Brokerages forecast that Bank of Marin Bancorp (NASDAQ:BMRC) will announce $20.71 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Bank of Marin Bancorp’s earnings. The highest sales estimate is $21.00 million and the lowest is $20.34 million. Bank of Marin Bancorp reported sales of $21.50 million during the same quarter last year, which indicates a negative year-over-year growth rate of 3.7%. The business is scheduled to issue its next earnings report on Monday, October 23rd.

On average, analysts expect that Bank of Marin Bancorp will report full-year sales of $20.71 million for the current fiscal year, with estimates ranging from $80.99 million to $83.60 million. For the next financial year, analysts expect that the company will report sales of $96.04 million per share, with estimates ranging from $93.81 million to $97.30 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Bank of Marin Bancorp.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its quarterly earnings results on Monday, July 24th. The bank reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. Bank of Marin Bancorp had a return on equity of 9.55% and a net margin of 26.72%. The business had revenue of $20.40 million during the quarter, compared to analysts’ expectations of $20.33 million.

Several research firms have recently issued reports on BMRC. Piper Jaffray Companies set a $68.00 price target on Bank of Marin Bancorp and gave the stock a “hold” rating in a research report on Sunday, July 30th. Zacks Investment Research lowered Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 26th. BidaskClub downgraded Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods reaffirmed 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, ValuEngine raised Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $70.75.

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Shares of Bank of Marin Bancorp (BMRC) traded up 1.39% on Thursday, hitting $65.55. The stock had a trading volume of 5,039 shares. The company’s 50-day moving average price is $64.55 and its 200 day moving average price is $64.91. The firm has a market cap of $400.51 million, a P/E ratio of 18.02 and a beta of 0.90. Bank of Marin Bancorp has a 12-month low of $48.60 and a 12-month high of $75.05.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Friday, August 4th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.79%. The ex-dividend date was Wednesday, August 2nd. This is an increase from Bank of Marin Bancorp’s previous quarterly dividend of $0.27. Bank of Marin Bancorp’s dividend payout ratio (DPR) is presently 31.78%.

Hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC acquired a new stake in shares of Bank of Marin Bancorp during the first quarter valued at approximately $117,000. Russell Investments Group Ltd. increased its stake in shares of Bank of Marin Bancorp by 24.6% in the first quarter. Russell Investments Group Ltd. now owns 10,740 shares of the bank’s stock valued at $691,000 after buying an additional 2,120 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Bank of Marin Bancorp by 6.2% in the first quarter. Bank of New York Mellon Corp now owns 26,711 shares of the bank’s stock valued at $1,719,000 after buying an additional 1,561 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in shares of 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 valued at $4,036,000 after buying an additional 442 shares during the last quarter. Finally, Context BH Capital Management LP increased its stake in shares of Bank of Marin Bancorp by 9.0% in the first quarter. Context BH Capital Management LP now owns 9,420 shares of the bank’s stock valued at $606,000 after buying an additional 777 shares during the last quarter. 42.41% of the stock is currently owned by institutional investors and hedge funds.

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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