Equities research analysts predict that Bank of Marin Bancorp (NASDAQ:BMRC) will report $0.53 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Bank of Marin Bancorp’s earnings. The highest EPS estimate is $0.61 and the lowest is $0.47. Bank of Marin Bancorp also posted earnings of $0.53 per share during the same quarter last year. The company is expected to announce its next earnings report on Monday, April 19th.
On average, analysts expect that Bank of Marin Bancorp will report full-year earnings of $1.98 per share for the current year, with EPS estimates ranging from $1.60 to $2.25. For the next financial year, analysts forecast that the company will report earnings of $1.93 per share, with EPS estimates ranging from $1.52 to $2.44. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Bank of Marin Bancorp.
Bank of Marin Bancorp (NASDAQ:BMRC) last posted its quarterly earnings results on Sunday, January 24th. The bank reported $0.60 EPS for the quarter, topping the consensus estimate of $0.48 by $0.12. Bank of Marin Bancorp had a net margin of 28.41% and a return on equity of 8.61%.
In related news, EVP Elizabeth Reizman sold 1,000 shares of the business’s stock in a transaction on Wednesday, February 3rd. The shares were sold at an average price of $37.64, for a total value of $37,640.00. Following the completion of the sale, the executive vice president now directly owns 9,886 shares of the company’s stock, valued at $372,109.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 5.23% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BMRC. Perigon Wealth Management LLC purchased a new stake in Bank of Marin Bancorp in the fourth quarter valued at approximately $34,000. Nisa Investment Advisors LLC purchased a new stake in Bank of Marin Bancorp in the 3rd quarter valued at $43,000. Captrust Financial Advisors acquired a new stake in Bank of Marin Bancorp during the 4th quarter worth $51,000. Marshall Wace LLP purchased a new position in Bank of Marin Bancorp during the 1st quarter worth $75,000. Finally, BNP Paribas Arbitrage SA grew its position in Bank of Marin Bancorp by 522.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 3,056 shares of the bank’s stock worth $89,000 after purchasing an additional 2,565 shares during the last quarter. 43.90% of the stock is currently owned by institutional investors.
Shares of BMRC stock traded up $0.46 on Tuesday, reaching $38.02. 1,457 shares of the stock were exchanged, compared to its average volume of 35,180. The company has a market capitalization of $517.68 million, a price-to-earnings ratio of 16.40 and a beta of 0.85. The business’s 50 day moving average price is $37.84 and its 200 day moving average price is $34.28. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.01. Bank of Marin Bancorp has a twelve month low of $23.80 and a twelve month high of $42.67.
The business also recently announced a quarterly dividend, which was paid on Friday, February 12th. Investors of record on Friday, February 5th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Thursday, February 4th. Bank of Marin Bancorp’s dividend payout ratio (DPR) is 37.10%.
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 San Francisco Bay Area, California in 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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