Analysts predict that Bank of Marin Bancorp (NASDAQ:BMRC) will report $26.59 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Bank of Marin Bancorp’s earnings, with the lowest sales estimate coming in at $26.15 million and the highest estimate coming in at $26.90 million. Bank of Marin Bancorp reported sales of $25.08 million in the same quarter last year, which would suggest a positive year over year growth rate of 6%. The company is scheduled to report its next quarterly earnings results before the market opens on Monday, July 22nd.

According to Zacks, analysts expect that Bank of Marin Bancorp will report full year sales of $106.43 million for the current fiscal year, with estimates ranging from $104.61 million to $108.60 million. For the next financial year, analysts forecast that the firm will post sales of $112.40 million, with estimates ranging from $109.79 million to $114.80 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Bank of Marin Bancorp.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its earnings results on Monday, April 22nd. The bank reported $0.54 earnings per share for the quarter, missing the 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 for the quarter, compared to analyst estimates of $26.39 million.

Several brokerages have weighed in on BMRC. ValuEngine upgraded shares of Xylem from a “hold” rating to a “buy” rating in a research report on Friday, June 21st. DA Davidson restated a “neutral” rating on shares of Bank of Marin Bancorp in a research report on Tuesday, April 23rd. BidaskClub upgraded shares of Zai Lab from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 28th. Finally, Zacks Investment Research lowered shares of ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Bank of Marin Bancorp presently has an average rating of “Hold” and a consensus price target of $44.75.

In other news, CEO Russell A. Colombo sold 2,553 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $42.10, for a total value of $107,481.30. Following the sale, the chief executive officer now directly owns 65,409 shares in the company, valued at $2,753,718.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter Pelham sold 2,818 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $41.93, for a total transaction of $118,158.74. Following the completion of the sale, the insider now owns 16,981 shares in the company, valued at $712,013.33. The disclosure for this sale can be found here. Insiders sold 5,995 shares of company stock worth $251,505 over the last quarter. Company insiders own 5.29% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its position in shares of Bank of Marin Bancorp by 59.9% in the fourth quarter. Advisory Services Network LLC now owns 606 shares of the bank’s stock valued at $25,000 after purchasing an additional 227 shares during the last quarter. Hanson McClain Inc. acquired a new stake in shares of Bank of Marin Bancorp in the first quarter valued at approximately $37,000. Advisor Group Inc. boosted its position in Bank of Marin Bancorp by 392.2% during the fourth quarter. Advisor Group Inc. now owns 1,132 shares of the bank’s stock worth $47,000 after acquiring an additional 902 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in Bank of Marin Bancorp during the first quarter worth approximately $58,000. Finally, Great West Life Assurance Co. Can boosted its position in Bank of Marin Bancorp by 5,022.9% during the fourth quarter. Great West Life Assurance Co. Can now owns 1,793 shares of the bank’s stock worth $71,000 after acquiring an additional 1,758 shares during the last quarter. Institutional investors and hedge funds own 42.61% of the company’s stock.

BMRC traded down $0.05 on Thursday, hitting $42.24. 436 shares of the company were exchanged, compared to its average volume of 34,746. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.05. The business has a fifty day moving average price of $41.76. Bank of Marin Bancorp has a fifty-two week low of $38.00 and a fifty-two week high of $45.13. The firm has a market capitalization of $581.40 million, a price-to-earnings ratio of 18.17, a P/E/G ratio of 2.51 and a beta of 0.58.

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 and Estimates for Bank of Marin Bancorp (NASDAQ:BMRC)

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