Wall Street brokerages expect Bank of Marin Bancorp (NASDAQ:BMRC) to post earnings per share of $0.81 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Bank of Marin Bancorp’s earnings, with estimates ranging from $0.76 to $0.84. Bank of Marin Bancorp posted earnings per share of $0.79 in the same quarter last year, which indicates a positive year over year growth rate of 2.5%. The business is expected to issue its next quarterly earnings report before the market opens on Monday, July 24th.

According to Zacks, analysts expect that Bank of Marin Bancorp will report full year earnings of $3.23 per share for the current financial year, with EPS estimates ranging from $3.10 to $3.30. For the next financial year, analysts forecast that the business will report earnings of $3.52 per share, with EPS estimates ranging from $3.40 to $3.60. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Bank of Marin Bancorp.

Bank of Marin Bancorp (NASDAQ:BMRC) last posted its quarterly earnings results on Monday, April 24th. The bank reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by $0.06. Bank of Marin Bancorp had a return on equity of 9.54% and a net margin of 26.43%. The business had revenue of $19.74 million for the quarter, compared to analyst estimates of $20.17 million.

Several equities research analysts recently issued reports on BMRC shares. Zacks Investment Research lowered Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, April 27th. ValuEngine raised Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. BidaskClub raised Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $68.00 price objective on shares of Bank of Marin Bancorp in a research note on Wednesday, June 28th. Finally, Piper Jaffray Companies dropped their price objective on Bank of Marin Bancorp from $70.00 to $69.00 and set a “neutral” rating for the company in a research note on Monday, April 17th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Bank of Marin Bancorp presently has a consensus rating of “Hold” and an average price target of $71.00.

A number of large investors have recently modified their holdings of BMRC. Dimensional Fund Advisors LP raised its stake in shares of Bank of Marin Bancorp by 17.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 62,553 shares of the bank’s stock valued at $4,363,000 after buying an additional 9,208 shares during the period. Renaissance Technologies LLC raised its stake in shares of Bank of Marin Bancorp by 9.5% in the fourth quarter. Renaissance Technologies LLC now owns 116,520 shares of the bank’s stock valued at $8,127,000 after buying an additional 10,120 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of Bank of Marin Bancorp during the fourth quarter valued at about $611,000. John W. Rosenthal Capital Management Inc. raised its stake in shares of Bank of Marin Bancorp by 4.2% in the first quarter. John W. Rosenthal Capital Management Inc. now owns 36,234 shares of the bank’s stock valued at $2,332,000 after buying an additional 1,450 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Bank of Marin Bancorp by 1.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,439 shares of the bank’s stock valued at $170,000 after buying an additional 31 shares during the period. 41.89% of the stock is owned by hedge funds and other institutional investors.

Bank of Marin Bancorp (NASDAQ BMRC) traded down 1.41% during trading on Friday, hitting $62.75. The stock had a trading volume of 6,825 shares. The stock has a market capitalization of $382.27 million, a P/E ratio of 17.48 and a beta of 0.88. Bank of Marin Bancorp has a 52 week low of $48.50 and a 52 week high of $75.05. The company has a 50-day moving average of $62.82 and a 200-day moving average of $65.47.

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About Bank of Marin Bancorp

Bank of Marin Bancorp (Bancorp) is the holding company for Bank of Marin (the Bank). The Company’s business banking focus is on small to medium-sized businesses, professionals and not-for-profit organizations. As of December 31, 2016, the Company operated through 20 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.

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Earnings History and Estimates for Bank of Marin Bancorp (NASDAQ:BMRC)

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