Equities Analysts Issue Forecasts for BMRC FY2025 Earnings

Bank of Marin Bancorp (NASDAQ:BMRC - Free Report) - Stock analysts at DA Davidson reduced their FY2025 earnings estimates for shares of Bank of Marin Bancorp in a research note issued on Tuesday, April 29th. DA Davidson analyst J. Rulis now expects that the bank will earn $1.40 per share for the year, down from their prior estimate of $1.45. The consensus estimate for Bank of Marin Bancorp's current full-year earnings is $1.61 per share.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The bank reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). The business had revenue of $35.24 million during the quarter, compared to analysts' expectations 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%.

A number of other research firms also recently commented on BMRC. StockNews.com upgraded Bank of Marin Bancorp from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Stephens restated an "overweight" rating and issued a $26.00 price objective on shares of Bank of Marin Bancorp in a report on Tuesday, April 29th.

Bank of Marin Bancorp Price Performance

BMRC stock traded down $0.13 on Thursday, hitting $21.13. 24,150 shares of the company were exchanged, compared to its average volume of 75,182. The stock has a market capitalization of $342.29 million, a price-to-earnings ratio of -40.62 and a beta of 0.84. Bank of Marin Bancorp has a twelve month low of $14.44 and a twelve month high of $27.11. The business's fifty day moving average is $21.66 and its two-hundred day moving average is $23.38.

Institutional Trading of Bank of Marin Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted 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 during the last quarter. Golden State Wealth Management LLC boosted its holdings in 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 during the period. CWM LLC raised its stake in Bank of Marin Bancorp by 29.7% during the first quarter. CWM LLC now owns 2,753 shares of the bank's stock worth $61,000 after acquiring an additional 630 shares during the period. SG Americas Securities LLC grew its stake in Bank of Marin Bancorp by 7.1% during the 4th quarter. SG Americas Securities LLC now owns 6,509 shares of the bank's stock worth $155,000 after buying an additional 430 shares during the last quarter. Finally, Wulff Hansen & CO. bought a new stake in Bank of Marin Bancorp in the 4th quarter valued at about $200,000. 52.26% of the stock is owned by hedge funds and other institutional investors.

Bank of Marin Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, May 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.73%. Bank of Marin Bancorp's dividend payout ratio is currently -250.00%.

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.