DA Davidson Has Bullish Estimate for BMRC FY2025 Earnings

Bank of Marin Bancorp (NASDAQ:BMRC) – Equities researchers at DA Davidson raised their FY2025 earnings per share (EPS) estimates for Bank of Marin Bancorp in a research note issued to investors on Tuesday, January 28th. DA Davidson analyst J. Rulis now forecasts that the bank will earn $1.85 per share for the year, up from their previous forecast of $1.41. 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 $0.90 per share.

A number of other equities research analysts also recently commented on the stock. StockNews.com upgraded shares of Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research report on Friday. Keefe, Bruyette & Woods raised their price objective on shares of Bank of Marin Bancorp from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Finally, Stephens reiterated an “overweight” rating and set a $30.00 price target on shares of Bank of Marin Bancorp in a research report on Wednesday.

Bank of Marin Bancorp Stock Up 0.7 %

NASDAQ BMRC opened at $25.17 on Thursday. The firm has a market cap of $404.73 million, a P/E ratio of -29.27 and a beta of 0.93. Bank of Marin Bancorp has a 52-week low of $14.11 and a 52-week high of $27.11. The business’s 50-day moving average price is $24.23 and its 200 day moving average price is $22.24.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its quarterly earnings data on Monday, January 27th. The bank reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.06. Bank of Marin Bancorp had a positive return on equity of 3.05% and a negative net margin of 9.49%. During the same quarter last year, the business earned $0.04 EPS.

Bank of Marin Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Thursday, February 6th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.97%. Bank of Marin Bancorp’s payout ratio is -116.28%.

Institutional Trading of Bank of Marin Bancorp

A number of institutional investors have recently added to or reduced their stakes in BMRC. Dimensional Fund Advisors LP boosted its position in 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 valued at $11,595,000 after buying an additional 33,280 shares during the last quarter. State Street Corp lifted its position in shares of Bank of Marin Bancorp by 0.9% during the third quarter. State Street Corp now owns 363,110 shares of the bank’s stock worth $7,295,000 after purchasing an additional 3,073 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Bank of Marin Bancorp by 1.8% during the third quarter. Geode Capital Management LLC now owns 362,376 shares of the bank’s stock worth $7,282,000 after purchasing an additional 6,555 shares during the last quarter. Basswood Capital Management L.L.C. bought a new position in shares of Bank of Marin Bancorp during the third quarter worth about $3,411,000. Finally, Renaissance Technologies LLC lifted its position in shares of Bank of Marin Bancorp by 29.5% during the second 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 last quarter. 52.26% of the stock is owned by hedge funds and other institutional investors.

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.