Bank of Marin Bancorp (NASDAQ:BMRC) released its quarterly earnings results on Sunday. The bank reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.12, MarketWatch Earnings reports. Bank of Marin Bancorp had a net margin of 28.41% and a return on equity of 8.61%.
BMRC stock traded down $0.26 during mid-day trading on Tuesday, hitting $39.68. The company had a trading volume of 1,695 shares, compared to its average volume of 35,704. The firm has a market cap of $540.28 million, a PE ratio of 17.44 and a beta of 0.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.92 and a current ratio of 0.92. Bank of Marin Bancorp has a 12 month low of $23.80 and a 12 month high of $45.76. The stock’s fifty day moving average price is $37.52 and its two-hundred day moving average price is $33.50.
BMRC has been the topic of a number of recent analyst reports. Janney Montgomery Scott lowered shares of Bank of Marin Bancorp from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 16th. Zacks Investment Research lowered shares of Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, December 29th.
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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