Brokerages predict that Bank of Marin Bancorp (NASDAQ:BMRC) will announce earnings per share of $0.62 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Bank of Marin Bancorp’s earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.65. Bank of Marin Bancorp posted earnings of $0.69 per share in the same quarter last year, which indicates a negative year over year growth rate of 10.1%. The firm is expected to issue its next earnings report on Monday, January 27th.

On average, analysts expect that Bank of Marin Bancorp will report full-year earnings of $2.44 per share for the current year, with EPS estimates ranging from $2.42 to $2.47. For the next year, analysts forecast that the company will post earnings of $2.42 per share, with EPS estimates ranging from $2.40 to $2.48. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Bank of Marin Bancorp.

Bank of Marin Bancorp (NASDAQ:BMRC) last released its earnings results on Monday, October 21st. The bank reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.08. Bank of Marin Bancorp had a return on equity of 10.73% and a net margin of 31.54%. The firm had revenue of $26.87 million during the quarter, compared to analyst estimates of $26.19 million.

A number of research firms recently issued reports on BMRC. BidaskClub upgraded shares of Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, October 22nd. Zacks Investment Research upgraded shares of Bank of Marin Bancorp from a “strong sell” rating to a “hold” rating in a report on Thursday, October 24th. Finally, ValuEngine cut shares of Bank of Marin Bancorp from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 5th.

In other news, insider Min Situ sold 771 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $43.85, for a total value of $33,808.35. Following the completion of the sale, the insider now owns 794 shares in the company, valued at $34,816.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Peter Pelham sold 3,245 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $43.78, for a total value of $142,066.10. Following the sale, the executive vice president now owns 6,957 shares in the company, valued at $304,577.46. The disclosure for this sale can be found here. Insiders sold 17,646 shares of company stock valued at $774,090 in the last three months. Company insiders own 5.29% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC raised its stake in shares of Bank of Marin Bancorp by 50.1% during the third quarter. Squarepoint Ops LLC now owns 7,686 shares of the bank’s stock valued at $319,000 after purchasing an additional 2,565 shares during the period. California State Teachers Retirement System grew its holdings in Bank of Marin Bancorp by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 20,859 shares of the bank’s stock valued at $865,000 after purchasing an additional 249 shares in the last quarter. State Street Corp grew its holdings in Bank of Marin Bancorp by 1.7% during the 3rd quarter. State Street Corp now owns 286,009 shares of the bank’s stock valued at $11,867,000 after purchasing an additional 4,891 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Bank of Marin Bancorp by 28.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 17,405 shares of the bank’s stock worth $724,000 after buying an additional 3,829 shares during the period. Finally, California Public Employees Retirement System increased its stake in Bank of Marin Bancorp by 16.3% during the 3rd quarter. California Public Employees Retirement System now owns 35,247 shares of the bank’s stock worth $1,462,000 after buying an additional 4,950 shares during the period. Hedge funds and other institutional investors own 44.28% of the company’s stock.

BMRC opened at $44.99 on Monday. The business has a 50-day moving average of $44.54 and a two-hundred day moving average of $42.50. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.91 and a quick ratio of 0.91. Bank of Marin Bancorp has a 12 month low of $38.00 and a 12 month high of $46.85. The stock has a market capitalization of $611.34 million, a price-to-earnings ratio of 19.31 and a beta of 0.55.

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 professionals, small and middle-market businesses, individuals, and not-for-profit organizations in California, the United States. The company offers personal and business checking and savings accounts; and time certificates of deposit, individual retirement accounts, health savings accounts, and demand deposit marketplace accounts, as well as certificate of deposit account registry and insured cash sweep services.

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

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