Bank of Marin Bancorp (NASDAQ:BMRC) Releases Earnings Results, Beats Estimates By $0.05 EPS

Bank of Marin Bancorp (NASDAQ:BMRC) posted its earnings results on Monday. The bank reported $0.62 EPS for the quarter, topping the consensus estimate of $0.57 by $0.05, FiscalAI reports. Bank of Marin Bancorp had a positive return on equity of 8.51% and a negative net margin of 7.98%.

Bank of Marin Bancorp Stock Performance

BMRC stock opened at $27.11 on Monday. The company’s 50 day moving average price is $27.25 and its two-hundred day moving average price is $27.10. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.72 and a current ratio of 0.72. Bank of Marin Bancorp has a one year low of $23.35 and a one year high of $30.92. The company has a market capitalization of $438.91 million, a PE ratio of -29.79 and a beta of 0.82.

Analyst Ratings Changes

BMRC has been the subject of several research analyst reports. Stephens set a $30.00 price objective on Bank of Marin Bancorp and gave the company an “equal weight” rating in a research report on Wednesday, July 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Bank of Marin Bancorp in a report on Friday, September 25th. Zacks Research raised shares of Bank of Marin Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Keefe, Bruyette & Woods lifted their price objective 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. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $29.00 price target (down from $30.00) on shares of Bank of Marin Bancorp in a report on Thursday, October 1st. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.33.

Bank of Marin Bancorp Company Profile

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.