Bank of Marin Bancorp (NASDAQ:BMRC) Announces Earnings Results, Beats Expectations By $0.06 EPS

Bank of Marin Bancorp (NASDAQ:BMRCGet Free Report) announced its earnings results on Monday. The bank reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06, Zacks reports. Bank of Marin Bancorp had a positive return on equity of 3.05% and a negative net margin of 9.49%.

Bank of Marin Bancorp Trading Up 2.4 %

Shares of NASDAQ:BMRC opened at $24.57 on Monday. The firm has a market cap of $395.01 million, a price-to-earnings ratio of -28.47 and a beta of 0.93. The stock’s 50-day moving average price is $24.28 and its two-hundred day moving average price is $22.14. Bank of Marin Bancorp has a 12-month low of $14.11 and a 12-month high of $27.11.

Analysts Set New Price Targets

BMRC has been the topic of a number of analyst reports. DA Davidson raised Bank of Marin Bancorp from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Thursday, October 10th. Keefe, Bruyette & Woods raised their price target on shares of Bank of Marin Bancorp from $26.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. StockNews.com lowered shares of Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Stephens restated an “overweight” rating and set a $30.00 target price on shares of Bank of Marin Bancorp in a research report on Thursday, January 2nd.

Check Out Our Latest Analysis on Bank of Marin Bancorp

About Bank of Marin Bancorp

(Get Free Report)

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.

See Also

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

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