Analysts Expect Bank of Marin Bancorp (NASDAQ:BMRC) to Announce $0.60 EPS

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Equities analysts expect Bank of Marin Bancorp (NASDAQ:BMRC) to post earnings per share (EPS) of $0.60 for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Bank of Marin Bancorp’s earnings. The lowest EPS estimate is $0.58 and the highest is $0.62. Bank of Marin Bancorp posted earnings of $0.56 per share during the same quarter last year, which indicates a positive year over year growth rate of 7.1%. The firm is scheduled to announce its next quarterly earnings report on Monday, July 22nd.

On average, analysts expect that Bank of Marin Bancorp will report full-year earnings of $2.42 per share for the current fiscal year, with EPS estimates ranging from $2.30 to $2.50. For the next financial year, analysts anticipate that the business will report earnings of $2.63 per share, with EPS estimates ranging from $2.40 to $2.75. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Bank of Marin Bancorp.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its earnings results on Monday, April 22nd. The bank reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.11). Bank of Marin Bancorp had a return on equity of 10.79% and a net margin of 31.44%. The company had revenue of $25.62 million during the quarter, compared to analysts’ expectations of $26.39 million.

A number of analysts have recently commented on BMRC shares. BidaskClub upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, May 22nd. Zacks Investment Research upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Friday, April 12th. Finally, DA Davidson restated a “neutral” rating on shares of Bank of Marin Bancorp in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $44.75.

In other Bank of Marin Bancorp news, insider Peter Pelham sold 624 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $41.45, for a total transaction of $25,864.80. Following the transaction, the insider now owns 16,357 shares in the company, valued at $677,997.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Russell A. Colombo sold 2,553 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $42.10, for a total value of $107,481.30. Following the transaction, the chief executive officer now owns 65,409 shares in the company, valued at approximately $2,753,718.90. The disclosure for this sale can be found here. Insiders have sold 5,995 shares of company stock worth $251,505 in the last quarter. 5.29% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp increased its position in shares of Bank of Marin Bancorp by 2.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 38,868 shares of the bank’s stock valued at $3,261,000 after purchasing an additional 782 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Bank of Marin Bancorp by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 335,756 shares of the bank’s stock valued at $28,170,000 after acquiring an additional 3,751 shares during the period. Bank of Montreal Can boosted its holdings in Bank of Marin Bancorp by 101.3% during the 4th quarter. Bank of Montreal Can now owns 4,596 shares of the bank’s stock valued at $190,000 after acquiring an additional 2,313 shares during the period. Rhumbline Advisers boosted its holdings in Bank of Marin Bancorp by 191.7% during the 4th quarter. Rhumbline Advisers now owns 19,820 shares of the bank’s stock valued at $817,000 after acquiring an additional 13,025 shares during the period. Finally, Anchor Capital Advisors LLC boosted its holdings in Bank of Marin Bancorp by 106.7% during the 4th quarter. Anchor Capital Advisors LLC now owns 38,777 shares of the bank’s stock valued at $1,599,000 after acquiring an additional 20,014 shares during the period. Institutional investors own 42.61% of the company’s stock.

Shares of BMRC traded up $0.27 during mid-day trading on Friday, reaching $42.29. The company had a trading volume of 2,864 shares, compared to its average volume of 21,463. Bank of Marin Bancorp has a 52-week low of $38.00 and a 52-week high of $45.42. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $576.47 million, a price-to-earnings ratio of 18.15, a PEG ratio of 2.47 and a beta of 0.62.

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

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