DA Davidson Has Optimistic Outlook of BMRC FY2025 Earnings

Bank of Marin Bancorp (NASDAQ:BMRC) – Investment analysts at DA Davidson increased their FY2025 earnings per share (EPS) estimates for shares of Bank of Marin Bancorp in a note issued to investors on Tuesday, January 28th. DA Davidson analyst J. Rulis now expects that the bank will earn $1.85 per share for the year, up from their prior forecast of $1.41. DA Davidson has a “Buy” rating and a $24.00 price target on the stock. The consensus estimate for Bank of Marin Bancorp’s current full-year earnings is $0.90 per share.

BMRC has been the subject of a number of other reports. StockNews.com downgraded shares of Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods increased their target price on shares of Bank of Marin Bancorp from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Finally, Stephens restated an “overweight” rating and issued a $30.00 price target on shares of Bank of Marin Bancorp in a research report on Wednesday.

Bank of Marin Bancorp Price Performance

Bank of Marin Bancorp stock opened at $24.99 on Thursday. Bank of Marin Bancorp has a 12-month low of $14.11 and a 12-month high of $27.11. The stock has a market capitalization of $401.91 million, a PE ratio of -29.06 and a beta of 0.93. The firm has a 50 day simple moving average of $24.24 and a 200-day simple moving average of $22.22.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its quarterly earnings data on Monday, January 27th. The bank reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. Bank of Marin Bancorp had a negative net margin of 9.49% and a positive return on equity of 3.05%. During the same quarter in the previous year, the company earned $0.04 EPS.

Institutional Investors Weigh In On Bank of Marin Bancorp

Hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in Bank of Marin Bancorp during the 3rd quarter valued at $74,000. SG Americas Securities LLC purchased a new position in shares of Bank of Marin Bancorp during the third quarter valued at $122,000. Ballentine Partners LLC purchased a new position in shares of Bank of Marin Bancorp during the fourth quarter valued at $214,000. Hsbc Holdings PLC raised its position in Bank of Marin Bancorp by 21.1% during the second quarter. Hsbc Holdings PLC now owns 12,254 shares of the bank’s stock valued at $199,000 after buying an additional 2,131 shares during the period. Finally, Sei Investments Co. lifted its stake in Bank of Marin Bancorp by 23.3% in the 2nd quarter. Sei Investments Co. now owns 14,275 shares of the bank’s stock worth $231,000 after acquiring an additional 2,700 shares in the last quarter. Hedge funds and other institutional investors own 52.26% of the company’s stock.

Bank of Marin Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Thursday, February 6th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.00%. Bank of Marin Bancorp’s dividend payout ratio is currently -192.31%.

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.