Bank of Marin Bancorp (NASDAQ:BMRC) is scheduled to be issuing its quarterly earnings data on Monday, April 24th.
Bank of Marin Bancorp (NASDAQ:BMRC) last released its earnings results on Monday, January 23rd. The bank reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.10. Bank of Marin Bancorp had a net margin of 27.35% and a return on equity of 10.21%. The company earned $20.44 million during the quarter, compared to analysts’ expectations of $20.11 million. On average, analysts expect Bank of Marin Bancorp to post $3.39 EPS for the current fiscal year and $3.67 EPS for the next fiscal year.
Bank of Marin Bancorp (NASDAQ:BMRC) traded down 0.15% during mid-day trading on Friday, hitting $68.70. 21,007 shares of the stock traded hands. The stock has a 50-day moving average of $66.83 and a 200 day moving average of $64.06. Bank of Marin Bancorp has a 1-year low of $47.16 and a 1-year high of $75.05. The firm has a market cap of $418.18 million, a price-to-earnings ratio of 18.17 and a beta of 0.81.
BMRC has been the subject of a number of research analyst reports. FIG Partners upped their price target on shares of Bank of Marin Bancorp from $65.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, January 24th. Zacks Investment Research raised shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a report on Monday, December 26th. Finally, Piper Jaffray Companies initiated coverage on shares of Bank of Marin Bancorp in a report on Wednesday, January 18th. They issued a “neutral” rating and a $70.00 price target for the company.
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About Bank of Marin Bancorp
Bank of Marin Bancorp (Bancorp) is the holding company for Bank of Marin (the Bank). The Company’s customer base is made up of business and personal banking relationships from the communities near the branch office locations. Its business banking focus is on small to medium-sized businesses, professionals and not-for-profit organizations.
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