Bank of Marin Bancorp (NASDAQ:BMRC) to Issue Quarterly Dividend of $0.25

Bank of Marin Bancorp (NASDAQ:BMRC) declared a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Stockholders of record on Thursday, February 6th will be paid a dividend of 0.25 per share by the bank on Thursday, February 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Thursday, February 6th.

Bank of Marin Bancorp has increased its dividend payment by an average of 2.1% per year over the last three years. Bank of Marin Bancorp has a payout ratio of 53.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Bank of Marin Bancorp to earn $1.89 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 52.9%.

Bank of Marin Bancorp Trading Down 2.5 %

Shares of Bank of Marin Bancorp stock opened at $24.65 on Tuesday. Bank of Marin Bancorp has a 1-year low of $14.11 and a 1-year high of $27.11. The firm’s 50-day moving average price is $24.20 and its two-hundred day moving average price is $22.31. The stock has a market capitalization of $396.37 million, a price-to-earnings ratio of -47.40 and a beta of 0.94.

Bank of Marin Bancorp (NASDAQ:BMRC) last released its quarterly earnings results on Monday, January 27th. The bank reported $0.38 EPS for the quarter, beating the consensus estimate of $0.32 by $0.06. Bank of Marin Bancorp had a negative net margin of 5.52% and a positive return on equity of 3.33%. During the same quarter in the previous year, the company earned $0.04 EPS. As a group, equities research analysts predict that Bank of Marin Bancorp will post 1.6 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Stephens reiterated an “overweight” rating and issued a $30.00 target price on shares of Bank of Marin Bancorp in a report on Wednesday, January 29th. StockNews.com raised shares of Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research report on Friday. DA Davidson upgraded shares of Bank of Marin Bancorp from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Thursday, October 10th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Bank of Marin Bancorp from $26.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th.

Bank of Marin Bancorp Company Profile

Bank of Marin Bancorp operates as the holding company for Bank of Marin that provides a range of financial services primarily to small to medium-sized businesses, not-for-profit organizations, and commercial real estate investors in the United States. The company offers personal and business checking and savings accounts; and individual retirement, health savings, and demand deposit marketplace accounts, as well as time certificates of deposit, certificate of deposit account registry, and insured cash sweep services.