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

Bank of Marin Bancorp (NASDAQ:BMRC) is scheduled to be announcing its earnings results before the market opens on Monday, April 29th. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its earnings results on Monday, January 29th. The bank reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). The business had revenue of $20.98 million for the quarter, compared to the consensus estimate of $27.50 million. Bank of Marin Bancorp had a net margin of 13.77% and a return on equity of 5.63%. 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 Price Performance

Shares of Bank of Marin Bancorp stock opened at $15.52 on Monday. The business’s fifty day moving average price is $16.41 and its two-hundred day moving average price is $18.44. The company has a market capitalization of $252.98 million, a P/E ratio of 12.52 and a beta of 0.85. Bank of Marin Bancorp has a 1-year low of $12.89 and a 1-year high of $23.24.

Bank of Marin Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 8th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.44%. The ex-dividend date of this dividend was Wednesday, February 7th. Bank of Marin Bancorp’s dividend payout ratio is presently 80.65%.

Wall Street Analyst Weigh In

A number of research analysts have commented on BMRC shares. DA Davidson lowered their target price on Bank of Marin Bancorp from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 30th. Stephens cut their price objective on Bank of Marin Bancorp from $24.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 30th.

Institutional Investors Weigh In On Bank of Marin Bancorp

Several large investors have recently modified their holdings of the stock. Nuveen Asset Management LLC lifted its stake in shares of Bank of Marin Bancorp by 0.5% in the 3rd quarter. Nuveen Asset Management LLC now owns 69,082 shares of the bank’s stock valued at $2,069,000 after purchasing an additional 312 shares during the period. JPMorgan Chase & Co. grew its holdings in Bank of Marin Bancorp by 7.0% during the first quarter. JPMorgan Chase & Co. now owns 7,407 shares of the bank’s stock worth $259,000 after purchasing an additional 486 shares during the period. Bridgeway Capital Management LLC lifted its position in Bank of Marin Bancorp by 3.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 24,415 shares of the bank’s stock worth $538,000 after acquiring an additional 768 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Bank of Marin Bancorp by 0.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 110,999 shares of the bank’s stock worth $1,961,000 after acquiring an additional 783 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in Bank of Marin Bancorp by 25.9% during the second quarter. Captrust Financial Advisors now owns 3,992 shares of the bank’s stock worth $127,000 after acquiring an additional 820 shares during the last quarter. 52.26% of the stock is currently owned by institutional investors.

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.