Equities research analysts expect Bank of Marin Bancorp (NASDAQ:BMRC) to announce earnings of $0.86 per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Bank of Marin Bancorp’s earnings. The lowest EPS estimate is $0.79 and the highest is $0.90. Bank of Marin Bancorp posted earnings per share of $0.93 in the same quarter last year, which indicates a negative year-over-year growth rate of 7.5%. The business is expected to announce its next quarterly earnings report on Monday, January 22nd.

On average, analysts expect that Bank of Marin Bancorp will report full-year earnings of $3.27 per share for the current year, with EPS estimates ranging from $3.20 to $3.32. For the next financial year, analysts forecast that the business will report earnings of $3.57 per share, with EPS estimates ranging from $3.33 to $3.71. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Bank of Marin Bancorp.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its quarterly earnings data on Monday, October 23rd. The bank reported $0.83 EPS for the quarter, meeting the consensus estimate of $0.83. The firm had revenue of $20.85 million during the quarter, compared to the consensus estimate of $20.71 million. Bank of Marin Bancorp had a net margin of 24.74% and a return on equity of 8.85%.

BMRC has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Piper Jaffray Companies set a $72.00 price objective on shares of Bank of Marin Bancorp and gave the company a “hold” rating in a research note on Tuesday, November 28th. Finally, DA Davidson reaffirmed a “hold” rating and set a $72.00 price objective on shares of Bank of Marin Bancorp in a research note on Tuesday, October 24th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $72.60.

Shares of Bank of Marin Bancorp (NASDAQ:BMRC) traded up $3.15 during trading hours on Friday, hitting $74.10. 97,900 shares of the stock traded hands, compared to its average volume of 19,397. The company has a market capitalization of $438.33, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 1.97 and a beta of 0.80. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.02. Bank of Marin Bancorp has a 52-week low of $59.05 and a 52-week high of $77.90.

The business also recently declared a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Friday, November 3rd were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Thursday, November 2nd. Bank of Marin Bancorp’s payout ratio is currently 34.73%.

In related news, Director Leslie E. Murphy purchased 3,676 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was bought at an average cost of $68.00 per share, with a total value of $249,968.00. Following the completion of the purchase, the director now directly owns 3,936 shares in the company, valued at $267,648. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.17% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in Bank of Marin Bancorp by 13.9% in the first quarter. Bank of America Corp DE now owns 1,684 shares of the bank’s stock worth $108,000 after purchasing an additional 206 shares during the period. SG Americas Securities LLC purchased a new stake in Bank of Marin Bancorp in the third quarter worth about $113,000. Aperio Group LLC purchased a new stake in Bank of Marin Bancorp in the third quarter worth about $205,000. Cornerstone Capital Management Holdings LLC. grew its holdings in Bank of Marin Bancorp by 42.8% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 4,673 shares of the bank’s stock worth $286,000 after purchasing an additional 1,400 shares during the period. Finally, PDT Partners LLC purchased a new stake in Bank of Marin Bancorp in the second quarter worth about $357,000. 45.17% of the stock is owned by institutional investors.

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Bank of Marin Bancorp Company Profile

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.

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

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