Wall Street analysts forecast that Bank of Marin Bancorp (NASDAQ:BMRC) will announce sales of $23.27 million for the current quarter, according to Zacks. Three analysts have made estimates for Bank of Marin Bancorp’s earnings, with the highest sales estimate coming in at $23.90 million and the lowest estimate coming in at $22.82 million. Bank of Marin Bancorp reported sales of $19.74 million during the same quarter last year, which would suggest a positive year over year growth rate of 17.9%. The company is scheduled to announce its next earnings results before the market opens on Monday, April 23rd.
According to Zacks, analysts expect that Bank of Marin Bancorp will report full-year sales of $23.27 million for the current financial year, with estimates ranging from $93.28 million to $97.30 million. For the next year, analysts expect that the firm will report sales of $101.68 million per share, with estimates ranging from $99.64 million to $102.90 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side 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, January 22nd. The bank reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.06). Bank of Marin Bancorp had a return on equity of 8.10% and a net margin of 18.83%. The business had revenue of $22.13 million for the quarter, compared to analyst estimates of $22.10 million.
BMRC stock traded up $0.10 on Monday, reaching $69.45. 20,311 shares of the company’s stock were exchanged, compared to its average volume of 22,723. Bank of Marin Bancorp has a twelve month low of $59.05 and a twelve month high of $77.90. The firm has a market capitalization of $483.40, a PE ratio of 21.17, a P/E/G ratio of 1.56 and a beta of 0.70. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.90 and a quick ratio of 0.90.
In other Bank of Marin Bancorp news, CEO Russell A. Colombo sold 911 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $68.00, for a total transaction of $61,948.00. Following the sale, the chief executive officer now directly owns 26,133 shares in the company, valued at $1,777,044. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.17% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp boosted its position in Bank of Marin Bancorp by 0.4% during the second quarter. State Street Corp now owns 102,879 shares of the bank’s stock worth $6,328,000 after purchasing an additional 396 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Bank of Marin Bancorp by 0.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 245,277 shares of the bank’s stock worth $16,678,000 after purchasing an additional 771 shares in the last quarter. California State Teachers Retirement System boosted its position in Bank of Marin Bancorp by 9.7% during the fourth quarter. California State Teachers Retirement System now owns 10,603 shares of the bank’s stock worth $721,000 after purchasing an additional 938 shares in the last quarter. New York State Common Retirement Fund boosted its position in Bank of Marin Bancorp by 16.6% during the third quarter. New York State Common Retirement Fund now owns 8,513 shares of the bank’s stock worth $583,000 after purchasing an additional 1,213 shares in the last quarter. Finally, Confluence Investment Management LLC boosted its position in Bank of Marin Bancorp by 2.0% during the fourth quarter. Confluence Investment Management LLC now owns 68,392 shares of the bank’s stock worth $4,651,000 after purchasing an additional 1,373 shares in the last quarter. Institutional investors own 42.57% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.