Bank of Marin Bancorp (BMRC) Set to Announce Earnings on Monday

Bank of Marin Bancorp (NASDAQ:BMRC) is scheduled to be announcing its earnings results before the market opens on Monday, January 22nd. Analysts expect the company to announce earnings of $0.85 per share for the quarter.

Bank of Marin Bancorp (NASDAQ:BMRC) last released its earnings results on Monday, October 23rd. The bank reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. Bank of Marin Bancorp had a return on equity of 8.85% and a net margin of 24.74%. The business had revenue of $20.85 million during the quarter, compared to analysts’ expectations of $20.71 million. On average, analysts expect Bank of Marin Bancorp to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of Bank of Marin Bancorp (NASDAQ BMRC) opened at $71.50 on Friday. Bank of Marin Bancorp has a one year low of $59.05 and a one year high of $77.90. The company has a market capitalization of $433.70, a P/E ratio of 21.41, a P/E/G ratio of 1.66 and a beta of 0.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.91 and a current ratio of 0.91.

In other news, Director Leslie E. Murphy acquired 3,676 shares of Bank of Marin Bancorp stock in a transaction on Wednesday, November 22nd. The stock was purchased at an average price of $68.00 per share, with a total value of $249,968.00. Following the completion of the purchase, the director now owns 3,936 shares of the company’s stock, valued at approximately $267,648. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 5.17% of the company’s stock.

Several equities research analysts recently commented on BMRC shares. BidaskClub cut Bank of Marin Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, January 5th. Zacks Investment Research raised Bank of Marin Bancorp from a “hold” rating to a “strong-buy” rating and set a $81.00 price objective for the company in a research note on Wednesday, October 25th. DA Davidson reissued a “hold” rating and issued a $72.00 price objective on shares of Bank of Marin Bancorp in a research note on Tuesday, October 24th. Piper Jaffray Companies reissued a “hold” rating and issued a $75.00 price objective on shares of Bank of Marin Bancorp in a research note on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $74.00 price objective on shares of Bank of Marin Bancorp in a research note on Friday, December 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $73.80.

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Bank of Marin Bancorp Company Profile

Bank of Marin Bancorp (Bancorp) is the holding company for Bank of Marin (the Bank). The Company’s business banking focus is on small to medium-sized businesses, professionals and not-for-profit organizations. The Company operates through 23 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.

Earnings History for Bank of Marin Bancorp (NASDAQ:BMRC)

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