NasdaqCM:BMRC

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet with proven track record and pays a dividend.


Similar Companies

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


Market Performance


7 Day Return

0.6%

NasdaqCM:BMRC

3.3%

US Banks

2.1%

US Market


1 Year Return

-6.0%

NasdaqCM:BMRC

-13.8%

US Banks

-0.04%

US Market

BMRC outperformed the Banks industry which returned -14.8% over the past year.

BMRC underperformed the Market in United States of America which returned 0.2% over the past year.


Share holder returns

BMRCIndustryMarket
7 Day0.6%3.3%2.1%
30 Day-4.7%-7.0%-3.2%
90 Day-0.1%-2.3%2.8%
1 Year-4.3%-6.0%-11.3%-13.8%2.2%-0.04%
3 Year80.6%71.4%42.5%32.7%41.5%32.3%
5 Year87.8%71.6%54.2%37.6%55.0%37.8%

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

Valuation

Is Bank of Marin Bancorp undervalued based on future cash flows and its price relative to the stock market?

16.98x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Bank of Marin Bancorp's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Bank of Marin Bancorp's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Bank of Marin Bancorp is overvalued based on earnings compared to the US Banks industry average.

Bank of Marin Bancorp is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Bank of Marin Bancorp is poor value based on expected growth next year.


Price Based on Value of Assets

Bank of Marin Bancorp is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Bank of Marin Bancorp expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

2.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Bank of Marin Bancorp's revenue is expected to grow by 2.8% yearly, however this is not considered high growth (20% yearly).

Bank of Marin Bancorp's earnings are expected to grow by 2.7% yearly, however this is not considered high growth (20% yearly).

Bank of Marin Bancorp's revenue growth is positive but not above the United States of America market average.

Bank of Marin Bancorp's earnings growth is positive but not above the United States of America market average.

Bank of Marin Bancorp's earnings growth is positive but not above the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Bank of Marin Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Bank of Marin Bancorp performed over the past 5 years?

11.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Bank of Marin Bancorp's year on year earnings growth rate has been positive over the past 5 years.

Bank of Marin Bancorp's 1-year earnings growth exceeds its 5-year average (65.9% vs 11.1%)

Bank of Marin Bancorp's earnings growth has exceeded the US Banks industry average in the past year (65.9% vs 33.2%).


Return on Equity

Bank of Marin Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Bank of Marin Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Bank of Marin Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

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


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Bank of Marin Bancorp has an acceptable proportion of non-loan assets held.

Bank of Marin Bancorp has a sufficient allowance for bad loans.

Bank of Marin Bancorp's liabilities are made up of primarily low risk sources of funding.

Bank of Marin Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Bank of Marin Bancorp are broadly funded by customer deposits.

Bank of Marin Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Bank of Marin Bancorp's current dividend yield, its reliability and sustainability?

2.00%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Bank of Marin Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Bank of Marin Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.5x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Bank of Marin Bancorp's salary, the management and board of directors tenure and is there insider trading?

12.5yrs

Average management tenure


CEO

Russ Colombo (66yo)

13.6yrs

Tenure

US$1,240,162

Compensation

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

Russ's remuneration is lower than average for companies of similar size in United States of America.

Russ's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

12.5yrs

Average Tenure

60.5yo

Average Age

The average tenure for the Bank of Marin Bancorp management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

5.6yrs

Average Tenure

66.5yo

Average Age

The tenure for the Bank of Marin Bancorp board of directors is about average.


Insider Trading

Bank of Marin Bancorp individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$134,88826 Jul 19
Peter Pelham
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Retail Banking - Bank of Marin
Shares3,109
Max PriceUS$43.39
SellUS$16,87625 Jul 19
Peter Pelham
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Retail Banking - Bank of Marin
Shares391
Max PriceUS$43.17
SellUS$25,86510 May 19
Peter Pelham
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Retail Banking - Bank of Marin
Shares624
Max PriceUS$41.45
SellUS$118,15125 Apr 19
Peter Pelham
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Retail Banking - Bank of Marin
Shares2,818
Max PriceUS$41.93
SellUS$107,48125 Apr 19
Russell Colombo
EntityIndividual
Role
Chief Executive Officer
President
Shares2,553
Max PriceUS$42.10
SellUS$214,91408 Feb 19
Russell Colombo
EntityIndividual
Role
Chief Executive Officer
President
Shares5,117
Max PriceUS$42.00
SellUS$147,82431 Aug 18
Peter Pelham
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Retail Banking - Bank of Marin
Shares3,343.03
Max PriceUS$44.22

Ownership Breakdown


Management Team

  • Katharine Baker

    Senior Vice President

    • Tenure: 0.0yrs
    • Compensation: US$199.56k
  • Nancy Boatright (72yo)

    Senior VP & Corporate Secretary

    • Tenure: 12.6yrs
  • Keith Zimmerman

    Senior Vice President

    • Tenure: 0.0yrs
  • Beth Reizman (60yo)

    Executive VP & Chief Credit Officer - Bank of Marin

    • Tenure: 11.6yrs
    • Compensation: US$561.43k
  • Peter Pelham (62yo)

    Executive Vice President of Retail Banking - Bank of Marin

    • Tenure: 14.6yrs
    • Compensation: US$547.74k
  • Patrick London (61yo)

    Executive VP & Director of Private Banking

    • Tenure: 12.5yrs
    • Compensation: US$179.97k
  • Russ Colombo (66yo)

    President

    • Tenure: 13.6yrs
    • Compensation: US$1.24m
  • Tim Myers (48yo)

    Executive Vice President of Commercial Banking - Bank of Marin

    • Tenure: 12.3yrs
    • Compensation: US$522.48k
  • Tani Girton (59yo)

    Executive VP & CFO

    • Tenure: 0.0yrs
    • Compensation: US$596.01k
  • David Merck (56yo)

    Principal Accounting Officer

    • Tenure: 0.3yrs

Board Members

  • Jim Hale (67yo)

    Director

    • Tenure: 5.4yrs
    • Compensation: US$71.00k
  • H. Heller (79yo)

    Director

    • Tenure: 14.6yrs
    • Compensation: US$70.00k
  • Norma Howard (69yo)

    Director

    • Tenure: 12.6yrs
    • Compensation: US$70.00k
  • Joel Sklar (69yo)

    Director

    • Tenure: 30.3yrs
    • Compensation: US$70.00k
  • Brian Sobel (64yo)

    Chairman of the Board

    • Tenure: 4.3yrs
    • Compensation: US$85.00k
  • Russ Colombo (66yo)

    President

    • Tenure: 13.6yrs
    • Compensation: US$1.24m
  • Willie McDevitt (66yo)

    Vice Chairman of the Board

    • Tenure: 4.1yrs
    • Compensation: US$74.00k
  • Kevin Kennedy (52yo)

    Director

    • Tenure: 5.8yrs
    • Compensation: US$65.00k
  • Leslie Murphy (57yo)

    Director

    • Tenure: 2.6yrs
    • Compensation: US$65.00k
  • Steve Barlow (69yo)

    Director

    • Tenure: 1.8yrs
    • Compensation: US$40.62k

Company Information

Bank of Marin Bancorp's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bank of Marin Bancorp
  • Ticker: BMRC
  • Exchange: NasdaqCM
  • Founded: 1989
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$569.335m
  • Shares outstanding: 13.57m
  • Website: https://www.bankofmarin.com

Number of Employees


Location

  • Bank of Marin Bancorp
  • 504 Redwood Boulevard
  • Suite 100
  • Novato
  • California
  • 94947
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BMRCNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDMay 1995

Biography

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- ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 00:04
End of Day Share Price2019/08/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.