Bank of Marin Bancorp (NASDAQ:BMRC - Free Report) - Investment analysts at DA Davidson upped their FY2025 earnings per share estimates for shares of Bank of Marin Bancorp in a research report issued to clients and investors on Thursday, October 3rd. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings of $1.23 per share for the year, up from their prior forecast of $1.20. The consensus estimate for Bank of Marin Bancorp's current full-year earnings is $0.47 per share.
Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last announced its quarterly earnings data on Monday, July 29th. The bank reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.13). The business had revenue of $37.12 million during the quarter, compared to the consensus estimate of $25.85 million. Bank of Marin Bancorp had a negative net margin of 9.09% and a positive return on equity of 3.25%. During the same quarter last year, the company earned $0.28 EPS.
BMRC has been the subject of several other research reports. Keefe, Bruyette & Woods lifted their target price on shares of Bank of Marin Bancorp from $21.00 to $23.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 31st. Stephens restated an "equal weight" rating and set a $16.00 target price on shares of Bank of Marin Bancorp in a research report on Thursday, June 27th.
Read Our Latest Research Report on Bank of Marin Bancorp
Bank of Marin Bancorp Stock Down 0.4 %
Bank of Marin Bancorp stock traded down $0.09 during midday trading on Monday, reaching $20.06. The stock had a trading volume of 65,461 shares, compared to its average volume of 77,619. The firm has a market capitalization of $326.70 million, a PE ratio of 24.17 and a beta of 0.92. Bank of Marin Bancorp has a 12 month low of $14.11 and a 12 month high of $23.24. The firm's 50-day moving average price is $19.85 and its 200 day moving average price is $17.52.
Hedge Funds Weigh In On Bank of Marin Bancorp
A number of institutional investors have recently added to or reduced their stakes in BMRC. Dimensional Fund Advisors LP increased its holdings in shares of 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 buying an additional 33,280 shares during the last quarter. ProShare Advisors LLC lifted its stake in Bank of Marin Bancorp by 21.4% during the first quarter. ProShare Advisors LLC now owns 449,962 shares of the bank's stock worth $7,546,000 after purchasing an additional 79,291 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Bank of Marin Bancorp by 29.5% in the 2nd quarter. Renaissance Technologies LLC now owns 150,192 shares of the bank's stock worth $2,432,000 after purchasing an additional 34,200 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Bank of Marin Bancorp by 104.4% during the 2nd quarter. Acadian Asset Management LLC now owns 99,622 shares of the bank's stock valued at $1,611,000 after purchasing an additional 50,874 shares during the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. raised its holdings in shares of Bank of Marin Bancorp by 6.9% during the 1st quarter. Rosenthal Henry Capital Advisors Inc. now owns 46,500 shares of the bank's stock valued at $729,000 after buying an additional 3,000 shares in the last quarter. 52.26% of the stock is currently owned by institutional investors.
Bank of Marin Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 8th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.99%. The ex-dividend date of this dividend was Thursday, August 8th. Bank of Marin Bancorp's payout ratio is 120.48%.
Bank of Marin Bancorp Company Profile
(
Get Free Report)
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.
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