Analysts predict that Bank of Marin Bancorp (NASDAQ:BMRC) will post earnings per share (EPS) of $0.62 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Bank of Marin Bancorp’s earnings, with estimates ranging from $0.53 to $0.68. Bank of Marin Bancorp reported earnings of $0.46 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 34.8%. The business is expected to report its next quarterly earnings report on Monday, July 19th.
On average, analysts expect that Bank of Marin Bancorp will report full year earnings of $1.87 per share for the current fiscal year, with EPS estimates ranging from $1.32 to $2.45. For the next fiscal year, analysts anticipate that the business will report earnings of $2.23 per share, with EPS estimates ranging from $1.85 to $2.53. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Bank of Marin Bancorp.
Bank of Marin Bancorp (NASDAQ:BMRC) last issued its earnings results on Sunday, April 18th. The bank reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.12. Bank of Marin Bancorp had a return on equity of 8.61% and a net margin of 28.41%.
In related news, Director James C. Hale III acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, April 22nd. The stock was bought at an average cost of $35.76 per share, for a total transaction of $178,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Elizabeth Reizman sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 3rd. The shares were sold at an average price of $37.64, for a total value of $37,640.00. Following the transaction, the executive vice president now owns 9,886 shares of the company’s stock, valued at $372,109.04. The disclosure for this sale can be found here. Insiders own 5.23% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Taddei Ludwig & Associates Inc. bought a new position in shares of Bank of Marin Bancorp during the 4th quarter valued at approximately $249,000. Captrust Financial Advisors bought a new position in shares of Bank of Marin Bancorp during the 4th quarter valued at approximately $51,000. Anchor Capital Advisors LLC grew its stake in shares of Bank of Marin Bancorp by 60.4% during the 4th quarter. Anchor Capital Advisors LLC now owns 68,802 shares of the bank’s stock valued at $2,363,000 after acquiring an additional 25,903 shares during the period. BlackRock Inc. boosted its stake in Bank of Marin Bancorp by 2.4% in the 4th quarter. BlackRock Inc. now owns 1,052,751 shares of the bank’s stock worth $36,153,000 after purchasing an additional 24,276 shares during the period. Finally, Citigroup Inc. boosted its stake in Bank of Marin Bancorp by 17.4% in the 4th quarter. Citigroup Inc. now owns 3,616 shares of the bank’s stock worth $124,000 after purchasing an additional 535 shares during the period. Institutional investors own 43.90% of the company’s stock.
NASDAQ:BMRC traded up $0.05 during mid-day trading on Tuesday, reaching $35.59. The company’s stock had a trading volume of 58,906 shares, compared to its average volume of 48,457. Bank of Marin Bancorp has a 12-month low of $26.59 and a 12-month high of $42.19. The firm’s fifty day moving average price is $38.61 and its two-hundred day moving average price is $36.90. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.01. The stock has a market cap of $477.19 million, a P/E ratio of 15.52 and a beta of 0.85.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 7th. Shareholders of record on Friday, April 30th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, April 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.58%. Bank of Marin Bancorp’s dividend payout ratio is currently 37.10%.
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 professionals, small and middle-market businesses, individuals, and not-for-profit organizations in San Francisco Bay Area, California in the United States. The company offers personal and business checking and savings accounts; and time certificates of deposit, individual retirement accounts, health savings accounts, and demand deposit marketplace accounts, as well as certificate of deposit account registry and insured cash sweep services.
Recommended Story: How Does the Quiet Period Work?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Bank of Marin Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Marin Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.