FIG Partners Weighs in on Bank of Marin Bancorp’s FY2019 Earnings (BMRC)

Bank of Marin Bancorp (NASDAQ:BMRC) – Research analysts at FIG Partners lifted their FY2019 EPS estimates for Bank of Marin Bancorp in a research note issued on Wednesday. FIG Partners analyst T. Coffey now anticipates that the bank will post earnings of $4.54 per share for the year, up from their previous forecast of $4.02.

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

Other analysts have also issued reports about the stock. BidaskClub lowered shares of Bank of Marin Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday. Zacks Investment Research upgraded shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Monday, December 25th. ValuEngine upgraded shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. DA Davidson restated a “hold” rating and set a $72.00 target price on shares of Bank of Marin Bancorp in a research report on Tuesday, October 24th. Finally, Piper Jaffray Companies set a $72.00 target price on shares of Bank of Marin Bancorp and gave the company a “hold” rating in a research report on Tuesday, November 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $73.20.

Shares of Bank of Marin Bancorp (BMRC) traded down $0.90 during midday trading on Friday, reaching $67.10. 12,500 shares of the company traded hands, compared to its average volume of 17,733. 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 company has a market capitalization of $420.10, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 1.67 and a beta of 0.80. Bank of Marin Bancorp has a 12 month low of $59.05 and a 12 month high of $77.90.

In other Bank of Marin Bancorp news, Director Leslie E. Murphy bought 3,676 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was bought at an average cost of $68.00 per share, for a total transaction of $249,968.00. Following the completion of the transaction, the director now owns 3,936 shares of the company’s stock, valued at approximately $267,648. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.17% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Cornerstone Capital Management Holdings LLC. boosted its position in shares of 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 worth $286,000 after purchasing an additional 1,400 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Bank of Marin Bancorp by 33.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 12,100 shares of the bank’s stock worth $745,000 after purchasing an additional 3,000 shares during the period. Advisor Group Inc. boosted its position in shares of Bank of Marin Bancorp by 2,151.1% in the second quarter. Advisor Group Inc. now owns 7,451 shares of the bank’s stock worth $459,000 after purchasing an additional 7,120 shares during the period. Sei Investments Co. bought a new position in shares of Bank of Marin Bancorp in the third quarter worth approximately $8,794,000. Finally, Prudential Financial Inc. boosted its position in shares of Bank of Marin Bancorp by 1.3% in the second quarter. Prudential Financial Inc. now owns 46,892 shares of the bank’s stock worth $2,886,000 after purchasing an additional 620 shares during the period. Institutional investors and hedge funds own 45.95% of the company’s stock.

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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. The Company operates through 23 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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