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.
No risks detected for BMRC from our risk checks.
Flawless balance sheet established dividend payer.
Share Price & News
How has Bank of Marin Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BMRC has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: BMRC underperformed the US Banks industry which returned 9.8% over the past year.
Return vs Market: BMRC underperformed the US Market which returned 17.8% over the past year.
Price Volatility Vs. Market
How volatile is Bank of Marin Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall StDespite Its High P/E Ratio, Is Bank of Marin Bancorp (NASDAQ:BMRC) Still Undervalued?
3 weeks ago | Simply Wall StWhy You Might Be Interested In Bank of Marin Bancorp (NASDAQ:BMRC) For Its Upcoming Dividend
3 weeks ago | Simply Wall StWhat Percentage Of Bank of Marin Bancorp (NASDAQ:BMRC) Shares Do Insiders Own?
Is Bank of Marin Bancorp undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BMRC ($43.13) is trading below our estimate of fair value ($49.12)
Significantly Below Fair Value: BMRC is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BMRC is poor value based on its PE Ratio (17.2x) compared to the Banks industry average (12.6x).
PE vs Market: BMRC is good value based on its PE Ratio (17.2x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: BMRC is poor value based on its PEG Ratio (9.2x)
Price to Book Ratio
PB vs Industry: BMRC is overvalued based on its PB Ratio (1.7x) compared to the US Banks industry average (1.2x).
How is Bank of Marin Bancorp forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BMRC's forecast earnings growth (1.9% per year) is above the savings rate (1.7%).
Earnings vs Market: BMRC's earnings (1.9% per year) are forecast to grow slower than the US market (14.1% per year).
High Growth Earnings: BMRC's earnings are forecast to grow, but not significantly.
Revenue vs Market: BMRC's revenue (1.7% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: BMRC's revenue (1.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BMRC's Return on Equity is forecast to be low in 3 years time (9.7%).
How has Bank of Marin Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BMRC has high quality earnings.
Growing Profit Margin: BMRC's current net profit margins (33%) are higher than last year (32.1%).
Past Earnings Growth Analysis
Earnings Trend: BMRC's earnings have grown by 13.1% per year over the past 5 years.
Accelerating Growth: BMRC's earnings growth over the past year (5%) is below its 5-year average (13.1% per year).
Earnings vs Industry: BMRC earnings growth over the past year (5%) underperformed the Banks industry 12%.
Return on Equity
High ROE: BMRC's Return on Equity (10.2%) is considered low.
Return on Assets
Return on Capital Employed
How is Bank of Marin Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: BMRC has a low level of unsold assets or inventory.
Debt Coverage by Assets: BMRC's debt is covered by short term assets (assets are 88.7x debt).
Financial Institutions Analysis
Asset Level: BMRC's level of assets compared to its equity is low.
Allowance for Bad Loans: BMRC has a sufficient allowance for bad loans.
Low Risk Liabilities: BMRC's liabilities are made up of primarily low risk sources of funding.
Loan Level: BMRC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: BMRC's loans are broadly funded by customer deposits.
Level of Bad Loans: BMRC has an appropriate level of bad loans (0.01%)
What is Bank of Marin Bancorp's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BMRC's dividend (2.13%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: BMRC's dividend (2.13%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
Stable Dividend: BMRC's dividends per share have been stable in the past 10 years.
Growing Dividend: BMRC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (31.8%), BMRC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BMRC's dividends in 3 years are forecast to be well covered by earnings (36.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Russ Colombo (66yo)
Mr. Russell A. Colombo has been President, Chief Executive Officer and Director of Bank of Marin (the “Bank”) since 2006. He joined Bank of Marin in March 2004 as Executive Vice President and Branch Admini ...
CEO Compensation Analysis
Compensation vs Market: Russ's total compensation ($USD1.24M) is about average for companies of similar size in the US market ($USD1.67M).
Compensation vs Earnings: Russ's compensation has been consistent with company performance over the past year.
|Executive VP & CFO||0yrs||US$596.01k||0.21% $1.2m|
|Executive VP & Chief Credit Officer - Bank of Marin||12.1yrs||US$561.43k||0.38% $2.2m|
|Executive Vice President of Retail Banking - Bank of Marin||15.1yrs||US$547.74k||0.18% $1.1m|
|Executive Vice President of Commercial Banking - Bank of Marin||12.8yrs||US$522.48k||0.18% $1.1m|
|Principal Accounting Officer||0.8yrs||no data||0.0050% $29.4k|
|Senior VP & Corporate Secretary - Bank of Marin||13.1yrs||no data||no data|
|Senior Vice President||0yrs||US$199.56k||no data|
|Senior Vice President||0yrs||no data||no data|
|Executive VP & Director of Private Banking||13yrs||US$179.97k||no data|
Experienced Management: BMRC's management team is seasoned and experienced (13 years average tenure).
|Independent Director||5.9yrs||US$71.00k||0.029% $171.7k|
|Independent Director||15.1yrs||US$70.00k||0.10% $587.6k|
|Independent Director||13.1yrs||US$70.00k||0.25% $1.4m|
|Independent Director||30.8yrs||US$70.00k||0.86% $5.0m|
|Chairman of the Board||4.8yrs||US$85.00k||0.18% $1.0m|
|Vice Chairman of the Board||4.6yrs||US$74.00k||0.21% $1.2m|
|Independent Director||6.3yrs||US$65.00k||0.14% $828.4k|
|Independent Director||3.1yrs||US$65.00k||0.073% $427.6k|
|Independent Director||2.3yrs||US$40.62k||0.021% $120.7k|
Experienced Board: BMRC's board of directors are considered experienced (6.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BMRC insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Bank of Marin Bancorp's company bio, employee growth, exchange listings and data sources
- Name: Bank of Marin Bancorp
- Ticker: BMRC
- Exchange: NasdaqCM
- Founded: 1989
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$582.496m
- Shares outstanding: 13.51m
- Website: https://www.bankofmarin.com
Number of Employees
- Bank of Marin Bancorp
- 504 Redwood Boulevard
- Suite 100
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BMRC||NasdaqCM (Nasdaq Capital Market)||Yes||Common Stock||US||USD||May 1995|
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. It also provides commercial real estate, commercial and industrial, and consumer loans, as well as construction financing and home equity lines of credit. In addition, the company offers merchant card and cash management services; credit cards; mobile deposit, remote deposit capture, automated clearing house, and image lockbox services, as well as wire transfers; fraud detection tools; and valet pick-up service for non-cash deposits. Further, it provides wealth management and trust services comprising customized investment portfolio management, trust administration, estate settlement, and custody services, as well as 401(k) plan services; and automated teller machines, and telephone and Internet banking services. The company operates 23 offices in Marin, Sonoma, San Francisco, Napa, and Alameda counties. Bank of Marin Bancorp was founded in 1989 and is headquartered in Novato, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/24 02:40|
|End of Day Share Price||2020/02/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.