Wall Street analysts expect that Bank of Marin Bancorp (NASDAQ:BMRC – Get Rating) will announce $33.27 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Bank of Marin Bancorp’s earnings, with the lowest sales estimate coming in at $32.80 million and the highest estimate coming in at $33.60 million. Bank of Marin Bancorp posted sales of $26.56 million during the same quarter last year, which suggests a positive year-over-year growth rate of 25.3%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Bank of Marin Bancorp will report full-year sales of $134.47 million for the current financial year, with estimates ranging from $132.10 million to $136.10 million. For the next year, analysts forecast that the business will report sales of $142.93 million, with estimates ranging from $139.20 million to $147.10 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Bank of Marin Bancorp.
Bank of Marin Bancorp (NASDAQ:BMRC – Get Rating) last issued its quarterly earnings data on Monday, April 25th. The bank reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.01. Bank of Marin Bancorp had a return on equity of 9.50% and a net margin of 27.54%. During the same quarter last year, the business earned $0.66 EPS.
Large investors have recently bought and sold shares of the stock. Marshall Wace LLP acquired a new stake in Bank of Marin Bancorp in the 1st quarter worth $75,000. DeDora Capital Inc. acquired a new stake in Bank of Marin Bancorp in the 1st quarter valued at about $100,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Bank of Marin Bancorp by 114.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,785 shares of the bank’s stock valued at $141,000 after acquiring an additional 2,020 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Bank of Marin Bancorp by 120.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 4,138 shares of the bank’s stock valued at $156,000 after acquiring an additional 2,257 shares in the last quarter. Finally, Rafferty Asset Management LLC acquired a new stake in shares of Bank of Marin Bancorp during the 4th quarter worth approximately $207,000. Institutional investors and hedge funds own 51.43% of the company’s stock.
BMRC stock opened at $32.35 on Monday. The firm’s 50 day moving average is $33.73. Bank of Marin Bancorp has a 12-month low of $30.05 and a 12-month high of $39.65. The firm has a market cap of $517.63 million, a P/E ratio of 13.88 and a beta of 0.76.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 13th. Stockholders of record on Friday, May 6th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, May 5th. This represents a $0.96 annualized dividend and a dividend yield of 2.97%. Bank of Marin Bancorp’s dividend payout ratio (DPR) is 41.20%.
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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