Analysts predict that Bank of Marin Bancorp (NASDAQ:BMRC) will report earnings of $0.86 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Bank of Marin Bancorp’s earnings, with the highest EPS estimate coming in at $0.90 and the lowest estimate coming in at $0.79. Bank of Marin Bancorp reported earnings of $0.93 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 7.5%. The firm is expected to announce its next earnings report on Monday, January 22nd.

According to Zacks, analysts expect that Bank of Marin Bancorp will report full-year earnings of $3.27 per share for the current financial year, with EPS estimates ranging from $3.20 to $3.32. For the next financial year, analysts forecast that the company will report earnings of $3.57 per share, with EPS estimates ranging from $3.33 to $3.71. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Bank of Marin Bancorp.

Bank of Marin Bancorp (NASDAQ:BMRC) last released its quarterly earnings data on Monday, October 23rd. The bank reported $0.83 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.83. Bank of Marin Bancorp had a return on equity of 8.85% and a net margin of 24.74%. The company had revenue of $20.85 million during the quarter, compared to analysts’ expectations of $20.71 million.

A number of analysts have recently issued reports on BMRC shares. Zacks Investment Research cut Bank of Marin Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 26th. DA Davidson reaffirmed a “hold” rating and issued a $72.00 price objective on shares of Bank of Marin Bancorp in a research report on Tuesday, October 24th. Finally, Piper Jaffray Companies set a $72.00 price objective on Bank of Marin Bancorp and gave the company a “hold” rating in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $72.60.

Shares of Bank of Marin Bancorp (NASDAQ:BMRC) opened at $70.95 on Friday. Bank of Marin Bancorp has a 52-week low of $59.05 and a 52-week high of $75.05. The stock has a market capitalization of $438.33, a P/E ratio of 20.78, a PEG ratio of 1.96 and a beta of 0.80. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.91 and a quick ratio of 0.91.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, November 3rd were given a $0.29 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.63%. Bank of Marin Bancorp’s payout ratio is 34.83%.

In other Bank of Marin Bancorp news, Director Leslie E. Murphy acquired 3,676 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was bought at an average cost of $68.00 per share, with a total value of $249,968.00. Following the completion of the transaction, the director now directly owns 3,936 shares in the company, valued at approximately $267,648. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 5.17% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in BMRC. Vanguard Group Inc. lifted its holdings in Bank of Marin Bancorp by 20.3% during the 1st quarter. Vanguard Group Inc. now owns 213,212 shares of the bank’s stock worth $13,720,000 after purchasing an additional 36,024 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Bank of Marin Bancorp by 4.3% during the 1st quarter. Geode Capital Management LLC now owns 42,465 shares of the bank’s stock worth $2,732,000 after purchasing an additional 1,753 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Bank of Marin Bancorp by 5.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 65,783 shares of the bank’s stock worth $4,233,000 after purchasing an additional 3,230 shares during the last quarter. Bank of America Corp DE lifted its holdings in Bank of Marin Bancorp by 13.9% during the 1st quarter. Bank of America Corp DE now owns 1,684 shares of the bank’s stock worth $108,000 after purchasing an additional 206 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Bank of Marin Bancorp by 7.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 11,540 shares of the bank’s stock worth $711,000 after purchasing an additional 800 shares during the last quarter. 45.23% of the stock is owned by institutional investors and hedge funds.

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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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