Bank of Marin Bancorp (BMRC) Scheduled to Post Quarterly Earnings on Monday

Bank of Marin Bancorp (NASDAQ:BMRC) will be announcing its earnings results before the market opens on Monday, October 28th. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its quarterly earnings results on Monday, July 29th. The bank reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.13). The company had revenue of $37.12 million during the quarter, compared to analysts’ expectations of $25.85 million. Bank of Marin Bancorp had a positive return on equity of 3.25% and a negative net margin of 9.09%. During the same period last year, the firm earned $0.28 earnings per share. On average, analysts expect Bank of Marin Bancorp to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Bank of Marin Bancorp Price Performance

Shares of Bank of Marin Bancorp stock opened at $21.80 on Friday. The business’s 50 day simple moving average is $20.61 and its two-hundred day simple moving average is $18.02. The stock has a market capitalization of $355.03 million, a P/E ratio of 26.27 and a beta of 0.92. Bank of Marin Bancorp has a one year low of $14.11 and a one year high of $23.24.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BMRC shares. DA Davidson raised Bank of Marin Bancorp from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Thursday, October 10th. Keefe, Bruyette & Woods boosted their target price on 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.

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.