Bank of Marin Bancorp (BMRC) Expected to Announce Earnings on Monday

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Monday, January 27th. Analysts expect the company to announce earnings of $0.32 per share and revenue of $25,810.00 billion for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The bank reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. Bank of Marin Bancorp had a positive return on equity of 3.05% and a negative net margin of 9.49%. The company had revenue of $39.21 million for the quarter, compared to analysts' expectations of $27.30 million. During the same period last year, the firm posted $0.33 earnings per share. On average, analysts expect Bank of Marin Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Bank of Marin Bancorp Price Performance

NASDAQ BMRC traded up $0.11 during trading hours on Monday, hitting $23.43. The company's stock had a trading volume of 42,011 shares, compared to its average volume of 45,133. The company has a market cap of $376.75 million, a P/E ratio of -27.24 and a beta of 0.93. The company's 50 day simple moving average is $24.55 and its two-hundred day simple moving average is $21.89. Bank of Marin Bancorp has a 12 month low of $14.11 and a 12 month high of $27.11.

Bank of Marin Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were paid a $0.25 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.27%. Bank of Marin Bancorp's dividend payout ratio is presently -116.28%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BMRC. DA Davidson upgraded shares of Bank of Marin Bancorp from a "neutral" rating to a "buy" rating and set a $24.00 price objective on the stock in a research report on Thursday, October 10th. StockNews.com raised Bank of Marin Bancorp from a "sell" rating to a "hold" rating in a report on Tuesday, December 10th. Stephens reaffirmed an "overweight" rating and issued a $30.00 price objective on shares of Bank of Marin Bancorp in a report on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods increased their target price on Bank of Marin Bancorp from $26.00 to $30.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th.

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 small to medium-sized businesses, not-for-profit organizations, and commercial real estate investors in the United States. The company offers personal and business checking and savings accounts; and individual retirement, health savings, and demand deposit marketplace accounts, as well as time certificates of deposit, certificate of deposit account registry, and insured cash sweep services.