Bank of Marin Bancorp (NASDAQ:BMRC – Free Report) – Equities researchers at DA Davidson issued their Q1 2025 EPS estimates for shares of Bank of Marin Bancorp in a research note issued to investors on Tuesday, January 28th. DA Davidson analyst J. Rulis forecasts that the bank will earn $0.32 per share for the quarter. DA Davidson currently has a “Buy” rating and a $24.00 target price on the stock. The consensus estimate for Bank of Marin Bancorp’s current full-year earnings is $0.90 per share.
Other equities research analysts have also recently issued reports about the company. Stephens reissued an “overweight” rating and set a $30.00 price target on shares of Bank of Marin Bancorp in a report on Wednesday. Keefe, Bruyette & Woods lifted their target price on Bank of Marin Bancorp from $26.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Finally, StockNews.com lowered Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd.
Bank of Marin Bancorp Stock Performance
Shares of Bank of Marin Bancorp stock opened at $25.17 on Wednesday. Bank of Marin Bancorp has a one year low of $14.11 and a one year high of $27.11. The stock has a market cap of $404.73 million, a P/E ratio of -29.27 and a beta of 0.93. The stock’s fifty day moving average is $24.23 and its 200 day moving average is $22.24.
Bank of Marin Bancorp (NASDAQ:BMRC – Get Free Report) last released its quarterly earnings results on Monday, January 27th. The bank reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.06. Bank of Marin Bancorp had a negative net margin of 9.49% and a positive return on equity of 3.05%. During the same period in the prior year, the firm earned $0.04 EPS.
Bank of Marin Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Thursday, February 6th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Thursday, February 6th. Bank of Marin Bancorp’s dividend payout ratio is -116.28%.
Institutional Investors Weigh In On Bank of Marin Bancorp
Several large investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new stake in shares of Bank of Marin Bancorp in the 3rd quarter valued at approximately $74,000. SG Americas Securities LLC purchased a new position in Bank of Marin Bancorp during the third quarter worth $122,000. XTX Topco Ltd bought a new position in Bank of Marin Bancorp during the second quarter valued at $168,000. Hsbc Holdings PLC raised its stake in shares of Bank of Marin Bancorp by 21.1% in the second quarter. Hsbc Holdings PLC now owns 12,254 shares of the bank’s stock valued at $199,000 after acquiring an additional 2,131 shares during the period. Finally, Ballentine Partners LLC bought a new stake in shares of Bank of Marin Bancorp in the 4th quarter worth about $214,000. 52.26% of the stock is owned by institutional investors.
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 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.
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