Bank of Marin Bancorp (BMRC) Expected to Announce Quarterly Earnings on Monday

Bank of Marin Bancorp (NASDAQ:BMRC) is expected to post its quarterly earnings results before the market opens on Monday, January 27th. Analysts expect Bank of Marin Bancorp to post earnings of $0.32 per share and revenue of $25,810.00 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its quarterly earnings results on Monday, October 28th. The bank reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The firm had revenue of $39.21 million during the quarter, compared to analysts’ expectations of $27.30 million. Bank of Marin Bancorp had a negative net margin of 9.49% and a positive return on equity of 3.05%. During the same quarter in the prior year, the business earned $0.33 EPS. On average, analysts expect Bank of Marin Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Bank of Marin Bancorp Stock Performance

NASDAQ BMRC opened at $23.99 on Friday. The firm has a market cap of $385.83 million, a PE ratio of -27.90 and a beta of 0.93. The firm’s fifty day moving average is $24.28 and its two-hundred day moving average is $22.06. Bank of Marin Bancorp has a one year low of $14.11 and a one year high of $27.11.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. StockNews.com downgraded Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday. Stephens restated an “overweight” rating and issued a $30.00 price target on shares of Bank of Marin Bancorp in a report on Thursday, January 2nd. Keefe, Bruyette & Woods lifted their price objective on shares of Bank of Marin Bancorp from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Finally, DA Davidson raised shares of Bank of Marin Bancorp from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a report on Thursday, October 10th.

About Bank of Marin Bancorp

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.