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

Bank of Marin Bancorp (NASDAQ:BMRC) announced a quarterly dividend on Thursday, January 22nd. Stockholders of record on Thursday, February 5th will be given a dividend of 0.25 per share by the bank on Thursday, February 12th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Thursday, February 5th.

Bank of Marin Bancorp has increased its dividend by an average of 0.0%annually 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. 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 Stock Up 2.1%

Shares of NASDAQ:BMRC opened at $27.41 on Tuesday. Bank of Marin Bancorp has a 52 week low of $19.14 and a 52 week high of $28.48. The company’s fifty day moving average is $26.81 and its 200 day moving average is $25.19. The stock has a market cap of $441.03 million, a PE ratio of -12.18 and a beta of 0.88.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its quarterly earnings data on Monday, January 26th. The bank reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. The business had revenue of ($35.47) million for the quarter, compared to the consensus estimate of $32.96 million. Bank of Marin Bancorp had a negative net margin of 21.76% and a positive return on equity of 6.00%. Sell-side analysts anticipate that Bank of Marin Bancorp will post 1.61 EPS for the current year.

About Bank of Marin Bancorp

Bank of Marin Bancorp is the bank holding company for Bank of Marin, a community-oriented financial institution headquartered in Novato, California. Through its subsidiary, the company provides a broad range of banking services to individuals, small and medium-sized businesses, and nonprofit organizations. Its operating philosophy emphasizes personalized service and strong local relationships across the San Francisco North Bay region.

The company’s core product offerings include deposit accounts such as checking, savings, money market and time certificates of deposit.