DA Davidson Has Negative Outlook of BMRC FY2025 Earnings

Bank of Marin Bancorp (NASDAQ:BMRC) – Equities researchers at DA Davidson decreased their FY2025 earnings estimates for Bank of Marin Bancorp in a report released on Tuesday, April 29th. DA Davidson analyst J. Rulis now expects that the bank will post earnings per share of $1.40 for the year, down from their previous forecast of $1.45. The consensus estimate for Bank of Marin Bancorp’s current full-year earnings is $1.61 per share.

A number of other research analysts also recently commented on BMRC. StockNews.com upgraded Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Stephens reiterated an “overweight” rating and set a $26.00 price target on shares of Bank of Marin Bancorp in a research report on Tuesday.

Bank of Marin Bancorp Price Performance

BMRC stock opened at $20.73 on Thursday. Bank of Marin Bancorp has a 1-year low of $14.44 and a 1-year high of $27.11. The firm has a fifty day moving average price of $21.79 and a two-hundred day moving average price of $23.38. The firm has a market cap of $335.89 million, a price-to-earnings ratio of -39.86 and a beta of 0.84.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its quarterly earnings results on Monday, April 28th. The bank reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Bank of Marin Bancorp had a positive return on equity of 3.33% and a negative net margin of 5.52%. The company had revenue of $35.24 million during the quarter, compared to the consensus estimate of $27.99 million.

Bank of Marin Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 4.82%. Bank of Marin Bancorp’s dividend payout ratio (DPR) is presently -192.31%.

Institutional Trading of Bank of Marin Bancorp

Several institutional investors have recently made changes to their positions in BMRC. Elizabeth Park Capital Advisors Ltd. bought a new stake in Bank of Marin Bancorp in the fourth quarter worth $5,680,000. North Reef Capital Management LP increased its position in Bank of Marin Bancorp by 45.8% in the 4th quarter. North Reef Capital Management LP now owns 470,956 shares of the bank’s stock worth $11,195,000 after buying an additional 148,020 shares during the period. Proficio Capital Partners LLC acquired a new position in Bank of Marin Bancorp during the 4th quarter valued at $1,374,000. Prudential Financial Inc. lifted its stake in shares of Bank of Marin Bancorp by 92.7% in the fourth quarter. Prudential Financial Inc. now owns 96,757 shares of the bank’s stock valued at $2,300,000 after buying an additional 46,536 shares during the period. Finally, Alliancebernstein L.P. lifted its position in shares of Bank of Marin Bancorp by 6.3% in the 4th quarter. Alliancebernstein L.P. now owns 655,514 shares of the bank’s stock worth $15,582,000 after acquiring an additional 38,934 shares during the period. 52.26% of the stock is currently owned by institutional investors and hedge funds.

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.