Bank of Marin Bancorp (NASDAQ:BMRC) – Research analysts at Piper Jaffray Companies raised their FY2018 earnings estimates for shares of Bank of Marin Bancorp in a note issued to investors on Monday, December 3rd. Piper Jaffray Companies analyst M. Clark now anticipates that the bank will earn $2.23 per share for the year, up from their prior estimate of $2.23. Piper Jaffray Companies also issued estimates for Bank of Marin Bancorp’s FY2020 earnings at $2.67 EPS.

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

Several other research firms have also commented on BMRC. BidaskClub raised Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Zacks Investment Research lowered Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. Finally, ValuEngine lowered Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Bank of Marin Bancorp currently has a consensus rating of “Hold” and a consensus price target of $43.20.

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

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Bank of Marin Bancorp by 1.1% in the third quarter. Vanguard Group Inc. now owns 335,756 shares of the bank’s stock valued at $28,170,000 after buying an additional 3,751 shares during the last quarter. AQR Capital Management LLC increased its holdings in Bank of Marin Bancorp by 4.9% in the third quarter. AQR Capital Management LLC now owns 33,144 shares of the bank’s stock valued at $2,781,000 after buying an additional 1,546 shares during the last quarter. MetLife Investment Advisors LLC increased its holdings in Bank of Marin Bancorp by 59.0% in the third quarter. MetLife Investment Advisors LLC now owns 5,086 shares of the bank’s stock valued at $427,000 after buying an additional 1,887 shares during the last quarter. Matarin Capital Management LLC purchased a new position in shares of Bank of Marin Bancorp during the third quarter worth about $839,000. Finally, Mutual of America Capital Management LLC grew its holdings in shares of Bank of Marin Bancorp by 3.4% during the third quarter. Mutual of America Capital Management LLC now owns 70,454 shares of the bank’s stock worth $5,911,000 after purchasing an additional 2,287 shares during the last quarter. 43.90% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 8th. Investors 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 presently 42.68%.

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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