Equities Analysts Set Expectations for BMRC FY2025 Earnings

Bank of Marin Bancorp (NASDAQ:BMRC - Free Report) - Analysts at DA Davidson lifted their FY2025 earnings estimates for Bank of Marin Bancorp in a research report issued to clients and investors on Tuesday, January 28th. DA Davidson analyst J. Rulis now expects that the bank will earn $1.85 per share for the year, up from their previous estimate of $1.41. DA Davidson has a "Buy" rating and a $24.00 price objective on the stock. The consensus estimate for Bank of Marin Bancorp's current full-year earnings is $1.60 per share.

A number of other equities research analysts have also recently commented on the company. Keefe, Bruyette & Woods lifted their target price on 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. StockNews.com raised Bank of Marin Bancorp from a "sell" rating to a "hold" rating in a report on Friday. Finally, Stephens restated an "overweight" rating and issued a $30.00 target price on shares of Bank of Marin Bancorp in a research note on Wednesday, January 29th.

Bank of Marin Bancorp Stock Performance

Shares of Bank of Marin Bancorp stock traded down $0.48 during mid-day trading on Thursday, hitting $24.79. 25,833 shares of the stock were exchanged, compared to its average volume of 51,323. The company has a market capitalization of $398.56 million, a P/E ratio of -47.45 and a beta of 0.94. The company has a 50-day simple moving average of $24.20 and a 200 day simple moving average of $22.31. Bank of Marin Bancorp has a 12 month low of $14.11 and a 12 month high of $27.11.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The bank reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.06. Bank of Marin Bancorp had a negative net margin of 5.52% and a positive return on equity of 3.33%. During the same quarter last year, the company earned $0.04 EPS.

Hedge Funds Weigh In On Bank of Marin Bancorp

A number of large investors have recently made changes to their positions in the stock. Basswood Capital Management L.L.C. bought a new position in Bank of Marin Bancorp in the 3rd quarter valued at $3,411,000. Zacks Investment Management purchased a new stake in shares of Bank of Marin Bancorp in the third quarter worth $2,195,000. AQR Capital Management LLC bought a new stake in Bank of Marin Bancorp during the second quarter valued at $709,000. Renaissance Technologies LLC grew its position in Bank of Marin Bancorp by 29.5% during the second quarter. Renaissance Technologies LLC now owns 150,192 shares of the bank's stock worth $2,432,000 after buying an additional 34,200 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Bank of Marin Bancorp by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 716,201 shares of the bank's stock worth $11,595,000 after acquiring an additional 33,280 shares during the last quarter. 52.26% of the stock is owned by institutional investors.

Bank of Marin Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Thursday, February 6th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a yield of 4.03%. Bank of Marin Bancorp's payout ratio is -192.30%.

About Bank of Marin Bancorp

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.