DA Davidson Reaffirms Buy Rating for Bank of Marin Bancorp (NASDAQ:BMRC)

Bank of Marin Bancorp (NASDAQ:BMRC)‘s stock had its “buy” rating restated by DA Davidson in a research note issued on Tuesday, Benzinga reports. They presently have a $34.00 price objective on the bank’s stock. DA Davidson‘s price objective points to a potential upside of 19.40% from the stock’s current price.

Several other analysts also recently commented on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bank of Marin Bancorp in a research note on Friday, September 25th. Piper Sandler reaffirmed a “neutral” rating and set a $29.00 price target (down from $30.00) on shares of Bank of Marin Bancorp in a research report on Thursday, October 1st. Keefe, Bruyette & Woods lifted their price objective on Bank of Marin Bancorp from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Tuesday, August 4th. Brean Capital cut Bank of Marin Bancorp from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a research note on Tuesday, July 28th. Finally, Stephens set a $30.00 target price on Bank of Marin Bancorp and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $31.33.

Bank of Marin Bancorp Price Performance

BMRC traded up $0.68 during midday trading on Tuesday, reaching $28.48. 64,452 shares of the company’s stock were exchanged, compared to its average volume of 127,496. Bank of Marin Bancorp has a one year low of $23.35 and a one year high of $30.92. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.11. The business has a 50-day simple moving average of $27.26 and a two-hundred day simple moving average of $26.74. The firm has a market capitalization of $461.12 million, a price-to-earnings ratio of -31.30 and a beta of 0.82.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its earnings results on Monday, October 26th. The bank reported $0.62 EPS for the quarter, topping the consensus estimate of $0.57 by $0.05. The business had revenue of $35.07 million for the quarter, compared to the consensus estimate of $35.11 million. Bank of Marin Bancorp had a positive return on equity of 8.51% and a negative net margin of 7.98%. As a group, research analysts predict that Bank of Marin Bancorp will post 2.28 EPS for the current year.

Institutional Trading of Bank of Marin Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. Lodestar Private Asset Management LLC lifted its position in shares of Bank of Marin Bancorp by 8.4% during the 3rd quarter. Lodestar Private Asset Management LLC now owns 11,005 shares of the bank’s stock worth $298,000 after buying an additional 849 shares in the last quarter. Squarepoint Ops LLC boosted its position in Bank of Marin Bancorp by 109.8% in the second quarter. Squarepoint Ops LLC now owns 32,763 shares of the bank’s stock worth $908,000 after purchasing an additional 17,143 shares during the last quarter. United Capital Financial Advisors LLC purchased a new position in Bank of Marin Bancorp in the second quarter worth $960,000. Bank of America Corp DE bought a new position in Bank of Marin Bancorp in the 2nd quarter valued at $678,000. Finally, Legal & General Group Plc bought a new position in Bank of Marin Bancorp in the 2nd quarter valued at $43,000. 52.26% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Bank of Marin Bancorp

Here are the key news stories impacting Bank of Marin Bancorp this week:

• Positive Sentiment: Third-quarter EPS beat estimates: BMRC reported earnings of $0.62 per share, exceeding the $0.57 consensus estimate and rising from $0.47 a year earlier. The result suggests improved profitability and is likely the primary catalyst for the stock’s recent increase. Bank of Marin Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Margin outlook improved: Management outlined an expected loan-yield benefit of approximately 25 basis points per month over the next year, creating potential tailwinds for net interest margins and future earnings. Bank of Marin Outlines Loan-Yield Benefit
• Positive Sentiment: DA Davidson reaffirmed its Buy rating and set a $34 price target, implying roughly 20% upside from the referenced share price. The endorsement reinforces the favorable post-earnings outlook. DA Davidson Stock Recommendations
• Positive Sentiment: Dividend maintained: The bank declared a quarterly dividend of $0.25 per share, or $1.00 annualized, representing an indicated yield of approximately 3.6%. The payment is scheduled for November 12, 2026, for shareholders of record on November 5. Bank of Marin Declares Quarterly Cash Dividend
• Neutral Sentiment: Revenue was essentially in line: Quarterly revenue was $35.07 million versus the $35.11 million consensus estimate, limiting the significance of the earnings beat on the top line.
• Neutral Sentiment: Credit results require monitoring: The company reported third-quarter net charge-offs, but the available update does not provide enough detail to determine whether credit quality materially improved or deteriorated. Bank of Marin Reports Third-Quarter Net Charge-Offs
• Neutral Sentiment: Short-interest data shows no apparent bearish positioning: Reported short interest was zero shares as of October 26, although this is not itself an operating catalyst.

Bank of Marin Bancorp Company Profile

Bank of Marin Bancorp is the holding company for Bank of Marin, a community bank headquartered in Novato, California. The bank provides financial services to individuals, families, professionals, nonprofit organizations and businesses, with a focus on relationship-based commercial banking.

Its products and services include business and personal checking and savings accounts, commercial and residential real estate loans, construction and commercial lending, small-business loans, consumer credit, cash-management services, online and mobile banking, and wealth management and trust services.