Brokers Issue Forecasts for BMRC Q4 Earnings

Bank of Marin Bancorp (NASDAQ:BMRC) – Investment analysts at DA Davidson issued their Q4 2024 earnings estimates for shares of Bank of Marin Bancorp in a report released on Wednesday, October 30th. DA Davidson analyst J. Rulis expects that the bank will earn $0.29 per share for the quarter. DA Davidson has a “Buy” rating and a $24.00 price objective on the stock. The consensus estimate for Bank of Marin Bancorp’s current full-year earnings is $0.49 per share. DA Davidson also issued estimates for Bank of Marin Bancorp’s FY2025 earnings at $1.40 EPS.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its quarterly earnings data on Monday, October 28th. The bank reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. The business had revenue of $39.21 million during the quarter, compared to analyst estimates of $27.30 million. Bank of Marin Bancorp had a positive return on equity of 3.05% and a negative net margin of 9.49%. During the same period last year, the company earned $0.33 earnings per share.

Other equities research analysts have also recently issued research reports about the company. StockNews.com raised Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday. Keefe, Bruyette & Woods lifted their target price on shares of Bank of Marin Bancorp from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st.

Bank of Marin Bancorp Price Performance

Shares of BMRC stock opened at $22.14 on Thursday. Bank of Marin Bancorp has a fifty-two week low of $14.11 and a fifty-two week high of $23.35. The stock’s 50-day moving average is $20.96 and its two-hundred day moving average is $18.32. The firm has a market cap of $360.35 million, a P/E ratio of -25.74 and a beta of 0.92.

Bank of Marin Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th will be given a $0.25 dividend. The ex-dividend date is Thursday, November 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.52%. Bank of Marin Bancorp’s dividend payout ratio is currently -116.28%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BMRC. ProShare Advisors LLC lifted its holdings in Bank of Marin Bancorp by 21.4% in the 1st quarter. ProShare Advisors LLC now owns 449,962 shares of the bank’s stock worth $7,546,000 after purchasing an additional 79,291 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Bank of Marin Bancorp by 104.4% in the second quarter. Acadian Asset Management LLC now owns 99,622 shares of the bank’s stock worth $1,611,000 after buying an additional 50,874 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of Bank of Marin Bancorp in the second quarter worth $709,000. Renaissance Technologies LLC boosted its holdings in shares of Bank of Marin Bancorp by 29.5% during the 2nd quarter. Renaissance Technologies LLC now owns 150,192 shares of the bank’s stock worth $2,432,000 after buying an additional 34,200 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Bank of Marin Bancorp by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 716,201 shares of the bank’s stock valued at $11,595,000 after buying an additional 33,280 shares during the last quarter. Institutional investors and hedge funds own 52.26% 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 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.