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%.
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.
See Also: Dollar Cost Averaging
Receive News & Ratings for Bank of Marin Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Marin Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.