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

Bank of Marin Bancorp (NASDAQ:BMRC) will likely be announcing its earnings results 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. Persons that are interested in participating in the company’s earnings 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 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. Bank of Marin Bancorp had a negative net margin of 9.49% and a positive return on equity of 3.05%. The firm had revenue of $39.21 million during the quarter, compared to the consensus estimate of $27.30 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. 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 1.7 %

Shares of BMRC stock opened at $23.99 on Friday. Bank of Marin Bancorp has a 12-month low of $14.11 and a 12-month high of $27.11. The firm has a fifty day moving average of $24.28 and a 200-day moving average of $22.06. The firm has a market capitalization of $385.83 million, a price-to-earnings ratio of -27.90 and a beta of 0.93.

Wall Street Analysts Forecast Growth

BMRC has been the subject of a number of research reports. Keefe, Bruyette & Woods increased their target price 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. StockNews.com downgraded Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a report on Thursday. Stephens restated an “overweight” rating and issued a $30.00 target price on shares of Bank of Marin Bancorp in a research note on Thursday, January 2nd. Finally, DA Davidson raised shares of Bank of Marin Bancorp from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Thursday, October 10th.

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.