DA Davidson Has Positive Outlook for BMRC FY2025 Earnings

Bank of Marin Bancorp (NASDAQ:BMRC) – DA Davidson boosted their FY2025 earnings estimates for shares of Bank of Marin Bancorp in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings per share of $1.41 for the year, up from their previous forecast of $1.40. 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.

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

A number of other equities research analysts have also recently commented on BMRC. Stephens raised Bank of Marin Bancorp from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. StockNews.com upgraded Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Bank of Marin Bancorp from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th.

Bank of Marin Bancorp Price Performance

Shares of BMRC stock opened at $24.07 on Friday. Bank of Marin Bancorp has a one year low of $14.11 and a one year high of $27.11. The company’s fifty day moving average price is $24.25 and its 200-day moving average price is $20.65. The company has a market capitalization of $387.12 million, a price-to-earnings ratio of -27.99 and a beta of 0.93.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BMRC. CWM LLC boosted its holdings in shares of Bank of Marin Bancorp by 129.2% in the 2nd quarter. CWM LLC now owns 1,944 shares of the bank’s stock worth $31,000 after purchasing an additional 1,096 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of Bank of Marin Bancorp during the second quarter valued at approximately $396,000. Rhumbline Advisers raised its holdings in shares of Bank of Marin Bancorp by 2.7% in the second quarter. Rhumbline Advisers now owns 25,011 shares of the bank’s stock worth $405,000 after buying an additional 656 shares during the period. Acadian Asset Management LLC boosted its holdings in Bank of Marin Bancorp by 104.4% during the 2nd quarter. Acadian Asset Management LLC now owns 99,622 shares of the bank’s stock valued at $1,611,000 after acquiring an additional 50,874 shares during the period. Finally, Choreo LLC bought a new position in Bank of Marin Bancorp in the 2nd quarter valued at $426,000. Institutional investors own 52.26% of the company’s stock.

Bank of Marin Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were issued a $0.25 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.15%. Bank of Marin Bancorp’s dividend payout ratio (DPR) is presently -116.28%.

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.