Bank of Marin Bancorp to Post FY2025 Earnings of $1.35 Per Share, DA Davidson Forecasts (NASDAQ:BMRC)

Bank of Marin Bancorp (NASDAQ:BMRC - Free Report) - Stock analysts at DA Davidson lifted their FY2025 earnings per share estimates for shares of Bank of Marin Bancorp in a research report issued on Friday, October 11th. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings per share of $1.35 for the year, up from their prior forecast of $1.23. DA Davidson currently 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 $0.47 per share.

A number of other analysts also recently issued reports on BMRC. Keefe, Bruyette & Woods raised their price objective on Bank of Marin Bancorp from $21.00 to $23.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. Stephens reissued an "equal weight" rating and set a $16.00 price objective on shares of Bank of Marin Bancorp in a research report on Thursday, June 27th.

Bank of Marin Bancorp Price Performance

Shares of NASDAQ:BMRC traded down $0.01 during midday trading on Monday, reaching $21.80. 46,490 shares of the company's stock were exchanged, compared to its average volume of 77,083. The firm's 50 day simple moving average is $19.93 and its two-hundred day simple moving average is $17.67. The stock has a market cap of $355.03 million, a price-to-earnings ratio of 26.33 and a beta of 0.92. Bank of Marin Bancorp has a fifty-two week low of $14.11 and a fifty-two week high of $23.24.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last issued its earnings results 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 company had revenue of $37.12 million during the quarter, compared to analyst estimates of $25.85 million. Bank of Marin Bancorp had a positive return on equity of 3.25% and a negative net margin of 9.09%. During the same period last year, the business earned $0.28 earnings per share.

Bank of Marin Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 8th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.59%. The ex-dividend date was Thursday, August 8th. Bank of Marin Bancorp's dividend payout ratio is currently 120.48%.

Hedge Funds Weigh In On Bank of Marin Bancorp

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position 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 valued at $11,595,000 after acquiring an additional 33,280 shares in the last quarter. ProShare Advisors LLC grew its position in Bank of Marin Bancorp by 21.4% in the 1st quarter. ProShare Advisors LLC now owns 449,962 shares of the bank's stock valued at $7,546,000 after acquiring an additional 79,291 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of 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. Acadian Asset Management LLC grew its position in shares of 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 worth $1,611,000 after buying an additional 50,874 shares in the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. grew its position in shares of Bank of Marin Bancorp by 6.9% during the first quarter. Rosenthal Henry Capital Advisors Inc. now owns 46,500 shares of the bank's stock worth $729,000 after buying an additional 3,000 shares in the last quarter. 52.26% of the stock is owned by institutional investors and hedge funds.

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.