Wall Street brokerages expect Bank of Marin Bancorp (NASDAQ:BMRC) to post $20.71 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made 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 would suggest a negative year-over-year growth rate of 3.7%. The firm is scheduled to announce its next earnings report on Monday, October 23rd.

According to Zacks, analysts expect that Bank of Marin Bancorp will report full-year sales of $20.71 million for the current year, with estimates ranging from $80.99 million to $83.60 million. For the next financial year, analysts forecast that the company will report sales of $96.04 million per share, with estimates ranging from $93.81 million to $97.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Bank of Marin Bancorp.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its earnings results on Monday, July 24th. The bank reported $0.84 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $20.33 million.

Several analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 26th. Piper Jaffray Companies set a $68.00 target price on shares of Bank of Marin Bancorp and gave the company a “hold” rating in a research report on Sunday, July 30th. BidaskClub upgraded shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. 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, Keefe, Bruyette & Woods restated a “hold” rating and issued a $68.00 target price on shares of Bank of Marin Bancorp in a research report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $70.75.

Bank of Marin Bancorp (BMRC) opened at 64.35 on Monday. The company has a 50-day moving average of $64.94 and a 200 day moving average of $64.56. The company has a market cap of $393.18 million, a PE ratio of 17.69 and a beta of 0.89. Bank of Marin Bancorp has a 52-week low of $49.10 and a 52-week high of $75.05.

A number of institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new stake in Bank of Marin Bancorp in the second quarter valued at approximately $413,000. The Manufacturers Life Insurance Company boosted its position in Bank of Marin Bancorp by 2.0% in the second quarter. The Manufacturers Life Insurance Company now owns 244,158 shares of the bank’s stock valued at $15,028,000 after buying an additional 4,688 shares in the last quarter. State Street Corp boosted its position in Bank of Marin Bancorp by 0.4% in the second quarter. State Street Corp now owns 102,879 shares of the bank’s stock valued at $6,328,000 after buying an additional 396 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its position in Bank of Marin Bancorp by 42.8% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 4,673 shares of the bank’s stock valued at $286,000 after buying an additional 1,400 shares in the last quarter. Finally, PDT Partners LLC acquired a new stake in Bank of Marin Bancorp in the second quarter valued at approximately $357,000. Hedge funds and other institutional investors own 42.41% of the company’s stock.

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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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