FY2025 EPS Forecast for Bank of Marin Bancorp Cut by Analyst

Bank of Marin Bancorp (NASDAQ:BMRC - Free Report) - Stock analysts at DA Davidson decreased their FY2025 earnings per share estimates for Bank of Marin Bancorp in a report released on Tuesday, April 29th. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings per share of $1.40 for the year, down from their previous forecast of $1.45. The consensus estimate for Bank of Marin Bancorp's current full-year earnings is $1.61 per share.

BMRC has been the topic of several other research reports. StockNews.com raised Bank of Marin Bancorp from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Stephens reissued an "overweight" rating and set a $26.00 price target on shares of Bank of Marin Bancorp in a research note on Tuesday, April 29th.

Bank of Marin Bancorp Stock Up 3.0 %

Shares of NASDAQ BMRC traded up $0.63 during midday trading on Thursday, reaching $21.36. 53,316 shares of the company were exchanged, compared to its average volume of 75,449. The stock's 50-day moving average price is $21.72 and its 200-day moving average price is $23.38. The stock has a market cap of $346.10 million, a P/E ratio of -41.08 and a beta of 0.84. Bank of Marin Bancorp has a one year low of $14.44 and a one year high of $27.11.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The bank reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $35.24 million for the quarter, compared to the consensus estimate of $27.99 million. Bank of Marin Bancorp had a negative net margin of 5.52% and a positive return on equity of 3.33%.

Bank of Marin Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 4.68%. Bank of Marin Bancorp's dividend payout ratio is -250.00%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Elizabeth Park Capital Advisors Ltd. acquired a new stake in shares of Bank of Marin Bancorp in the fourth quarter valued at about $5,680,000. North Reef Capital Management LP increased its position in Bank of Marin Bancorp by 45.8% during the 4th quarter. North Reef Capital Management LP now owns 470,956 shares of the bank's stock valued at $11,195,000 after purchasing an additional 148,020 shares during the period. Proficio Capital Partners LLC bought a new position in Bank of Marin Bancorp during the 4th quarter worth approximately $1,374,000. Prudential Financial Inc. raised its holdings in Bank of Marin Bancorp by 92.7% during the 4th quarter. Prudential Financial Inc. now owns 96,757 shares of the bank's stock worth $2,300,000 after purchasing an additional 46,536 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Bank of Marin Bancorp by 6.3% in the 4th quarter. Alliancebernstein L.P. now owns 655,514 shares of the bank's stock worth $15,582,000 after purchasing an additional 38,934 shares during the period. 52.26% of the stock is owned by institutional investors.

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.