Bank of Marin Bancorp (BMRC) to Release Earnings on Monday

Bank of Marin Bancorp (NASDAQ:BMRC) will announce 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 are interested in registering for the company’s conference call can do so using this link.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its quarterly earnings results on Monday, January 29th. The bank reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). The firm had revenue of $20.98 million during the quarter, compared to analyst estimates 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 Trading Up 2.3 %

BMRC opened at $15.52 on Monday. The stock 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 12 month low of $12.89 and a 12 month high of $23.24. The firm’s fifty day simple moving average is $16.41 and its 200 day simple moving average is $18.44.

Bank of Marin Bancorp Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC acquired a new position in shares of Bank of Marin Bancorp during the 4th quarter worth about $29,000. Tower Research Capital LLC TRC grew its stake in Bank of Marin Bancorp by 642.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,723 shares of the bank’s stock valued at $38,000 after buying an additional 1,491 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Bank of Marin Bancorp by 348.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,358 shares of the bank’s stock valued at $52,000 after buying an additional 1,832 shares during the last quarter. Captrust Financial Advisors grew its stake in Bank of Marin Bancorp by 54.9% in the 1st quarter. Captrust Financial Advisors now owns 3,172 shares of the bank’s stock valued at $111,000 after buying an additional 1,124 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in Bank of Marin Bancorp by 49.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,161 shares of the bank’s stock valued at $164,000 after buying an additional 1,719 shares during the last quarter. 52.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BMRC has been the topic of several research reports. DA Davidson cut their price objective on shares of Bank of Marin Bancorp from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 30th. Stephens cut their price target on shares of Bank of Marin Bancorp from $24.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 30th.

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.