Equities research analysts expect Bank of Marin Bancorp (NASDAQ:BMRC) to report $0.59 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Bank of Marin Bancorp’s earnings, with the highest EPS estimate coming in at $0.60 and the lowest estimate coming in at $0.59. Bank of Marin Bancorp reported earnings per share of $0.40 during the same quarter last year, which would indicate a positive year-over-year growth rate of 47.5%. The firm is scheduled to issue its next earnings report on Monday, January 28th.
According to Zacks, analysts expect that Bank of Marin Bancorp will report full-year earnings of $2.22 per share for the current fiscal year, with EPS estimates ranging from $2.22 to $2.23. For the next financial year, analysts forecast that the business will report earnings of $2.48 per share, with EPS estimates ranging from $2.44 to $2.55. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Bank of Marin Bancorp.
Bank of Marin Bancorp (NASDAQ:BMRC) last announced its quarterly earnings data on Monday, October 22nd. The bank reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.04. Bank of Marin Bancorp had a net margin of 24.21% and a return on equity of 9.33%. The company had revenue of $25.78 million during the quarter, compared to analysts’ expectations of $25.33 million.
Several analysts have recently weighed in on BMRC shares. Zacks Investment Research cut shares of Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, November 28th. ValuEngine cut shares of Bank of Marin Bancorp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 28th. Finally, BidaskClub cut shares of Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.20.
Several institutional investors have recently bought and sold shares of BMRC. Dimensional Fund Advisors LP grew its stake in shares of Bank of Marin Bancorp by 16.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 190,824 shares of the bank’s stock valued at $15,428,000 after buying an additional 27,399 shares during the period. BlackRock Inc. lifted its holdings in shares of Bank of Marin Bancorp by 3.8% in the 2nd quarter. BlackRock Inc. now owns 561,294 shares of the bank’s stock worth $45,381,000 after acquiring an additional 20,350 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Bank of Marin Bancorp in the 3rd quarter worth approximately $1,553,000. Bank of America Corp DE lifted its holdings in shares of Bank of Marin Bancorp by 382.0% in the 2nd quarter. Bank of America Corp DE now owns 16,045 shares of the bank’s stock worth $1,298,000 after acquiring an additional 12,716 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Bank of Marin Bancorp in the 2nd quarter worth approximately $915,000. 43.90% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ BMRC opened at $39.25 on Friday. Bank of Marin Bancorp has a 12-month low of $31.75 and a 12-month high of $45.42. The stock has a market cap of $554.49 million, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 2.55 and a beta of 0.59. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.87 and a quick ratio of 0.87.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 8th. Stockholders of record on Thursday, November 1st were paid a $0.175 dividend. The ex-dividend date was Wednesday, October 31st. This represents a $0.70 annualized dividend and a dividend yield of 1.78%. Bank of Marin Bancorp’s dividend payout ratio (DPR) is 42.68%.
Bank of Marin Bancorp Company Profile
Bank of Marin Bancorp operates as the holding company for Bank of Marin that provides a range of financial services primarily to professionals, small and middle-market businesses, individuals, and not-for-profit organizations in California, the United States. The company offers personal and business checking and savings accounts; and time certificates of deposit, individual retirement accounts, health savings accounts, and demand deposit marketplace accounts, as well as certificate of deposit account registry and insured cash sweep services.
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