Bank of Marin Bancorp (BMRC) Scheduled to Post Quarterly Earnings on Monday

Posted by Tammy Falkenburg on Oct 26th, 2024

Bank of Marin Bancorp (NASDAQ:BMRC – Get Free Report) is scheduled to be announcing its earnings results before the market opens on Monday, October 28th. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Bank of Marin Bancorp (NASDAQ:BMRC – Get Free Report) last issued its quarterly earnings results on Monday, July 29th. The bank reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.13). The firm had revenue of $37.12 million during the quarter, compared to analysts’ expectations of $25.85 million. Bank of Marin Bancorp had a positive return on equity of 3.25% and a negative net margin of 9.09%. During the same period in the previous year, the company earned $0.28 earnings per share. On average, analysts expect Bank of Marin Bancorp to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Bank of Marin Bancorp Stock Down 0.6 %

Shares of BMRC stock opened at $21.80 on Friday. The stock has a market cap of $355.03 million, a price-to-earnings ratio of 26.27 and a beta of 0.92. The business’s fifty day moving average is $20.61 and its 200 day moving average is $18.02. Bank of Marin Bancorp has a twelve month low of $14.11 and a twelve month high of $23.24.

Wall Street Analyst Weigh In

BMRC has been the topic of several analyst reports. Keefe, Bruyette & Woods boosted their target price on Bank of Marin Bancorp from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. DA Davidson raised Bank of Marin Bancorp from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Thursday, October 10th.

View Our Latest Stock Analysis on Bank of Marin Bancorp

About Bank of Marin Bancorp

(Get Free Report)

Bank of Marin Bancorp operates as the holding company for Bank of Marin that provides a range of financial services primarily to small to medium-sized businesses, not-for-profit organizations, and commercial real estate investors in the United States. The company offers personal and business checking and savings accounts; and individual retirement, health savings, and demand deposit marketplace accounts, as well as time certificates of deposit, certificate of deposit account registry, and insured cash sweep services.