DA Davidson Has Positive Outlook of BMRC FY2026 Earnings

Bank of Marin Bancorp (NASDAQ:BMRC) – Investment analysts at DA Davidson boosted their FY2026 earnings per share (EPS) estimates for Bank of Marin Bancorp in a research report issued to clients and investors on Friday, September 26th. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings per share of $1.86 for the year, up from their prior estimate of $1.85. DA Davidson has a “Buy” rating and a $27.00 price target on the stock. The consensus estimate for Bank of Marin Bancorp’s current full-year earnings is $1.61 per share.

Bank of Marin Bancorp (NASDAQ:BMRC) last released its quarterly earnings data on Monday, July 28th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). Bank of Marin Bancorp had a return on equity of 4.60% and a net margin of 4.43%.The business had revenue of $10.29 million for the quarter, compared to analysts’ expectations of $29.07 million.

Other equities research analysts also recently issued reports about the stock. Piper Sandler boosted their price objective on shares of Bank of Marin Bancorp from $21.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 2nd. Keefe, Bruyette & Woods boosted their price objective on shares of Bank of Marin Bancorp from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.25.

Bank of Marin Bancorp Stock Down 0.1%

BMRC opened at $24.28 on Monday. Bank of Marin Bancorp has a 52-week low of $19.11 and a 52-week high of $27.11. The company has a 50 day moving average of $23.86 and a two-hundred day moving average of $22.69. The company has a market cap of $391.52 million, a P/E ratio of 56.47 and a beta of 0.91.

Bank of Marin Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Thursday, August 7th. Bank of Marin Bancorp’s payout ratio is presently 232.56%.

Bank of Marin Bancorp announced that its board has initiated a stock repurchase plan on Monday, July 28th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the bank to purchase up to 6.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC acquired a new position in shares of Bank of Marin Bancorp during the second quarter worth $1,365,000. Tower Research Capital LLC TRC raised its holdings in Bank of Marin Bancorp by 124.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,875 shares of the bank’s stock valued at $43,000 after acquiring an additional 1,040 shares in the last quarter. HoldCo Asset Management LP acquired a new stake in Bank of Marin Bancorp in the second quarter valued at $9,305,000. Bridgeway Capital Management LLC raised its holdings in Bank of Marin Bancorp by 2.3% in the second quarter. Bridgeway Capital Management LLC now owns 104,909 shares of the bank’s stock valued at $2,396,000 after acquiring an additional 2,321 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in Bank of Marin Bancorp by 12.6% in the second quarter. Bank of America Corp DE now owns 39,782 shares of the bank’s stock valued at $909,000 after acquiring an additional 4,456 shares in the last quarter. 52.26% of the stock is owned by institutional investors and hedge funds.

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 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.