Wall Street brokerages predict that Bank of Marin Bancorp (NASDAQ:BMRC) will announce earnings of $0.83 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Bank of Marin Bancorp’s earnings. The lowest EPS estimate is $0.78 and the highest is $0.85. Bank of Marin Bancorp posted earnings per share of $1.14 during the same quarter last year, which indicates a negative year-over-year growth rate of 27.2%. The business is scheduled to announce its next earnings report before the market opens on Monday, October 23rd.

On average, analysts expect that Bank of Marin Bancorp will report full-year earnings of $3.28 per share for the current fiscal year, with EPS estimates ranging from $3.15 to $3.36. For the next fiscal year, analysts forecast that the business will post earnings of $3.56 per share, with EPS estimates ranging from $3.33 to $3.70. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Bank of Marin Bancorp.

Bank of Marin Bancorp (NASDAQ:BMRC) last posted its earnings results on Monday, July 24th. The bank reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.04. The firm had revenue of $20.40 million for the quarter, compared to analyst estimates of $20.33 million. Bank of Marin Bancorp had a return on equity of 9.55% and a net margin of 26.72%.

A number of analysts recently weighed in on the company. Keefe, Bruyette & Woods restated a “hold” rating and issued a $68.00 price objective on shares of Bank of Marin Bancorp in a report on Wednesday, June 28th. Zacks Investment Research raised shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Monday, September 25th. BidaskClub raised shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Finally, Piper Jaffray Companies set a $68.00 price target on shares of Bank of Marin Bancorp and gave the company a “hold” rating in a research report on Sunday, July 30th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $70.00.

A number of institutional investors and hedge funds have recently modified their holdings of BMRC. Russell Investments Group Ltd. boosted its position in Bank of Marin Bancorp by 24.6% during the first quarter. Russell Investments Group Ltd. now owns 10,740 shares of the bank’s stock valued at $691,000 after acquiring an additional 2,120 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Bank of Marin Bancorp by 6.2% during 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 acquiring an additional 1,561 shares during the last quarter. Oxford Asset Management bought a new stake in Bank of Marin Bancorp during the first quarter valued at $842,000. Prudential Financial Inc. boosted its position in Bank of Marin Bancorp by 0.3% during the first quarter. Prudential Financial Inc. now owns 46,272 shares of the bank’s stock valued at $2,978,000 after acquiring an additional 140 shares during the last quarter. Finally, American International Group Inc. boosted its position in Bank of Marin Bancorp by 7.0% during the first quarter. American International Group Inc. now owns 3,670 shares of the bank’s stock valued at $236,000 after acquiring an additional 240 shares during the last quarter. 42.41% of the stock is currently owned by institutional investors and hedge funds.

WARNING: “$0.83 Earnings Per Share Expected for Bank of Marin Bancorp (BMRC) This Quarter” was posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another site, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/10/05/0-83-earnings-per-share-expected-for-bank-of-marin-bancorp-bmrc-this-quarter.html.

Bank of Marin Bancorp (BMRC) remained flat at $68.85 on Thursday. The stock had a trading volume of 92 shares. The stock has a market cap of $420.67 million, a P/E ratio of 18.93 and a beta of 0.88. The firm has a 50 day moving average price of $65.72 and a 200 day moving average price of $64.38. Bank of Marin Bancorp has a 12-month low of $49.50 and a 12-month high of $75.05.

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.

Get a free copy of the Zacks research report on Bank of Marin Bancorp (BMRC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Bank of Marin Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Marin Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.