Bank of Marin Bancorp (BMRC) Set to Announce Earnings on Monday
Bank of Marin Bancorp (NASDAQ:BMRC) is set to post its quarterly earnings results before the market opens on Monday, January 22nd. Analysts expect Bank of Marin Bancorp to post earnings of $0.85 per share for the quarter.
Bank of Marin Bancorp (NASDAQ:BMRC) last posted its earnings results on Monday, October 23rd. The bank reported $0.83 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 firm had revenue of $20.85 million for the quarter, compared to analysts’ expectations of $20.71 million. On average, analysts expect Bank of Marin Bancorp to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of Bank of Marin Bancorp (NASDAQ:BMRC) opened at $71.25 on Monday. Bank of Marin Bancorp has a 12-month low of $59.05 and a 12-month high of $77.90. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $440.18, a PE ratio of 21.33, a PEG ratio of 1.69 and a beta of 0.80.
A number of equities research analysts have recently commented on the company. BidaskClub upgraded Bank of Marin Bancorp from a “strong sell” rating to a “sell” rating in a research report on Saturday. ValuEngine raised shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $75.00 price target on shares of Bank of Marin Bancorp in a research note on Tuesday, January 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $74.00 price target on shares of Bank of Marin Bancorp in a research note on Friday, December 22nd. Finally, Zacks Investment Research raised shares of Bank of Marin Bancorp from a “hold” rating to a “strong-buy” rating and set a $81.00 price target on the stock in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $73.80.
COPYRIGHT VIOLATION NOTICE: “Bank of Marin Bancorp (BMRC) Set to Announce Earnings on Monday” was reported by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/15/bank-of-marin-bancorp-bmrc-set-to-announce-earnings-on-monday.html.
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. The Company operates through 23 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.
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.