Bank of Marin Bancorp (BMRC) Scheduled to Post Earnings on Monday

Bank of Marin Bancorp (NASDAQ:BMRC) 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) 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

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 8th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, August 8th. This represents a $1.00 annualized dividend and a dividend yield of 4.51%. Bank of Marin Bancorp’s dividend payout ratio (DPR) is 120.48%.

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.

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.