FY2025 EPS Estimates for Bank of Marin Bancorp (NASDAQ:BMRC) Increased by Analyst

Bank of Marin Bancorp (NASDAQ:BMRC) – Analysts at DA Davidson boosted their FY2025 earnings per share estimates for Bank of Marin Bancorp in a research note issued to investors on Thursday, October 3rd. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings per share of $1.23 for the year, up from their prior estimate of $1.20. The consensus estimate for Bank of Marin Bancorp’s current full-year earnings is $0.47 per share.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its quarterly earnings data on Monday, July 29th. The bank reported $0.06 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.13). The company had revenue of $37.12 million during the quarter, compared to analysts’ expectations of $25.85 million. Bank of Marin Bancorp had a negative net margin of 9.09% and a positive return on equity of 3.25%. During the same period in the previous year, the business earned $0.28 earnings per share.

Other analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods lifted their price target on Bank of Marin Bancorp from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Stephens reiterated an “equal weight” rating and issued a $16.00 target price on shares of Bank of Marin Bancorp in a research report on Thursday, June 27th.

Bank of Marin Bancorp Trading Down 0.3 %

NASDAQ:BMRC opened at $20.00 on Monday. The company has a market capitalization of $325.72 million, a P/E ratio of 24.18 and a beta of 0.92. Bank of Marin Bancorp has a 12 month low of $14.11 and a 12 month high of $23.24. The firm has a fifty day simple moving average of $19.86 and a 200-day simple moving average of $17.54.

Bank of Marin Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 8th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.00%. Bank of Marin Bancorp’s payout ratio is currently 120.48%.

Institutional Trading of Bank of Marin Bancorp

A number of hedge funds have recently modified their holdings of BMRC. PNC Financial Services Group Inc. raised its position in Bank of Marin Bancorp by 348.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,358 shares of the bank’s stock valued at $52,000 after acquiring an additional 1,832 shares in the last quarter. Bridge City Capital LLC grew its stake in shares of Bank of Marin Bancorp by 17.9% during the 1st quarter. Bridge City Capital LLC now owns 11,497 shares of the bank’s stock worth $193,000 after purchasing an additional 1,747 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Bank of Marin Bancorp by 60.3% during the 1st quarter. BNP Paribas Financial Markets now owns 27,418 shares of the bank’s stock valued at $460,000 after purchasing an additional 10,316 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Bank of Marin Bancorp by 114.9% in the 1st quarter. Empowered Funds LLC now owns 20,132 shares of the bank’s stock valued at $338,000 after purchasing an additional 10,764 shares during the period. Finally, Wealthspire Advisors LLC boosted its holdings in Bank of Marin Bancorp by 27.3% during the first quarter. Wealthspire Advisors LLC now owns 20,525 shares of the bank’s stock worth $344,000 after buying an additional 4,400 shares in the last quarter. Hedge funds and other institutional investors own 52.26% of the company’s stock.

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.