* Bank of Marin Bancorp reported quarterly adjusted earnings of 28 cents per share for the quarter ended January 1, lower than the same quarter last year, when the company reported EPS of 33 cents. The mean expectation of six analysts for the quarter was for earnings of 27 cents per share. Wall Street expected results to range from 22 cents to 32 cents per share.
* Revenue fell 0.8% to $24.27 million from a year ago; analysts expected $24.92 million.
* Bank of Marin Bancorp's reported EPS for the quarter was 28 cents.
* The company reported quarterly net income of $4.57 million.
* Bank of Marin Bancorp shares had risen by 8.5% this quarter and lost 1.0% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 8.6% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 3 "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 $23.00 This summary was machine generated from LSEG data October 28 at 07:53 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.27 0.28 Beat
Jun. 30 2024 0.18 0.06 Missed
Mar. 31 2024 0.18
Dec. 31 2023 0.32 0.04 Missed
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