Bank of Marin Bancorp (NASDAQ:BMRC – Get Free Report)’s share price crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $27.26 and traded as high as $28.23. Bank of Marin Bancorp shares last traded at $27.80, with a volume of 143,395 shares trading hands.
Bank of Marin Bancorp News Roundup
Here are the key news stories impacting Bank of Marin Bancorp this week:
- Positive Sentiment: Quarterly earnings beat expectations: Bank of Marin reported third-quarter earnings of $0.62 per share, above the $0.57 consensus estimate and up from $0.47 in the year-ago quarter. Revenue also surpassed estimates, supporting the positive reaction. Bank of Marin Q3 Earnings and Revenues Surpass Estimates
- Positive Sentiment: Solid reported net income: Bank of Marin Bancorp generated $9.9 million in third-quarter net income, while reported return on equity was 8.51%. The results suggest improving earnings power relative to the prior year. Bank of Marin Bancorp Reports Third Quarter 2026 Net Income
- Positive Sentiment: Dividend supports shareholder appeal: The company declared a quarterly dividend of $0.25 per share, equivalent to $1.00 annually and a yield of approximately 3.6%. The stock’s ex-dividend date is November 5, with payment scheduled for November 12. Bank of Marin Bancorp Dividend Information
- Neutral Sentiment: Short-interest data offers little signal: Reported short interest was zero shares as of October 26, producing a zero-day days-to-cover ratio. This indicates minimal reported bearish positioning, but it is unlikely to be a significant near-term catalyst.
- Negative Sentiment: Profitability remains mixed: Although earnings exceeded forecasts, Bank of Marin Bancorp was reported with a negative net margin of 7.98%, which may temper enthusiasm and warrants attention to the quality and sustainability of quarterly earnings.
Analyst Ratings Changes
A number of brokerages have recently commented on BMRC. Stephens set a $30.00 target price on Bank of Marin Bancorp and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. Keefe, Bruyette & Woods lifted their price target on shares of Bank of Marin Bancorp from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, August 4th. Piper Sandler restated a “neutral” rating and set a $29.00 price objective (down from $30.00) on shares of Bank of Marin Bancorp in a report on Thursday, October 1st. DA Davidson set a $34.00 target price on Bank of Marin Bancorp and gave the stock a “buy” rating in a report on Tuesday, July 28th. Finally, Brean Capital lowered shares of Bank of Marin Bancorp from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research note on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $31.33.
Get Our Latest Analysis on BMRC
Bank of Marin Bancorp Trading Up 2.5%
The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $450.19 million, a P/E ratio of -30.55 and a beta of 0.82. The company has a 50-day moving average price of $27.26 and a 200 day moving average price of $26.74.
Bank of Marin Bancorp (NASDAQ:BMRC – Get Free Report) last issued its quarterly earnings data on Monday, October 26th. The bank reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. Bank of Marin Bancorp had a positive return on equity of 8.51% and a negative net margin of 7.98%. The company had revenue of $35.07 million for the quarter, compared to the consensus estimate of $35.11 million. On average, research analysts forecast that Bank of Marin Bancorp will post 2.28 earnings per share for the current fiscal year.
Bank of Marin Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Thursday, November 5th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Thursday, November 5th. Bank of Marin Bancorp’s payout ratio is -109.89%.
Hedge Funds Weigh In On Bank of Marin Bancorp
A number of large investors have recently made changes to their positions in BMRC. Lodestar Private Asset Management LLC increased its position in Bank of Marin Bancorp by 8.4% during the 3rd quarter. Lodestar Private Asset Management LLC now owns 11,005 shares of the bank’s stock valued at $298,000 after buying an additional 849 shares in the last quarter. Squarepoint Ops LLC grew its holdings in shares of Bank of Marin Bancorp by 109.8% during the second quarter. Squarepoint Ops LLC now owns 32,763 shares of the bank’s stock valued at $908,000 after buying an additional 17,143 shares during the last quarter. United Capital Financial Advisors LLC purchased a new stake in Bank of Marin Bancorp in the second quarter valued at approximately $960,000. Bank of America Corp DE acquired a new stake in shares of Bank of Marin Bancorp in the second quarter worth $678,000. Finally, Legal & General Group Plc purchased a new position in shares of Bank of Marin Bancorp during the 2nd quarter valued at about $43,000. 52.26% of the stock is owned by institutional investors and hedge funds.
About Bank of Marin Bancorp
Bank of Marin Bancorp is the holding company for Bank of Marin, a community bank headquartered in Novato, California. The bank provides financial services to individuals, families, professionals, nonprofit organizations and businesses, with a focus on relationship-based commercial banking.
Its products and services include business and personal checking and savings accounts, commercial and residential real estate loans, construction and commercial lending, small-business loans, consumer credit, cash-management services, online and mobile banking, and wealth management and trust services.
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