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.

In related news, Director Leslie E. Murphy purchased 3,676 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were purchased at an average cost of $68.00 per share, with a total value of $249,968.00. Following the purchase, the director now owns 3,936 shares of the company’s stock, valued at approximately $267,648. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.17% of the company’s stock.

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.

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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. The Company operates through 23 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.

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

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