Q2 2021 EPS Estimates for Bank of Marin Bancorp (NASDAQ:BMRC) Boosted by Analyst


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Bank of Marin Bancorp (NASDAQ:BMRC) – Analysts at Piper Sandler increased their Q2 2021 earnings per share estimates for Bank of Marin Bancorp in a report issued on Tuesday, April 20th. Piper Sandler analyst M. Clark now forecasts that the bank will post earnings of $0.68 per share for the quarter, up from their previous estimate of $0.56. Piper Sandler also issued estimates for Bank of Marin Bancorp’s Q3 2021 earnings at $0.58 EPS, Q4 2021 earnings at $0.52 EPS, Q1 2022 earnings at $0.44 EPS, Q2 2022 earnings at $0.45 EPS, Q3 2022 earnings at $0.47 EPS, Q4 2022 earnings at $0.49 EPS and FY2022 earnings at $1.85 EPS.

Bank of Marin Bancorp (NASDAQ:BMRC) last posted its earnings results on Sunday, April 18th. The bank reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.12. Bank of Marin Bancorp had a return on equity of 8.61% and a net margin of 28.41%.

Separately, Zacks Investment Research lowered shares of Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, March 30th.

Shares of Bank of Marin Bancorp stock opened at $35.16 on Wednesday. The business has a fifty day simple moving average of $39.68 and a 200-day simple moving average of $36.61. The firm has a market cap of $471.43 million, a price-to-earnings ratio of 15.35 and a beta of 0.85. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.01. Bank of Marin Bancorp has a fifty-two week low of $26.59 and a fifty-two week high of $42.19.

Several large investors have recently made changes to their positions in BMRC. Kennedy Capital Management Inc. grew its stake in Bank of Marin Bancorp by 67.0% in the fourth quarter. Kennedy Capital Management Inc. now owns 97,002 shares of the bank’s stock valued at $3,331,000 after purchasing an additional 38,904 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Bank of Marin Bancorp by 5.4% during the 4th quarter. Alliancebernstein L.P. now owns 544,671 shares of the bank’s stock valued at $18,704,000 after buying an additional 27,697 shares during the last quarter. Anchor Capital Advisors LLC grew its stake in shares of Bank of Marin Bancorp by 60.4% in the 4th quarter. Anchor Capital Advisors LLC now owns 68,802 shares of the bank’s stock valued at $2,363,000 after buying an additional 25,903 shares in the last quarter. BlackRock Inc. increased its holdings in Bank of Marin Bancorp by 2.4% in the fourth quarter. BlackRock Inc. now owns 1,052,751 shares of the bank’s stock worth $36,153,000 after buying an additional 24,276 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Bank of Marin Bancorp by 399.3% during the fourth quarter. JPMorgan Chase & Co. now owns 24,716 shares of the bank’s stock valued at $848,000 after acquiring an additional 19,766 shares in the last quarter. Institutional investors and hedge funds own 43.90% of the company’s stock.

In related news, EVP Elizabeth Reizman sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 3rd. The shares were sold at an average price of $37.64, for a total value of $37,640.00. Following the completion of the transaction, the executive vice president now owns 9,886 shares of the company’s stock, valued at approximately $372,109.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.23% of the stock is currently owned by corporate insiders.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 7th. Stockholders of record on Friday, April 30th will be issued a dividend of $0.23 per share. The ex-dividend date is Thursday, April 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.62%. Bank of Marin Bancorp’s dividend payout ratio is currently 37.10%.

Bank of Marin Bancorp Company Profile

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 San Francisco Bay Area, California in 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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