FY2025 EPS Estimates for Bank of Marin Bancorp (NASDAQ:BMRC) Decreased by Analyst

Bank of Marin Bancorp (NASDAQ:BMRC) – Analysts at DA Davidson lowered their FY2025 earnings estimates for Bank of Marin Bancorp in a research report issued to clients and investors on Tuesday, April 30th. DA Davidson analyst J. Rulis now expects that the bank will post earnings per share of $1.35 for the year, down from their prior forecast of $1.45. DA Davidson has a “Neutral” rating and a $15.00 price target on the stock. The consensus estimate for Bank of Marin Bancorp’s current full-year earnings is $1.23 per share.

Separately, Stephens decreased their price objective on Bank of Marin Bancorp from $19.00 to $16.00 and set an “equal weight” rating for the company in a report on Tuesday.

Bank of Marin Bancorp Price Performance

Bank of Marin Bancorp stock opened at $14.81 on Wednesday. Bank of Marin Bancorp has a 1 year low of $12.89 and a 1 year high of $23.24. The business has a 50 day moving average of $16.05 and a 200-day moving average of $18.28. The company has a market capitalization of $241.40 million, a P/E ratio of 17.84 and a beta of 0.85.

Bank of Marin Bancorp (NASDAQ:BMRC) last posted its earnings results on Monday, April 29th. The bank reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.10). The company had revenue of $36.90 million for the quarter, compared to the consensus estimate of $26.90 million. Bank of Marin Bancorp had a return on equity of 4.11% and a net margin of 9.28%. During the same period in the previous year, the firm posted $0.59 EPS.

Institutional Investors Weigh In On Bank of Marin Bancorp

A number of large investors have recently bought and sold shares of BMRC. PNC Financial Services Group Inc. lifted its holdings in shares of Bank of Marin Bancorp by 348.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,358 shares of the bank’s stock worth $52,000 after purchasing an additional 1,832 shares in the last quarter. SG Americas Securities LLC purchased a new position in Bank of Marin Bancorp in the third quarter valued at approximately $130,000. Bridge City Capital LLC grew its stake in shares of Bank of Marin Bancorp by 17.9% during the 1st quarter. Bridge City Capital LLC now owns 11,497 shares of the bank’s stock worth $193,000 after acquiring an additional 1,747 shares during the period. Wealthspire Advisors LLC bought a new position in Bank of Marin Bancorp during the fourth quarter worth about $355,000. Finally, BNP Paribas Financial Markets boosted its holdings in Bank of Marin Bancorp by 38.6% in the 4th quarter. BNP Paribas Financial Markets now owns 17,102 shares of the bank’s stock worth $377,000 after buying an additional 4,762 shares during the period. 52.26% of the stock is currently owned by institutional investors and hedge funds.

Bank of Marin Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, May 9th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.00 dividend on an annualized basis and a yield of 6.75%. Bank of Marin Bancorp’s payout ratio is currently 120.48%.

About Bank of Marin Bancorp

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.