
Bank of Marin Bancorp (NASDAQ:BMRC) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

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Bank of Marin Bancorp (NASDAQ:BMRC) reported quarterly earnings of $0.59 per share, exceeding analysts' expectations of $0.50 by $0.09. The bank's revenue was $35.47 million, surpassing the estimated $32.96 million. It achieved a net margin of 6.22% and a return on equity of 5.25%. Analysts have given the stock a consensus rating of "Moderate Buy" with an average target price of $28.40. Institutional investors hold 52.26% of the stock, with significant increases in holdings from major firms during the third quarter.
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