Bank of Marin Bancorp (BMRC) Scheduled to Post Earnings on Monday

Bank of Marin Bancorp (NASDAQ:BMRC – Get Rating) will be announcing its earnings results before the market opens on Monday, April 25th. Analysts expect the company to announce earnings of $0.64 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Bank of Marin Bancorp (NASDAQ:BMRC – Get Rating) last issued its earnings results on Monday, January 24th. The bank reported $0.66 EPS for the quarter, topping the consensus estimate of $0.57 by $0.09. Bank of Marin Bancorp had a return on equity of 9.44% and a net margin of 28.04%. The firm had revenue of $33.35 million during the quarter, compared to analysts’ expectations of $32.50 million. During the same period last year, the business earned $0.60 earnings per share. On average, analysts expect Bank of Marin Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Bank of Marin Bancorp stock opened at $32.02 on Monday. The business’s fifty day moving average is $34.94. Bank of Marin Bancorp has a 52-week low of $30.69 and a 52-week high of $39.70. The firm has a market capitalization of $512.35 million, a price-to-earnings ratio of 13.74 and a beta of 0.73.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 11th. Shareholders of record on Friday, February 4th were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, February 3rd. This represents a $0.96 annualized dividend and a yield of 3.00%. Bank of Marin Bancorp’s dividend payout ratio is currently 41.20%.

BMRC has been the subject of several recent analyst reports. Zacks Investment Research upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Wednesday, January 26th. TheStreet lowered Bank of Marin Bancorp from a “b” rating to a “c+” rating in a research note on Wednesday, March 16th. StockNews.com began coverage on Bank of Marin Bancorp in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, Stephens began coverage on Bank of Marin Bancorp in a research note on Tuesday, December 28th. They issued an “equal weight” rating and a $40.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $42.00.

In other news, Director Russell A. Colombo sold 7,113 shares of the firm’s stock in a transaction on Monday, January 31st. The stock was sold at an average price of $37.12, for a total value of $264,034.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.59% of the company’s stock.

Several large investors have recently made changes to their positions in BMRC. The Manufacturers Life Insurance Company boosted its holdings in Bank of Marin Bancorp by 1.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 665,587 shares of the bank’s stock valued at $24,780,000 after acquiring an additional 8,539 shares during the last quarter. State Street Corp boosted its holdings in Bank of Marin Bancorp by 40.8% in the fourth quarter. State Street Corp now owns 420,033 shares of the bank’s stock valued at $15,638,000 after acquiring an additional 121,665 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Bank of Marin Bancorp by 15.0% in the third quarter. Bank of New York Mellon Corp now owns 81,738 shares of the bank’s stock valued at $3,085,000 after acquiring an additional 10,666 shares during the last quarter. Morgan Stanley boosted its holdings in Bank of Marin Bancorp by 23.2% in the third quarter. Morgan Stanley now owns 80,823 shares of the bank’s stock valued at $3,051,000 after acquiring an additional 15,224 shares during the last quarter. Finally, Citadel Advisors LLC boosted its holdings in Bank of Marin Bancorp by 94.7% in the fourth quarter. Citadel Advisors LLC now owns 39,058 shares of the bank’s stock valued at $1,454,000 after acquiring an additional 18,994 shares during the last quarter. Institutional investors own 47.72% of the company’s stock.

Bank of Marin Bancorp Company Profile (Get Rating)

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, professionals, not-for-profit organizations, and individuals in California, the United States. It 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.

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