Bank of Marin Bancorp (BMRC) to Post Q4 2018 Earnings of $0.59 Per Share, Piper Jaffray Companies Forecasts

Bank of Marin Bancorp (NASDAQ:BMRC) – Analysts at Piper Jaffray Companies dropped their Q4 2018 earnings estimates for Bank of Marin Bancorp in a report released on Monday, December 3rd. Piper Jaffray Companies analyst M. Clark now anticipates that the bank will post earnings of $0.59 per share for the quarter, down from their previous forecast of $0.60. Piper Jaffray Companies also issued estimates for Bank of Marin Bancorp’s Q4 2019 earnings at $0.68 EPS, Q1 2020 earnings at $0.62 EPS and Q3 2020 earnings at $0.70 EPS.

Bank of Marin Bancorp (NASDAQ:BMRC) last posted its quarterly earnings data on Monday, October 22nd. The bank reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The firm had revenue of $25.78 million during the quarter, compared to analysts’ expectations of $25.33 million. Bank of Marin Bancorp had a return on equity of 9.33% and a net margin of 24.21%.

BMRC has been the subject of a number of other research reports. Zacks Investment Research upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $45.50 price objective for the company in a research report on Wednesday, October 24th. ValuEngine cut Bank of Marin Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 28th. Finally, BidaskClub upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Bank of Marin Bancorp presently has a consensus rating of “Hold” and an average target price of $43.20.

Bank of Marin Bancorp stock opened at $39.75 on Tuesday. The stock has a market cap of $595.51 million, a P/E ratio of 24.24, a P/E/G ratio of 2.75 and a beta of 0.59. Bank of Marin Bancorp has a 52 week low of $31.75 and a 52 week high of $45.42. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.87 and a quick ratio of 0.87.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 8th. Shareholders of record on Thursday, November 1st were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 1.76%. The ex-dividend date was Wednesday, October 31st. Bank of Marin Bancorp’s dividend payout ratio (DPR) is 42.68%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in Bank of Marin Bancorp by 16.8% during the second quarter. Dimensional Fund Advisors LP now owns 190,824 shares of the bank’s stock valued at $15,428,000 after buying an additional 27,399 shares during the period. BlackRock Inc. raised its position in Bank of Marin Bancorp by 3.8% during the second quarter. BlackRock Inc. now owns 561,294 shares of the bank’s stock valued at $45,381,000 after buying an additional 20,350 shares during the period. Assenagon Asset Management S.A. acquired a new position in Bank of Marin Bancorp during the third quarter valued at $1,553,000. Bank of America Corp DE raised its position in Bank of Marin Bancorp by 382.0% during the second quarter. Bank of America Corp DE now owns 16,045 shares of the bank’s stock valued at $1,298,000 after buying an additional 12,716 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in Bank of Marin Bancorp during the second quarter valued at $915,000. Institutional investors own 43.90% of the company’s stock.

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 professionals, small and middle-market businesses, individuals, and not-for-profit organizations in California, the United States. The company offers personal and business checking and savings accounts; and time certificates of deposit, individual retirement accounts, health savings accounts, and demand deposit marketplace accounts, as well as certificate of deposit account registry and insured cash sweep services.

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Earnings History and Estimates for Bank of Marin Bancorp (NASDAQ:BMRC)

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