Bank of Marin Bancorp (BMRC) Set to Announce Quarterly Earnings on Monday

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Monday, October 28th. Analysts expect Bank of Marin Bancorp to post earnings of $0.27 per share for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last announced its earnings results on Monday, July 29th. The bank reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.13). The company had revenue of $37.12 million for 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 period last year, the business posted $0.28 EPS. On average, analysts expect Bank of Marin Bancorp to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Bank of Marin Bancorp Trading Down 3.7 %

Shares of BMRC traded down $0.82 during trading hours on Monday, hitting $21.33. The company had a trading volume of 89,191 shares, compared to its average volume of 78,063. The company has a market capitalization of $347.38 million, a PE ratio of 25.70 and a beta of 0.92. Bank of Marin Bancorp has a one year low of $14.11 and a one year high of $23.24. The company's fifty day moving average price is $20.42 and its two-hundred day moving average price is $17.92.

Bank of Marin Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 8th were issued a $0.25 dividend. The ex-dividend date was Thursday, August 8th. This represents a $1.00 dividend on an annualized basis and a yield of 4.69%. Bank of Marin Bancorp's dividend payout ratio is presently 120.48%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BMRC shares. 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 restated an "equal weight" rating and issued a $16.00 price objective on shares of Bank of Marin Bancorp in a research note on Thursday, June 27th. Finally, DA Davidson upgraded shares of Bank of Marin Bancorp from a "neutral" rating to a "buy" rating and set a $24.00 price target on the stock in a report on Thursday, October 10th.

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.