiment score at the moment based on recent trading.

Bank of Marin Bancrp has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 13, putting Bank of Marin Bancrp in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $12.89 on May 4, 2023 and set a 52-week high on October 28, 2022 at $36.78.

Bank of Marin Bancorp is a United States-based bank holding company. It conducts business primarily through its wholly-owned subsidiary. The Bank provides a wide range of financial services to customers such as professionals, small and middle-market businesses, and individuals residing in Marin, Sonoma, Napa, San Francisco, Alameda, Contra Costa, and San Mateo counties. It offers commercial and retail deposit and lending programs, personal and business checking and savings accounts, and wealth management and trust services. The majority of its revenue comes from interest income.