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

Bank of Marin Bancorp (NASDAQ:BMRC) declared a quarterly dividend on Thursday, April 24th, Wall Street Journal reports. Investors of record on Thursday, May 8th will be paid a dividend of 0.25 per share by the bank on Thursday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend is Thursday, May 8th.

Bank of Marin Bancorp has raised its dividend payment by an average of 2.1% per year over the last three years. Bank of Marin Bancorp has a dividend payout ratio of 57.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 0.5 %

NASDAQ BMRC opened at $21.25 on Tuesday. Bank of Marin Bancorp has a 12-month low of $14.44 and a 12-month high of $27.11. The company has a fifty day simple moving average of $21.66 and a two-hundred day simple moving average of $23.38. The stock has a market cap of $344.31 million, a P/E ratio of -40.86 and a beta of 0.84.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its quarterly earnings results on Monday, April 28th. The bank reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Bank of Marin Bancorp had a positive return on equity of 3.33% and a negative net margin of 5.52%. The firm had revenue of $35.24 million for the quarter, compared to analyst estimates of $27.99 million. As a group, sell-side analysts forecast that Bank of Marin Bancorp will post 1.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BMRC shares. StockNews.com raised shares of Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Stephens reiterated an “overweight” rating and issued a $26.00 price objective on shares of Bank of Marin Bancorp in a research note on Tuesday, April 29th.

About Bank of Marin Bancorp

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.