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

Posted by Bonnie Powley on Apr 27th, 2024

Bank of Marin Bancorp (NASDAQ:BMRC – Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Monday, April 29th. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Bank of Marin Bancorp (NASDAQ:BMRC – Get Free Report) last announced its quarterly earnings data on Monday, January 29th. The bank reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The company had revenue of $20.98 million for the quarter, compared to analyst estimates of $27.50 million. Bank of Marin Bancorp had a net margin of 13.77% and a return on equity of 5.63%. On average, analysts expect Bank of Marin Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Bank of Marin Bancorp Stock Performance

Shares of BMRC opened at $15.44 on Friday. The company has a 50-day simple moving average of $16.22 and a 200-day simple moving average of $18.35. The firm has a market capitalization of $251.67 million, a P/E ratio of 12.45 and a beta of 0.85. Bank of Marin Bancorp has a 52 week low of $12.89 and a 52 week high of $23.24.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BMRC shares. Stephens cut their price objective on shares of Bank of Marin Bancorp from $24.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 30th. DA Davidson cut their price objective on shares of Bank of Marin Bancorp from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 30th.

Get Our Latest Stock Analysis on Bank of Marin Bancorp

Bank of Marin Bancorp Company Profile

(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.