FY2017 EPS Estimates for Bank of Marin Bancorp Reduced by Analyst (BMRC)

Bank of Marin Bancorp (NASDAQ:BMRC) – FIG Partners decreased their FY2017 earnings per share (EPS) estimates for shares of Bank of Marin Bancorp in a research note issued to investors on Monday. FIG Partners analyst T. Coffey now forecasts that the bank will post earnings per share of $2.72 for the year, down from their previous forecast of $3.28. FIG Partners also issued estimates for Bank of Marin Bancorp’s Q4 2017 earnings at $0.31 EPS, Q1 2019 earnings at $0.97 EPS and FY2019 earnings at $4.00 EPS.

Other research analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $68.00 target price on shares of Bank of Marin Bancorp in a report on Wednesday, June 28th. Zacks Investment Research raised shares of Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. ValuEngine raised shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, June 3rd. BidaskClub raised shares of Bank of Marin Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Finally, Piper Jaffray Companies set a $68.00 target price on shares of Bank of Marin Bancorp and gave the stock a “hold” rating in a report on Sunday, July 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Bank of Marin Bancorp presently has a consensus rating of “Hold” and an average target price of $70.75.

ILLEGAL ACTIVITY WARNING: This article was first posted by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another website, it was illegally stolen and reposted in violation of United States and international copyright and trademark law. The correct version of this article can be accessed at https://www.com-unik.info/2017/08/16/fy2017-eps-estimates-for-bank-of-marin-bancorp-reduced-by-analyst-bmrc.html.

Shares of Bank of Marin Bancorp (BMRC) opened at 65.20 on Wednesday. The firm’s 50-day moving average price is $64.09 and its 200-day moving average price is $65.04. The firm has a market capitalization of $398.37 million, a P/E ratio of 17.93 and a beta of 0.90. Bank of Marin Bancorp has a 12-month low of $48.53 and a 12-month high of $75.05.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its quarterly earnings results on Monday, July 24th. The bank reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. The firm had revenue of $20.40 million for the quarter, compared to analyst estimates of $20.33 million. Bank of Marin Bancorp had a return on equity of 9.55% and a net margin of 26.72%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. boosted its position in shares of Bank of Marin Bancorp by 0.3% in the first quarter. Prudential Financial Inc. now owns 46,272 shares of the bank’s stock valued at $2,978,000 after buying an additional 140 shares in the last quarter. Bank of America Corp DE raised its stake in Bank of Marin Bancorp by 13.9% in the first quarter. Bank of America Corp DE now owns 1,684 shares of the bank’s stock valued at $108,000 after buying an additional 206 shares in the last quarter. American International Group Inc. raised its stake in Bank of Marin Bancorp by 7.0% in the first quarter. American International Group Inc. now owns 3,670 shares of the bank’s stock valued at $236,000 after buying an additional 240 shares in the last quarter. Context BH Capital Management LP raised its stake in Bank of Marin Bancorp by 3.2% in the second quarter. Context BH Capital Management LP now owns 9,720 shares of the bank’s stock valued at $598,000 after buying an additional 300 shares in the last quarter. Finally, State Street Corp raised its stake in Bank of Marin Bancorp by 0.4% in the second quarter. State Street Corp now owns 102,879 shares of the bank’s stock valued at $6,328,000 after buying an additional 396 shares in the last quarter. 42.65% of the stock is currently owned by institutional investors.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Friday, August 4th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, August 2nd. This is a boost from Bank of Marin Bancorp’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.78%. Bank of Marin Bancorp’s dividend payout ratio (DPR) is currently 31.78%.

About Bank of Marin Bancorp

Bank of Marin Bancorp (Bancorp) is the holding company for Bank of Marin (the Bank). The Company’s business banking focus is on small to medium-sized businesses, professionals and not-for-profit organizations. As of December 31, 2016, the Company operated through 20 offices in Marin, Sonoma, San Francisco, Napa and Alameda counties.

Earnings History and Estimates for Bank of Marin Bancorp (NASDAQ:BMRC)

What are top analysts saying about Bank of Marin Bancorp? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Bank of Marin Bancorp and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit