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

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Bank of Marin Bancorp (NASDAQ:BMRC) will issue its quarterly earnings data before the market opens on Monday, July 22nd. Analysts expect the company to announce earnings of $0.60 per share for the quarter.

Bank of Marin Bancorp (NASDAQ:BMRC) last posted its quarterly earnings data on Monday, April 22nd. The bank reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.11). Bank of Marin Bancorp had a return on equity of 10.79% and a net margin of 31.44%. The company had revenue of $25.62 million during the quarter, compared to the consensus estimate of $26.39 million. On average, analysts expect Bank of Marin Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of NASDAQ BMRC opened at $42.48 on Friday. Bank of Marin Bancorp has a one year low of $38.00 and a one year high of $45.13. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.86 and a quick ratio of 0.86. The company’s 50 day simple moving average is $41.90. The company has a market capitalization of $584.10 million, a PE ratio of 18.23, a P/E/G ratio of 2.50 and a beta of 0.58.

A number of analysts recently commented on BMRC shares. Zacks Investment Research raised Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Tuesday, July 16th. ValuEngine raised Xylem from a “hold” rating to a “buy” rating in a research report on Friday, June 21st. BidaskClub upgraded Zai Lab from a “buy” rating to a “strong-buy” rating in a report on Friday, June 28th. Finally, DA Davidson reiterated a “neutral” rating on shares of Bank of Marin Bancorp in a report on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $44.75.

In other Bank of Marin Bancorp news, insider Peter Pelham sold 624 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $41.45, for a total value of $25,864.80. Following the completion of the sale, the insider now directly owns 16,357 shares in the company, valued at approximately $677,997.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Russell A. Colombo sold 2,553 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $42.10, for a total value of $107,481.30. Following the sale, the chief executive officer now owns 65,409 shares of the company’s stock, valued at $2,753,718.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,995 shares of company stock worth $251,505. Corporate insiders own 5.29% of the company’s stock.

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 California, 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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Earnings History for Bank of Marin Bancorp (NASDAQ:BMRC)

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