What is DA Davidson's Estimate for BMRC FY2026 Earnings?

Key Points

• DA Davidson has raised its FY2026 earnings per share estimate for Bank of Marin Bancorp to $1.86, up from $1.85, and maintains a "Buy" rating with a target price of $27.00.
• The company recently missed Q2 earnings expectations, reporting $0.29 EPS versus the consensus estimate of $0.36, and total revenue was $10.29 million compared to the estimated $29.07 million.
• Bank of Marin Bancorp has initiated a $25 million share repurchase program, indicating management's belief that the stock may be undervalued.

Bank of Marin Bancorp (NASDAQ:BMRC - Free Report) - Stock analysts at DA Davidson boosted their FY2026 earnings per share (EPS) estimates for Bank of Marin Bancorp in a research report issued to clients and investors on Friday, September 26th. DA Davidson analyst J. Rulis now forecasts that the bank will earn $1.86 per share for the year, up from their prior forecast of $1.85. DA Davidson currently has a "Buy" rating and a $27.00 price target on the stock. 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 announced its earnings results on Monday, July 28th. The bank reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.07). The business had revenue of $10.29 million for the quarter, compared to the consensus estimate of $29.07 million. Bank of Marin Bancorp had a net margin of 4.43% and a return on equity of 4.60%.

Other equities analysts also recently issued research reports about the company. Piper Sandler upped their target price on Bank of Marin Bancorp from $21.00 to $25.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods upped their target price on Bank of Marin Bancorp from $26.00 to $27.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $26.25.

Bank of Marin Bancorp Stock Up 1.4%

Shares of Bank of Marin Bancorp stock opened at $24.84 on Monday. The company has a market cap of $400.42 million, a PE ratio of 57.77 and a beta of 0.91. The business has a 50 day moving average of $23.88 and a 200 day moving average of $22.66. Bank of Marin Bancorp has a 52 week low of $19.11 and a 52 week high of $27.11.

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

Bank of Marin Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, August 7th. Bank of Marin Bancorp's dividend payout ratio is presently 232.56%.

Institutional Investors Weigh In On Bank of Marin Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Bank of Marin Bancorp by 1.2% in the first quarter. Vanguard Group Inc. now owns 836,427 shares of the bank's stock worth $18,460,000 after acquiring an additional 10,250 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Bank of Marin Bancorp by 7.0% in the first quarter. Alliancebernstein L.P. now owns 701,534 shares of the bank's stock worth $15,483,000 after acquiring an additional 46,020 shares during the last quarter. HoldCo Asset Management LP purchased a new stake in shares of Bank of Marin Bancorp in the second quarter worth $9,305,000. Ameriprise Financial Inc. grew its stake in shares of Bank of Marin Bancorp by 1.3% in the second quarter. Ameriprise Financial Inc. now owns 370,043 shares of the bank's stock worth $8,452,000 after acquiring an additional 4,679 shares during the last quarter. Finally, Fourthstone LLC grew its stake in shares of Bank of Marin Bancorp by 291.7% in the second quarter. Fourthstone LLC now owns 276,578 shares of the bank's stock worth $6,317,000 after acquiring an additional 205,969 shares during the last quarter. 52.26% of the stock is owned by hedge funds and other institutional investors.

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.

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