Research Analysts Set Expectations for BMRC Q4 Earnings

Bank of Marin Bancorp (NASDAQ:BMRC) – Equities researchers at DA Davidson issued their Q4 2024 earnings per share estimates for shares of Bank of Marin Bancorp in a report released on Wednesday, October 30th. DA Davidson analyst J. Rulis forecasts that the bank will earn $0.29 per share for the quarter. DA Davidson 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. DA Davidson also issued estimates for Bank of Marin Bancorp’s FY2025 earnings at $1.40 EPS.

Bank of Marin Bancorp (NASDAQ:BMRC) last released its earnings results on Monday, October 28th. The bank reported $0.28 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $39.21 million during the quarter, compared to analysts’ expectations of $27.30 million. During the same quarter last year, the business posted $0.33 earnings per share.

BMRC has been the subject of a number of other research reports. StockNews.com upgraded shares of Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday. Keefe, Bruyette & Woods increased their price objective 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.

Bank of Marin Bancorp Price Performance

Shares of BMRC opened at $22.21 on Thursday. The firm has a market cap of $361.71 million, a P/E ratio of 26.76 and a beta of 0.92. Bank of Marin Bancorp has a 1 year low of $14.11 and a 1 year high of $23.35. The company has a 50 day simple moving average of $20.93 and a two-hundred day simple moving average of $18.27.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Creative Planning bought a new position in Bank of Marin Bancorp during the third quarter valued at $361,000. Exchange Traded Concepts LLC purchased a new stake in shares of Bank of Marin Bancorp during the 3rd quarter valued at about $292,000. SG Americas Securities LLC bought a new position in shares of Bank of Marin Bancorp in the 3rd quarter valued at about $122,000. AQR Capital Management LLC purchased a new position in Bank of Marin Bancorp in the second quarter worth about $709,000. Finally, Squarepoint Ops LLC increased its stake in Bank of Marin Bancorp by 39.5% during the second quarter. Squarepoint Ops LLC now owns 36,850 shares of the bank’s stock worth $597,000 after acquiring an additional 10,438 shares during the last quarter. 52.26% of the stock is owned by hedge funds and other institutional investors.

Bank of Marin Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.00 dividend on an annualized basis 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.