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

Bank of Marin Bancorp (NASDAQ:BMRC) is set to post its quarterly earnings results before the market opens on Monday, April 29th. Analysts expect Bank of Marin Bancorp to post earnings of $0.28 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its quarterly earnings data on Monday, January 29th. The bank reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Bank of Marin Bancorp had a return on equity of 5.63% and a net margin of 13.77%. The company had revenue of $20.98 million for the quarter, compared to analysts’ expectations of $27.50 million. On average, analysts expect Bank of Marin Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Bank of Marin Bancorp Price Performance

Shares of NASDAQ:BMRC opened at $15.44 on Friday. The business’s 50-day moving average is $16.22 and its 200 day moving average is $18.35. Bank of Marin Bancorp has a 1 year low of $12.89 and a 1 year high of $23.24. The firm has a market capitalization of $251.67 million, a P/E ratio of 12.45 and a beta of 0.85.

Analyst Ratings Changes

A number of research analysts have recently weighed in on BMRC shares. DA Davidson cut their price objective on Bank of Marin Bancorp from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 30th. Stephens cut their price objective on Bank of Marin Bancorp from $24.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 30th.

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.