DA Davidson Issues Positive Forecast for Bank of Marin Bancorp (NASDAQ:BMRC) Stock Price

Key Points

• DA Davidson has raised its price target for Bank of Marin Bancorp from $24.00 to $27.00, indicating a potential upside of 14.99% based on the stock's current price.
• The company recently reported earnings per share of $0.29, which missed analysts' expectations of $0.36, alongside revenue of $10.29 million compared to a consensus estimate of $29.07 million.
• Bank of Marin Bancorp has authorized a $25 million stock buyback plan, suggesting that the board believes the company's shares are undervalued.

Bank of Marin Bancorp (NASDAQ:BMRC - Free Report) had its price objective boosted by DA Davidson from $24.00 to $27.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the bank's stock. DA Davidson also issued estimates for Bank of Marin Bancorp's Q3 2025 earnings at $0.39 EPS, FY2025 earnings at $1.40 EPS and FY2026 earnings at $1.85 EPS.

Other equities analysts also recently issued reports about the company. Piper Sandler lifted their target price on Bank of Marin Bancorp from $21.00 to $25.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Keefe, Bruyette & Woods boosted their price objective on Bank of Marin Bancorp from $26.00 to $27.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Finally, Stephens reaffirmed an "overweight" rating and issued a $26.00 target price on shares of Bank of Marin Bancorp in a research report on Tuesday, April 29th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Bank of Marin Bancorp has an average rating of "Moderate Buy" and an average target price of $26.25.

Bank of Marin Bancorp Stock Down 1.9%

BMRC stock traded down $0.43 during trading on Tuesday, hitting $22.22. 127,423 shares of the company's stock traded hands, compared to its average volume of 92,745. Bank of Marin Bancorp has a 52 week low of $16.97 and a 52 week high of $27.11. The stock has a fifty day moving average price of $23.20 and a two-hundred day moving average price of $22.77. The stock has a market capitalization of $360.41 million, a price-to-earnings ratio of 51.67 and a beta of 0.89.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The bank reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). Bank of Marin Bancorp had a net margin of 4.43% and a return on equity of 4.60%. The business had revenue of $10.29 million during the quarter, compared to analyst estimates of $29.07 million. As a group, equities research analysts expect that Bank of Marin Bancorp will post 1.61 EPS for the current fiscal year.

Bank of Marin Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th will be paid a $0.25 dividend. The ex-dividend date is Thursday, August 7th. This represents a $1.00 annualized dividend and a dividend yield of 4.5%. Bank of Marin Bancorp's dividend payout ratio (DPR) is presently 232.56%.

Bank of Marin Bancorp announced that its board has authorized a share buyback plan on Monday, July 28th that allows the company to buyback $25.00 million in outstanding shares. This buyback authorization allows the bank to reacquire up to 6.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

Hedge Funds Weigh In On Bank of Marin Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its stake in Bank of Marin Bancorp by 157.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,084 shares of the bank's stock valued at $26,000 after acquiring an additional 663 shares in the last quarter. Golden State Wealth Management LLC grew its stake in shares of Bank of Marin Bancorp by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 2,000 shares of the bank's stock worth $44,000 after purchasing an additional 1,000 shares in the last quarter. CWM LLC increased its holdings in shares of Bank of Marin Bancorp by 29.7% during the first quarter. CWM LLC now owns 2,753 shares of the bank's stock valued at $61,000 after purchasing an additional 630 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Bank of Marin Bancorp during the second quarter valued at about $69,000. Finally, Jones Financial Companies Lllp lifted its holdings in Bank of Marin Bancorp by 4,337.9% in the first quarter. Jones Financial Companies Lllp now owns 8,432 shares of the bank's stock worth $186,000 after purchasing an additional 8,242 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.