Bank of Marin Bancorp (NASDAQ:BMRC) – Analysts at DA Davidson lifted their FY2018 EPS estimates for shares of Bank of Marin Bancorp in a report released on Tuesday. DA Davidson analyst J. Rulis now expects that the bank will post earnings per share of $3.33 for the year, up from their prior estimate of $3.30.

Several other research analysts have also commented on BMRC. Piper Jaffray Companies dropped their price target on Bank of Marin Bancorp from $70.00 to $69.00 and set a “neutral” rating for the company in a research report on Monday, April 17th. Zacks Investment Research lowered Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. ValuEngine upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, June 3rd. Keefe, Bruyette & Woods restated a “hold” rating and set a $68.00 target price on shares of Bank of Marin Bancorp in a research report on Wednesday, June 28th. Finally, BidaskClub upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $70.75.

TRADEMARK VIOLATION WARNING: “Brokers Issue Forecasts for Bank of Marin Bancorp’s FY2018 Earnings (BMRC)” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another domain, it was illegally copied and republished in violation of international copyright legislation. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/08/15/brokers-issue-forecasts-for-bank-of-marin-bancorps-fy2018-earnings-bmrc-updated.html.

Bank of Marin Bancorp (NASDAQ BMRC) traded up 0.61% on Friday, reaching $65.60. The company’s stock had a trading volume of 7,415 shares. The company has a market capitalization of $400.82 million, a PE ratio of 18.04 and a beta of 0.90. Bank of Marin Bancorp has a one year low of $48.50 and a one year high of $75.05. The firm has a 50-day moving average of $63.45 and a 200-day moving average of $65.29.

Bank of Marin Bancorp (NASDAQ:BMRC) last released its quarterly earnings results on Monday, July 24th. The bank reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. The business had revenue of $20.40 million during the quarter, compared to analyst estimates of $20.33 million. Bank of Marin Bancorp had a return on equity of 9.63% and a net margin of 26.72%.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Friday, August 4th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Wednesday, August 2nd. This is a positive change from Bank of Marin Bancorp’s previous quarterly dividend of $0.27. Bank of Marin Bancorp’s payout ratio is 31.78%.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Bank of Marin Bancorp by 17.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 62,553 shares of the bank’s stock valued at $4,363,000 after buying an additional 9,208 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Bank of Marin Bancorp during the fourth quarter valued at about $611,000. John W. Rosenthal Capital Management Inc. raised its position in shares of Bank of Marin Bancorp by 4.2% in the first quarter. John W. Rosenthal Capital Management Inc. now owns 36,234 shares of the bank’s stock valued at $2,332,000 after buying an additional 1,450 shares during the period. Confluence Investment Management LLC raised its position in shares of Bank of Marin Bancorp by 6.0% in the second quarter. Confluence Investment Management LLC now owns 54,008 shares of the bank’s stock valued at $3,324,000 after buying an additional 3,076 shares during the period. Finally, Mutual of America Capital Management LLC raised its position in shares of Bank of Marin Bancorp by 0.7% in the first quarter. Mutual of America Capital Management LLC now owns 62,727 shares of the bank’s stock valued at $4,036,000 after buying an additional 442 shares during the period. Institutional investors and hedge funds own 41.95% of the company’s stock.

About Bank of Marin Bancorp

Bank of Marin Bancorp (Bancorp) is the holding company for Bank of Marin (the Bank). The Company’s business banking focus is on small to medium-sized businesses, professionals and not-for-profit organizations. As of December 31, 2016, the Company operated through 20 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.

Earnings History and Estimates for Bank of Marin Bancorp (NASDAQ:BMRC)

Receive News & Stock Ratings for Bank of Marin Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Marin Bancorp and related stocks with our FREE daily email newsletter.