What is DA Davidson's Forecast for BMRC FY2025 Earnings?

Key Points

• DA Davidson has raised its FY2025 earnings per share estimate for Bank of Marin Bancorp to $1.40, up from a previous estimate of $1.36, maintaining a "Buy" rating with a price target of $27.00.
• Bank of Marin Bancorp is initiating a stock buyback program to repurchase $25 million worth of shares, indicating management's belief that the stock is undervalued.
• The bank's latest quarterly earnings report showed a miss with earnings of $0.29 per share against a consensus estimate of $0.36, with revenues significantly lower than expected.

Bank of Marin Bancorp (NASDAQ:BMRC - Free Report) - Research analysts at DA Davidson lifted their FY2025 earnings per share estimates for Bank of Marin Bancorp in a research note issued on Tuesday, July 29th. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings per share of $1.40 for the year, up from their previous estimate of $1.36. DA Davidson has a "Buy" rating and a $27.00 price objective on the stock. The consensus estimate for Bank of Marin Bancorp's current full-year earnings is $1.61 per share. DA Davidson also issued estimates for Bank of Marin Bancorp's FY2026 earnings at $1.85 EPS.

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

Bank of Marin Bancorp Price Performance

Shares of BMRC stock traded up $0.12 on Thursday, hitting $22.34. The stock had a trading volume of 26,934 shares, compared to its average volume of 86,905. The firm has a market capitalization of $362.18 million, a P/E ratio of 51.85 and a beta of 0.89. Bank of Marin Bancorp has a 1 year low of $16.97 and a 1 year high of $27.11. The company's 50 day moving average price is $23.20 and its 200-day moving average price is $22.76.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The bank reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.07). The company had revenue of $10.29 million for the quarter, compared to analyst estimates of $29.07 million. Bank of Marin Bancorp had a net margin of 4.43% and a return on equity of 4.60%.

Bank of Marin Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Thursday, August 7th. Bank of Marin Bancorp's payout ratio is presently 232.56%.

Bank of Marin Bancorp declared that its board has initiated a stock buyback plan on Monday, July 28th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the bank to reacquire up to 6.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Hedge Funds Weigh In On Bank of Marin Bancorp

A number of hedge funds have recently bought and sold shares of BMRC. Raymond James Financial Inc. bought a new stake in Bank of Marin Bancorp during the fourth quarter worth approximately $200,000. American Century Companies Inc. raised its holdings in Bank of Marin Bancorp by 2.1% during the fourth quarter. American Century Companies Inc. now owns 141,903 shares of the bank's stock worth $3,373,000 after purchasing an additional 2,945 shares in the last quarter. Vanguard Group Inc. raised its holdings in Bank of Marin Bancorp by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 826,177 shares of the bank's stock worth $19,638,000 after purchasing an additional 9,770 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of Bank of Marin Bancorp by 92.7% in the fourth quarter. Prudential Financial Inc. now owns 96,757 shares of the bank's stock valued at $2,300,000 after buying an additional 46,536 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Bank of Marin Bancorp by 185.3% in the fourth quarter. JPMorgan Chase & Co. now owns 44,686 shares of the bank's stock valued at $1,062,000 after buying an additional 29,024 shares in the last quarter. 52.26% of the stock is currently owned by institutional investors and hedge funds.

Bank of Marin Bancorp Company Profile

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.