DA Davidson Has Strong Forecast for BMRC FY2025 Earnings

Bank of Marin Bancorp (NASDAQ:BMRC - Free Report) - Stock analysts at DA Davidson lifted their FY2025 earnings estimates for Bank of Marin Bancorp in a research report issued on Thursday, December 19th. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings of $1.41 per share for the year, up from their prior estimate of $1.40. DA Davidson has a "Buy" rating and a $24.00 price target on the stock. The consensus estimate for Bank of Marin Bancorp's current full-year earnings is $0.90 per share.

Other equities research analysts have also recently issued research reports about the company. StockNews.com raised Bank of Marin Bancorp from a "sell" rating to a "hold" rating in a research note on Tuesday, December 10th. Stephens upgraded shares of Bank of Marin Bancorp from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Bank of Marin Bancorp from $26.00 to $30.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th.

Bank of Marin Bancorp Trading Up 4.0 %

NASDAQ BMRC traded up $0.92 on Friday, reaching $24.07. The stock had a trading volume of 174,192 shares, compared to its average volume of 74,803. Bank of Marin Bancorp has a 1 year low of $14.11 and a 1 year high of $27.11. The business has a 50 day moving average price of $24.20 and a 200 day moving average price of $20.59. The company has a market capitalization of $387.12 million, a price-to-earnings ratio of -27.99 and a beta of 0.93.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last posted its quarterly earnings results 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 negative net margin of 9.49% and a positive return on equity of 3.05%. The business had revenue of $39.21 million for the quarter, compared to analysts' expectations of $27.30 million. During the same period in the previous year, the company posted $0.33 EPS.

Institutional Investors Weigh In On Bank of Marin Bancorp

A number of large investors have recently added to or reduced their stakes in the stock. CWM LLC raised its position in shares of Bank of Marin Bancorp by 129.2% in the second quarter. CWM LLC now owns 1,944 shares of the bank's stock valued at $31,000 after purchasing an additional 1,096 shares during the period. Assenagon Asset Management S.A. bought a new position in Bank of Marin Bancorp in the 2nd quarter worth $396,000. Rhumbline Advisers lifted its position in Bank of Marin Bancorp by 2.7% during the 2nd quarter. Rhumbline Advisers now owns 25,011 shares of the bank's stock worth $405,000 after acquiring an additional 656 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Bank of Marin Bancorp by 104.4% during the second quarter. Acadian Asset Management LLC now owns 99,622 shares of the bank's stock valued at $1,611,000 after acquiring an additional 50,874 shares during the period. Finally, Choreo LLC acquired a new stake in shares of Bank of Marin Bancorp in the second quarter valued at about $426,000. Institutional investors own 52.26% of the company's stock.

Bank of Marin Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date was Thursday, November 7th. Bank of Marin Bancorp's payout ratio is -116.28%.

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.