Brokerages forecast that Bank of Marin Bancorp (NASDAQ:BMRC) will announce sales of $26.55 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Bank of Marin Bancorp’s earnings. The highest sales estimate is $27.00 million and the lowest is $26.10 million. Bank of Marin Bancorp posted sales of $26.19 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.4%. The business is scheduled to announce its next quarterly earnings results on Monday, July 19th.
On average, analysts expect that Bank of Marin Bancorp will report full year sales of $109.30 million for the current year, with estimates ranging from $107.70 million to $110.90 million. For the next year, analysts forecast that the company will post sales of $134.05 million, with estimates ranging from $132.30 million to $135.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Bank of Marin Bancorp.
Bank of Marin Bancorp (NASDAQ:BMRC) last released its quarterly earnings results on Sunday, April 18th. The bank reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.12. Bank of Marin Bancorp had a net margin of 28.41% and a return on equity of 8.61%.
In other Bank of Marin Bancorp news, Director James C. Hale III bought 5,000 shares of the stock in a transaction on Thursday, April 22nd. The stock was purchased at an average price of $35.76 per share, with a total value of $178,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Elizabeth Reizman sold 1,000 shares of the stock in a transaction dated Wednesday, February 3rd. The stock was sold at an average price of $37.64, for a total transaction of $37,640.00. Following the completion of the transaction, the executive vice president now directly owns 9,886 shares of the company’s stock, valued at approximately $372,109.04. The disclosure for this sale can be found here. 5.23% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the business. Wealthcare Advisory Partners LLC acquired a new position in shares of Bank of Marin Bancorp during the first quarter worth $46,000. Confluence Investment Management LLC increased its holdings in Bank of Marin Bancorp by 7.0% in the 1st quarter. Confluence Investment Management LLC now owns 142,741 shares of the bank’s stock worth $5,590,000 after purchasing an additional 9,378 shares in the last quarter. JPMorgan Chase & Co. raised its position in Bank of Marin Bancorp by 399.3% in the fourth quarter. JPMorgan Chase & Co. now owns 24,716 shares of the bank’s stock valued at $848,000 after purchasing an additional 19,766 shares during the last quarter. Taddei Ludwig & Associates Inc. acquired a new stake in shares of Bank of Marin Bancorp during the fourth quarter valued at about $249,000. Finally, Captrust Financial Advisors bought a new stake in shares of Bank of Marin Bancorp during the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 43.90% of the company’s stock.
NASDAQ BMRC traded up $0.05 during midday trading on Thursday, hitting $35.59. The company had a trading volume of 58,906 shares, compared to its average volume of 48,457. The firm has a 50-day moving average price of $38.61 and a 200-day moving average price of $36.90. The company has a market capitalization of $477.19 million, a PE ratio of 15.52 and a beta of 0.85. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.01. Bank of Marin Bancorp has a twelve month low of $26.59 and a twelve month high of $42.19.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 7th. Shareholders of record on Friday, April 30th will be given a dividend of $0.23 per share. The ex-dividend date is Thursday, April 29th. This represents a $0.92 annualized dividend and a yield of 2.58%. Bank of Marin Bancorp’s dividend payout ratio is currently 37.10%.
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 professionals, small and middle-market businesses, individuals, and not-for-profit organizations in San Francisco Bay Area, California in the United States. The company offers personal and business checking and savings accounts; and time certificates of deposit, individual retirement accounts, health savings accounts, and demand deposit marketplace accounts, as well as certificate of deposit account registry and insured cash sweep services.
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