Bank of Marin Bancorp (BMRC) Set to Announce Quarterly Earnings on Monday
Bank of Marin Bancorp (NASDAQ:BMRC) will be announcing its Q313 earnings results on Monday, October 21st. Analysts expect the company to announce earnings of $0.72 per share and revenue of $14.65 million for the quarter.
Bank of Marin Bancorp (NASDAQ:BMRC) last released its earnings data on Monday, July 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by $0.22. On average, analysts expect Bank of Marin Bancorp to post $2.85 EPS for the current fiscal year and $3.04 EPS for the next fiscal year.
Shares of Bank of Marin Bancorp (NASDAQ:BMRC) opened at 42.50 on Friday. Bank of Marin Bancorp has a one year low of $34.50 and a one year high of $45.96. The stock’s 50-day moving average is $40.67 and its 200-day moving average is $40.62. The company has a market cap of $230.3 million and a price-to-earnings ratio of 14.58.
A number of research firms have recently commented on BMRC. Analysts at Zacks upgraded shares of Bank of Marin Bancorp from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $43.10 price target on the stock. Finally, analysts at Sandler O’Neill raised their price target on shares of Bank of Marin Bancorp to $45.00 in a research note to investors on Tuesday, July 23rd. They now have a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $44.39.
Bank of Marin Bancorp (NASDAQ:BMRC) is the holding company for Bank of Marin (the Bank).
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