Bank of Marin Bancorp BMRC.OQ reported quarterly adjusted earnings of 30 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 6 cents. The mean expectation of six analysts for the quarter was for earnings of 34 cents per share. Wall Street expected results to range from 32 cents to 39 cents per share.
Revenue rose 15.3% to $25.91 million from a year ago; analysts expected $26.13 million.
Bank of Marin Bancorp's reported EPS for the quarter was a loss of 53 cents.
The company reported a quarterly loss of $8.54 million.
Bank of Marin Bancorp shares had risen by 4.1% this quarter and held steady so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 3.4% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"
Wall Street's median 12-month price target for Bank of Marin Bancorp is $26.00, about 8.5% above its last closing price of $23.78
This summary was machine generated from LSEG data July 28 at 01:31 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)