Bank of Marin Bancorp (NASDAQ:BMRC) – Equities research analysts at DA Davidson raised their FY2017 earnings per share estimates for Bank of Marin Bancorp in a research report issued on Monday. DA Davidson analyst J. Rulis now anticipates that the bank will earn $3.15 per share for the year, up from their prior forecast of $3.10.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its quarterly earnings results on Monday, July 24th. The bank reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.04. Bank of Marin Bancorp had a return on equity of 9.63% and a net margin of 26.72%. The firm had revenue of $20.40 million during the quarter, compared to analyst estimates of $20.33 million.

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Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday. Piper Jaffray Companies reduced their price objective on shares of Bank of Marin Bancorp from $70.00 to $69.00 and set a “neutral” rating for the company in a research report on Monday, April 17th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $68.00 price objective on shares of Bank of Marin Bancorp in a research report on Wednesday, June 28th. ValuEngine upgraded shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, June 3rd. Finally, BidaskClub upgraded shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Bank of Marin Bancorp presently has an average rating of “Hold” and an average target price of $71.00.

Bank of Marin Bancorp (NASDAQ BMRC) traded down 0.89% on Thursday, reaching $66.50. The company’s stock had a trading volume of 5,739 shares. The firm has a market capitalization of $405.12 million, a price-to-earnings ratio of 18.53 and a beta of 0.88. The company has a 50 day moving average of $63.16 and a 200 day moving average of $65.34. Bank of Marin Bancorp has a 52 week low of $48.50 and a 52 week high of $75.05.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Friday, August 4th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.73%. This is an increase from Bank of Marin Bancorp’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, August 2nd. Bank of Marin Bancorp’s dividend payout ratio (DPR) is presently 29.59%.

Several large investors have recently bought and sold shares of the stock. Prudential Financial Inc. increased its stake in Bank of Marin Bancorp by 0.3% in the first quarter. Prudential Financial Inc. now owns 46,272 shares of the bank’s stock worth $2,978,000 after buying an additional 140 shares during the last quarter. Bank of America Corp DE increased its stake in Bank of Marin Bancorp by 13.9% in the first quarter. Bank of America Corp DE now owns 1,684 shares of the bank’s stock worth $108,000 after buying an additional 206 shares during the last quarter. American International Group Inc. increased its stake in Bank of Marin Bancorp by 7.0% in the first quarter. American International Group Inc. now owns 3,670 shares of the bank’s stock worth $236,000 after buying an additional 240 shares during the last quarter. Grandeur Peak Global Advisors LLC increased its stake in Bank of Marin Bancorp by 15.5% in the first quarter. Grandeur Peak Global Advisors LLC now owns 2,975 shares of the bank’s stock worth $191,000 after buying an additional 400 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in Bank of Marin Bancorp by 0.7% in the first quarter. Mutual of America Capital Management LLC now owns 62,727 shares of the bank’s stock worth $4,036,000 after buying an additional 442 shares during the last quarter. Institutional investors own 41.89% of the company’s stock.

Bank of Marin Bancorp Company Profile

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.

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

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