FIG Partners Weighs in on Bank of Marin Bancorp’s Q3 2019 Earnings (BMRC)

Bank of Marin Bancorp (NASDAQ:BMRC) – FIG Partners increased their Q3 2019 earnings per share estimates for shares of Bank of Marin Bancorp in a report issued on Monday, December 3rd. FIG Partners analyst T. Coffey now forecasts that the bank will post earnings of $0.62 per share for the quarter, up from their previous forecast of $0.62. FIG Partners also issued estimates for Bank of Marin Bancorp’s FY2019 earnings at $2.44 EPS, Q1 2020 earnings at $0.66 EPS, Q3 2020 earnings at $0.71 EPS and FY2020 earnings at $2.78 EPS.

Bank of Marin Bancorp (NASDAQ:BMRC) last posted its quarterly earnings results on Monday, October 22nd. The bank reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.04. The company had revenue of $25.78 million for the quarter, compared to analyst estimates of $25.33 million. Bank of Marin Bancorp had a net margin of 24.21% and a return on equity of 9.33%.

Several other brokerages have also weighed in on BMRC. Zacks Investment Research lowered shares of Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, November 28th. ValuEngine lowered shares of Bank of Marin Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 28th. Finally, BidaskClub lowered shares of Bank of Marin Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $43.20.

NASDAQ BMRC opened at $39.75 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $595.51 million, a price-to-earnings ratio of 24.24, a P/E/G ratio of 2.75 and a beta of 0.59. Bank of Marin Bancorp has a 52-week low of $31.75 and a 52-week high of $45.42.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 8th. Stockholders of record on Thursday, November 1st were given a dividend of $0.175 per share. The ex-dividend date was Wednesday, October 31st. This represents a $0.70 annualized dividend and a dividend yield of 1.76%. Bank of Marin Bancorp’s dividend payout ratio (DPR) is currently 42.68%.

Institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its position in shares of Bank of Marin Bancorp by 382.0% during the 2nd quarter. Bank of America Corp DE now owns 16,045 shares of the bank’s stock valued at $1,298,000 after acquiring an additional 12,716 shares in the last quarter. Northern Trust Corp boosted its position in shares of Bank of Marin Bancorp by 6.0% during the 2nd quarter. Northern Trust Corp now owns 87,460 shares of the bank’s stock valued at $7,071,000 after acquiring an additional 4,956 shares in the last quarter. Swiss National Bank acquired a new stake in shares of Bank of Marin Bancorp during the 2nd quarter valued at about $889,000. Dimensional Fund Advisors LP boosted its position in shares of Bank of Marin Bancorp by 16.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 190,824 shares of the bank’s stock valued at $15,428,000 after acquiring an additional 27,399 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Bank of Marin Bancorp during the 3rd quarter valued at about $1,553,000. Institutional investors and hedge funds own 43.90% of the company’s stock.

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 professionals, small and middle-market businesses, individuals, and not-for-profit organizations in California, the United States. The company offers personal and business checking and savings accounts; and time certificates of deposit, individual retirement accounts, health savings accounts, and demand deposit marketplace accounts, as well as certificate of deposit account registry and insured cash sweep services.

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

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