Brokerages expect that Bank of Marin Bancorp (NASDAQ:BMRC) will report sales of $25.33 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Bank of Marin Bancorp’s earnings, with the lowest sales estimate coming in at $24.73 million and the highest estimate coming in at $26.10 million. Bank of Marin Bancorp reported sales of $20.85 million during the same quarter last year, which indicates a positive year-over-year growth rate of 21.5%. The company is expected to report its next quarterly earnings results on Monday, October 22nd.

On average, analysts expect that Bank of Marin Bancorp will report full-year sales of $100.37 million for the current fiscal year, with estimates ranging from $98.88 million to $102.70 million. For the next year, analysts anticipate that the company will post sales of $106.84 million per share, with estimates ranging from $103.15 million to $110.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Bank of Marin Bancorp.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its quarterly earnings data on Monday, July 23rd. The bank reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.10. The business had revenue of $25.08 million during the quarter, compared to analysts’ expectations of $24.61 million. Bank of Marin Bancorp had a return on equity of 8.79% and a net margin of 21.77%.

A number of brokerages have issued reports on BMRC. Zacks Investment Research upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research note on Wednesday, July 25th. BidaskClub upgraded Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, July 30th. Piper Jaffray Companies set a $86.00 price objective on Bank of Marin Bancorp and gave the company a “hold” rating in a research note on Tuesday, July 24th. DA Davidson lifted their price objective on Bank of Marin Bancorp to $88.00 and gave the company a “neutral” rating in a research note on Tuesday, July 24th. Finally, Sandler O’Neill reiterated a “hold” rating and set a $88.00 price objective on shares of Bank of Marin Bancorp in a research note on Monday, July 23rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Bank of Marin Bancorp presently has an average rating of “Hold” and a consensus price target of $86.60.

NASDAQ:BMRC traded down $0.60 during trading hours on Thursday, reaching $87.30. 16,388 shares of the company traded hands, compared to its average volume of 21,470. The stock has a market capitalization of $613.33 million, a price-to-earnings ratio of 26.62, a PEG ratio of 2.01 and a beta of 0.76. Bank of Marin Bancorp has a 1 year low of $62.38 and a 1 year high of $90.85. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.02.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 10th. Stockholders of record on Friday, August 3rd were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, August 2nd. This represents a $1.28 annualized dividend and a dividend yield of 1.47%. This is a boost from Bank of Marin Bancorp’s previous quarterly dividend of $0.31. Bank of Marin Bancorp’s payout ratio is currently 39.02%.

In other news, insider Peter Pelham sold 1,000 shares of the business’s stock in a transaction on Monday, June 4th. The stock was sold at an average price of $80.27, for a total value of $80,270.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Russell A. Colombo sold 400 shares of the business’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $87.65, for a total value of $35,060.00. Following the completion of the transaction, the insider now owns 33,893 shares of the company’s stock, valued at approximately $2,970,721.45. The disclosure for this sale can be found here. Insiders sold 3,153 shares of company stock valued at $271,031 in the last 90 days. Company insiders own 5.17% of the company’s stock.

Several hedge funds have recently bought and sold shares of BMRC. Bank of Montreal Can purchased a new position in shares of Bank of Marin Bancorp in the second quarter worth $186,000. MetLife Investment Advisors LLC purchased a new position in shares of Bank of Marin Bancorp in the fourth quarter worth $218,000. Voya Investment Management LLC purchased a new position in shares of Bank of Marin Bancorp in the second quarter worth $222,000. ClariVest Asset Management LLC raised its stake in shares of Bank of Marin Bancorp by 83.2% in the first quarter. ClariVest Asset Management LLC now owns 3,723 shares of the bank’s stock worth $257,000 after purchasing an additional 1,691 shares during the last quarter. Finally, Aspiriant LLC purchased a new stake in Bank of Marin Bancorp during the first quarter valued at $272,000. Hedge funds and other institutional investors own 43.62% of the company’s stock.

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 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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