Bank of Marin Bancorp (NASDAQ:BMRC) Issues Earnings Results

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) posted its quarterly earnings data on Monday. The bank reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.10), Yahoo Finance reports. The business had revenue of $36.90 million during the quarter, compared to the consensus estimate of $26.90 million. Bank of Marin Bancorp had a return on equity of 5.63% and a net margin of 13.77%. During the same quarter in the previous year, the firm posted $0.59 earnings per share.

Bank of Marin Bancorp Trading Down 0.6 %

BMRC traded down $0.08 on Tuesday, hitting $14.36. 117,400 shares of the stock traded hands, compared to its average volume of 65,463. Bank of Marin Bancorp has a 52 week low of $12.89 and a 52 week high of $23.24. The firm has a market capitalization of $234.07 million, a PE ratio of 11.52 and a beta of 0.85. The business has a fifty day moving average price of $16.16 and a two-hundred day moving average price of $18.33.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BMRC shares. Stephens dropped their price objective on Bank of Marin Bancorp from $19.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Tuesday. DA Davidson lowered their price target on Bank of Marin Bancorp from $17.00 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday.

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.