Bank of Marin Bancorp (NASDAQ:BMRC) declared a quarterly dividend on Tuesday, October 27th, Wall Street Journal reports. Investors of record on Friday, November 6th will be paid a dividend of 0.23 per share by the bank on Friday, November 13th. This represents a $0.92 annualized dividend and a yield of 3.06%. The ex-dividend date is Thursday, November 5th.
Bank of Marin Bancorp has raised its dividend by 56.9% over the last three years.
Shares of BMRC stock opened at $30.04 on Thursday. The stock has a 50 day moving average of $30.50 and a 200 day moving average of $31.63. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.01. The stock has a market cap of $408.42 million, a P/E ratio of 12.36 and a beta of 0.85. Bank of Marin Bancorp has a twelve month low of $23.80 and a twelve month high of $47.77.
Bank of Marin Bancorp (NASDAQ:BMRC) last posted its quarterly earnings data on Saturday, October 31st. The bank reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. Bank of Marin Bancorp had a return on equity of 9.34% and a net margin of 29.90%. On average, research analysts predict that Bank of Marin Bancorp will post 2.04 earnings per share for the current fiscal year.
A number of research firms have recently commented on BMRC. ValuEngine cut Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Raymond James restated a “hold” rating on shares of Bank of Marin Bancorp in a research report on Friday, September 4th. Zacks Investment Research cut Bank of Marin Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, September 9th. Janney Montgomery Scott upgraded Bank of Marin Bancorp from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Monday, September 28th. Finally, BidaskClub upgraded Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 7th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $34.00.
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 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.
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