Bank of Marin Bancorp (BMRC) to Release Quarterly Earnings on Monday
Bank of Marin Bancorp (NASDAQ:BMRC) is scheduled to be issuing its quarterly earnings data before the market opens on Monday, October 23rd. Analysts expect the company to announce earnings of $0.83 per share for the quarter.
Bank of Marin Bancorp (NASDAQ:BMRC) last issued its earnings results on Monday, July 24th. The bank reported $0.84 EPS for the quarter, beating the consensus estimate of $0.80 by $0.04. The company had revenue of $20.40 million during the quarter, compared to analysts’ expectations of $20.33 million. Bank of Marin Bancorp had a net margin of 26.72% and a return on equity of 9.55%. On average, analysts expect Bank of Marin Bancorp to post $3.28 EPS for the current fiscal year and $3.56 EPS for the next fiscal year.
Bank of Marin Bancorp (BMRC) opened at 70.60 on Monday. The stock has a 50 day moving average of $66.91 and a 200 day moving average of $64.59. The firm has a market capitalization of $431.37 million, a PE ratio of 19.41 and a beta of 0.88. Bank of Marin Bancorp has a 12 month low of $49.50 and a 12 month high of $75.05.
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A number of brokerages have recently issued reports on BMRC. Zacks Investment Research downgraded shares of Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, July 26th. Piper Jaffray Companies set a $68.00 price target on shares of Bank of Marin Bancorp and gave the stock a “hold” rating in a report on Sunday, July 30th. BidaskClub raised shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $68.00 price target on shares of Bank of Marin Bancorp in a report on Wednesday, June 28th. Four research analysts have rated the stock with a hold rating and two have issued 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 $70.00.
About Bank of Marin Bancorp
Bank of Marin Bancorp (Bancorp) is the holding company for Bank of Marin (the Bank). The Company’s business banking focus is on small to medium-sized businesses, professionals and not-for-profit organizations. As of December 31, 2016, the Company operated through 20 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.
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