What is DA Davidson's Forecast for BMRC Q4 Earnings?

Bank of Marin Bancorp (NASDAQ:BMRC - Free Report) - Equities research analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for Bank of Marin Bancorp in a research note issued to investors on Wednesday, October 30th. DA Davidson analyst J. Rulis anticipates that the bank will earn $0.29 per share for the quarter. DA Davidson currently has a "Buy" rating and a $24.00 target price on the stock. The consensus estimate for Bank of Marin Bancorp's current full-year earnings is $0.47 per share. DA Davidson also issued estimates for Bank of Marin Bancorp's FY2025 earnings at $1.40 EPS.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The bank reported $0.28 earnings per share (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 3.25% and a negative net margin of 9.09%. The company had revenue of $39.21 million during the quarter, compared to the consensus estimate of $27.30 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share.

BMRC has been the subject of several other research reports. StockNews.com upgraded shares of Bank of Marin Bancorp from a "sell" rating to a "hold" rating in a report on Wednesday. Keefe, Bruyette & Woods raised their price target on shares of Bank of Marin Bancorp from $21.00 to $23.00 and gave the stock an "outperform" rating in a report on Wednesday, July 31st.

Bank of Marin Bancorp Stock Down 2.3 %

Bank of Marin Bancorp stock traded down $0.52 during mid-day trading on Thursday, hitting $22.21. 46,664 shares of the stock were exchanged, compared to its average volume of 77,380. Bank of Marin Bancorp has a 12 month low of $14.11 and a 12 month high of $23.35. The firm's fifty day simple moving average is $20.93 and its two-hundred day simple moving average is $18.27. The stock has a market capitalization of $361.71 million, a price-to-earnings ratio of 26.76 and a beta of 0.92.

Institutional Trading of Bank of Marin Bancorp

Several hedge funds have recently modified their holdings of BMRC. ProShare Advisors LLC increased its stake in shares of 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. Acadian Asset Management LLC grew its position in Bank of Marin Bancorp by 104.4% in 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 period. AQR Capital Management LLC acquired a new stake in Bank of Marin Bancorp in the 2nd quarter valued at $709,000. Renaissance Technologies LLC grew its position in Bank of Marin Bancorp by 29.5% in the 2nd quarter. Renaissance Technologies LLC now owns 150,192 shares of the bank's stock valued at $2,432,000 after purchasing an additional 34,200 shares during the period. Finally, 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 purchasing an additional 33,280 shares during the period. Institutional investors own 52.26% of the company's stock.

Bank of Marin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th will be paid a $0.25 dividend. The ex-dividend date is Thursday, November 7th. This represents a $1.00 annualized dividend and a dividend yield of 4.50%. Bank of Marin Bancorp's dividend payout ratio is currently 120.48%.

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.