What is DA Davidson’s Forecast for BMRC Q4 Earnings?

Bank of Marin Bancorp (NASDAQ:BMRC) – Investment analysts at DA Davidson issued their Q4 2024 EPS estimates for Bank of Marin Bancorp in a research note issued to investors on Wednesday, October 30th. DA Davidson analyst J. Rulis expects that the bank will post earnings per share of $0.29 for the quarter. DA Davidson currently has a “Buy” rating and a $24.00 target price on the stock. The consensus estimate for Bank of Marin Bancorp’s current full-year earnings is $0.47 per share. DA Davidson also issued estimates for Bank of Marin Bancorp’s FY2025 earnings at $1.40 EPS.

A number of other research firms also recently commented on BMRC. Keefe, Bruyette & Woods increased their target price on shares of Bank of Marin Bancorp from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. StockNews.com upgraded Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday.

Bank of Marin Bancorp Stock Down 0.7 %

Shares of Bank of Marin Bancorp stock opened at $22.73 on Thursday. Bank of Marin Bancorp has a 52 week low of $14.11 and a 52 week high of $23.35. The firm’s 50 day moving average is $20.88 and its two-hundred day moving average is $18.24. The firm has a market capitalization of $370.18 million, a P/E ratio of 27.39 and a beta of 0.92.

Bank of Marin Bancorp (NASDAQ:BMRC) last released its earnings results on Monday, October 28th. The bank reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Bank of Marin Bancorp had a negative net margin of 9.09% and a positive return on equity of 3.25%. The firm had revenue of $39.21 million for the quarter, compared to analyst estimates of $27.30 million. During the same period in the prior year, the firm earned $0.33 earnings per share.

Bank of Marin Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, November 7th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date is Thursday, November 7th. Bank of Marin Bancorp’s dividend payout ratio is currently 120.48%.

Hedge Funds Weigh In On Bank of Marin Bancorp

Several institutional investors have recently added to or reduced their stakes in the stock. CWM LLC grew its position in shares of Bank of Marin Bancorp by 129.2% in the second quarter. CWM LLC now owns 1,944 shares of the bank’s stock valued at $31,000 after purchasing an additional 1,096 shares during the last quarter. Riverview Trust Co raised its stake in shares of Bank of Marin Bancorp by 105.5% in the 2nd quarter. Riverview Trust Co now owns 1,950 shares of the bank’s stock valued at $32,000 after acquiring an additional 1,001 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Bank of Marin Bancorp by 348.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,358 shares of the bank’s stock worth $52,000 after purchasing an additional 1,832 shares in the last quarter. SG Americas Securities LLC acquired a new position in Bank of Marin Bancorp during the 3rd quarter worth approximately $122,000. Finally, XTX Topco Ltd purchased a new position in shares of Bank of Marin Bancorp in the second quarter valued at $168,000. Institutional investors and hedge funds own 52.26% of the company’s stock.

Bank of Marin Bancorp Company Profile

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.