Bank of Marin Bancorp (NASDAQ:BMRC) Releases Earnings Results, Beats Expectations 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, beating analysts’ consensus estimates 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

Bank of Marin Bancorp stock opened at $27.11 on Monday. Bank of Marin Bancorp has a 12 month low of $23.35 and a 12 month high of $30.92. The stock has a market cap of $438.91 million, a price-to-earnings ratio of -29.79 and a beta of 0.82. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average price of $27.25 and a two-hundred day moving average price of $27.10.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BMRC shares. Stephens set a $30.00 target price on Bank of Marin Bancorp and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. DA Davidson set a $34.00 price target on shares of Bank of Marin Bancorp and gave the company a “buy” rating in a research report on Tuesday, July 28th. Zacks Research upgraded shares of Bank of Marin Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Piper Sandler restated a “neutral” rating and set a $29.00 target price (down from $30.00) on shares of Bank of Marin Bancorp in a research note on Thursday, October 1st. Finally, Brean Capital downgraded Bank of Marin Bancorp from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research note on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Bank of Marin Bancorp presently has an average rating of “Hold” and an average price target of $31.33.

About Bank of Marin Bancorp

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.