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

Bank of Marin Bancorp (NASDAQ:BMRC) will likely be issuing its quarterly earnings data before the market opens on Monday, January 27th. Analysts expect the company to announce earnings of $0.32 per share and revenue of $25,810.00 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its earnings results on Monday, October 28th. The bank reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $39.21 million for the quarter, compared to analyst estimates of $27.30 million. Bank of Marin Bancorp had a negative net margin of 9.49% and a positive return on equity of 3.05%. During the same period in the previous year, the business earned $0.33 EPS. On average, analysts expect Bank of Marin Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Bank of Marin Bancorp Stock Up 0.5 %

NASDAQ:BMRC opened at $23.43 on Monday. The firm has a market cap of $376.75 million, a PE ratio of -27.24 and a beta of 0.93. Bank of Marin Bancorp has a 12 month low of $14.11 and a 12 month high of $27.11. The company’s 50-day moving average price is $24.55 and its two-hundred day moving average price is $21.89.

Bank of Marin Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend was Thursday, November 7th. Bank of Marin Bancorp’s dividend payout ratio is presently -116.28%.

Analysts Set New Price Targets

Several brokerages recently commented on BMRC. StockNews.com raised Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, December 10th. DA Davidson upgraded Bank of Marin Bancorp from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Thursday, October 10th. Stephens restated an “overweight” rating and issued a $30.00 price objective on shares of Bank of Marin Bancorp in a report on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods lifted their price target on Bank of Marin Bancorp from $26.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th.

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.