Stock analysts expect Bank of Marin Bancorp Inc (NASDAQ:BMRC) to post earnings per share (EPS) of $0.64 for the current fiscal quarter, according to Zacks Investment Research. Three analysts provided earnings estimates for Bank of Marin Bancorp. The lowest EPS estimate is $0.63 and the highest is $0.65. Bank of Marin Bancorp reported earnings per share of $0.66 in the same quarter last year, which would indicate a negative 3% year-over-year growth rate. The company is due to announce its next earnings report on Monday, April 18.

According to Zacks, analysts expect Bank of Marin Bancorp to report annual earnings of $2.68 per share for the current fiscal year, with EPS estimates ranging from $2.61 to $2.75. For the next fiscal year, analysts expect the company to post earnings of $2.89 per share, with EPS estimates ranging from $2.84 to $3.00. Zacks earnings per share averages are an average based on a survey of sell-side research analysts who provide coverage for Bank of Marin Bancorp.

Bank of Marin Bancorp Inc (NASDAQ:BMRC) last reported results on Monday, January 24. The bank reported EPS of $0.61 for the quarter, beating analysts’ consensus estimate of $0.60 by $0.01. Bank of Marin Bancorp posted a net margin of 28.04% and a return on equity of 9.83%. In the same quarter of the previous year, the company achieved EPS of $0.60.

A number of stock analysts have commented on BMRC’s actions. Stephens began covering Bank of Marin Bancorp shares in a research note on Tuesday, December 28. They set an “equal weight” rating and a target price of $40.00 on the stock. Zacks Investment Research moved Bank of Marin Bancorp shares from a “hold” rating to a “buy” rating and set a target price of $43.00 on the stock in a research note on Wednesday, January 26 .

In other Bank of Marin Bancorp news, Director Russell A. Colombo sold 7,113 shares of the company in a trade on Monday, January 31. The shares were sold at an average price of $37.12, for a total value of $264,034.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, director Russell A. Colombo sold 9,000 shares of the company in a trade on Monday, January 3. The stock was sold at an average price of $37.43, for a total value of $336,870.00. The disclosure of this sale can be found here. Insiders sold a total of 25,113 shares of the company worth $933,905 in the past three months. Insiders own 5.59% of the shares of the company.

Hedge funds and other institutional investors have recently changed their positions in the company. BlackRock Inc. increased its stake in shares of Bank of Marin Bancorp by 15.5% in the third quarter. BlackRock Inc. now owns 1,198,048 shares of the bank valued at $45,226,000 after acquiring an additional 160,585 shares last quarter. The Manufacturers Life Insurance Company increased its stake in Bank of Marin Bancorp by 46.0% in the third quarter. The Manufacturers Life Insurance Company now owns 657,048 shares of the bank valued at $24,804,000 after purchasing an additional 207,060 shares last quarter. Assenagon Asset Management SA acquired a new stake in Bank of Marin Bancorp in the third quarter at a value of $1,064,000. Public Employees Retirement System of Ohio increased its stake in Bank of Marin Bancorp by 73.3% in the second quarter. The Ohio Public Employees Retirement System now owns 6,188 shares of the bank valued at $197,000 after buying 2,618 more shares last quarter. Finally, First Trust Advisors LP increased its stake in Bank of Marin Bancorp by 546.3% in the second quarter. First Trust Advisors LP now owns 42,818 shares of the bank valued at $1,366,000 after buying 36,193 additional shares last quarter. Institutional investors and hedge funds hold 47.93% of the company’s shares.

BMRC stock traded down $0.06 during Friday’s session, hitting $36.66. 31,890 shares were traded, against an average volume of 39,444. The stock has a 50-day simple moving average of $37.29. Bank of Marin Bancorp has a 1-year low of $30.69 and a 1-year high of $42.00. The stock has a market capitalization of $587.04 million, a price-earnings ratio of 15.73 and a beta of 0.74.

The company also recently declared a quarterly dividend, which was paid on Friday, February 11. Shareholders of record on Friday, February 4 received a dividend of $0.24. This represents a dividend of $0.96 on an annualized basis and a dividend yield of 2.62%. The ex-dividend date was Thursday, February 3. Bank of Marin Bancorp’s dividend payout ratio (DPR) is 41.20%.

About Bank of Marin Bancorp

Bank of Marin Bancorp is a bank holding company, which operates through Bank of Marin, provides financial services to customers. It offers traditional retail banking activities and wealth and trust management services; personal and business checking and savings accounts; certificates of deposit; individual retirement accounts; health savings accounts; deposit account certificate registration services; accounts insured in the remittance market and demand deposits.

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