FY2025 EPS Estimates for Bank of Marin Bancorp (NASDAQ:BMRC) Lifted by DA Davidson

Bank of Marin Bancorp (NASDAQ:BMRC) – Equities researchers at DA Davidson lifted their FY2025 EPS estimates for 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 of $1.35 per share for the year, up from their prior forecast of $1.23. DA Davidson has a “Buy” rating and a $24.00 price target on the stock. The consensus estimate for Bank of Marin Bancorp’s current full-year earnings is $0.47 per share.

Bank of Marin Bancorp (NASDAQ:BMRC) last posted its earnings results on Monday, July 29th. The bank reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.13). The firm had revenue of $37.12 million during the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted $0.28 earnings per share.

A number of other equities analysts have also recently commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Bank of Marin Bancorp from $21.00 to $23.00 and gave the company an “outperform” rating in a 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.

Bank of Marin Bancorp Trading Up 3.2 %

Shares of NASDAQ BMRC opened at $21.81 on Monday. The stock has a market cap of $355.20 million, a P/E ratio of 26.28 and a beta of 0.92. Bank of Marin Bancorp has a twelve month low of $14.11 and a twelve month high of $23.24. The stock has a 50 day moving average of $19.93 and a two-hundred day moving average of $17.67.

Hedge Funds Weigh In On Bank of Marin Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake 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 acquiring an additional 33,280 shares during the period. ProShare Advisors LLC boosted its holdings 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 purchasing an additional 79,291 shares in the last quarter. Renaissance Technologies LLC increased its position in Bank of Marin Bancorp by 29.5% during 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 during the period. Acadian Asset Management LLC raised its stake 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 worth $1,611,000 after buying an additional 50,874 shares in the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. lifted its holdings in shares of Bank of Marin Bancorp by 6.9% in 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 during the period. 52.26% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Marin Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 8th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.59%. The ex-dividend date was Thursday, August 8th. Bank of Marin Bancorp’s dividend payout ratio is presently 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.