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

Bank of Marin Bancorp (NASDAQ:BMRC) – Equities researchers at DA Davidson upped their FY2025 earnings estimates for shares of Bank of Marin Bancorp in a research note issued to investors on Friday, October 11th. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings of $1.35 per share for the year, up from their previous estimate of $1.23. DA Davidson currently has a “Buy” rating and a $24.00 price objective on the stock. 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 released its quarterly earnings data on Monday, July 29th. The bank reported $0.06 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 company had revenue of $37.12 million for the quarter, compared to analysts’ expectations of $25.85 million. During the same period in the prior year, the firm posted $0.28 EPS.

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

Bank of Marin Bancorp Price Performance

Shares of NASDAQ:BMRC opened at $21.80 on Monday. The firm has a market capitalization of $355.03 million, a price-to-earnings ratio of 26.27 and a beta of 0.92. The business’s 50 day simple moving average is $20.01 and its 200-day simple moving average is $17.71. Bank of Marin Bancorp has a 12 month low of $14.11 and a 12 month high of $23.24.

Bank of Marin Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 8th were issued a $0.25 dividend. The ex-dividend date was Thursday, August 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.59%. Bank of Marin Bancorp’s dividend payout ratio (DPR) is 120.48%.

Institutional Trading of Bank of Marin Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC lifted its holdings in Bank of Marin Bancorp by 129.2% in the 2nd quarter. CWM LLC now owns 1,944 shares of the bank’s stock valued at $31,000 after purchasing an additional 1,096 shares in the last quarter. Riverview Trust Co boosted its position in Bank of Marin Bancorp by 105.5% during the second quarter. Riverview Trust Co now owns 1,950 shares of the bank’s stock worth $32,000 after acquiring an additional 1,001 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Bank of Marin Bancorp by 348.3% in the 4th 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 during the last quarter. SG Americas Securities LLC purchased a new position in shares of Bank of Marin Bancorp during the 3rd quarter worth $122,000. Finally, XTX Topco Ltd acquired a new stake in shares of Bank of Marin Bancorp during the second quarter worth $168,000. 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.