Bank of Marin Bancorp (NASDAQ:BMRC – Get Free Report) will be announcing its earnings results before the market opens on Monday, October 28th. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Parties that wish to register for the company’s 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 analysts’ consensus estimates of $0.19 by ($0.13). Bank of Marin Bancorp had a positive return on equity of 3.25% and a negative net margin of 9.09%. The business had revenue of $37.12 million for the quarter, compared to analysts’ expectations of $25.85 million. During the same quarter last year, the business posted $0.28 earnings per share. 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 Price Performance
BMRC stock opened at $22.15 on Monday. The company has a market cap of $360.73 million, a price-to-earnings ratio of 26.69 and a beta of 0.92. The company has a fifty day moving average price of $20.35 and a 200 day moving average price of $17.88. Bank of Marin Bancorp has a 12 month low of $14.11 and a 12 month high of $23.24.
Bank of Marin Bancorp Dividend Announcement
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods upped their price objective on Bank of Marin Bancorp from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Stephens restated an “equal weight” rating and set a $16.00 price target on shares of Bank of Marin Bancorp in a research note on Thursday, June 27th. Finally, DA Davidson raised Bank of Marin Bancorp from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a report on Thursday, October 10th.
View Our Latest Stock Report on Bank of Marin Bancorp
About Bank of Marin Bancorp
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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