Bank of Marin Bancorp (BMRC) To Go Ex-Dividend on August 6th

Bank of Marin Bancorp (NASDAQ:BMRC – Get Free Report) declared a quarterly dividend on Thursday, July 23rd. Stockholders of record on Thursday, August 6th will be paid a dividend of 0.25 per share by the bank on Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Thursday, August 6th.

Bank of Marin Bancorp has increased its dividend payment by an average of 0.0%annually over the last three years. Bank of Marin Bancorp has a payout ratio of 57.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bank of Marin Bancorp to earn $2.50 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 40.0%.

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Bank of Marin Bancorp Trading Up 0.5%

Shares of BMRC stock opened at $29.30 on Tuesday. Bank of Marin Bancorp has a 1 year low of $21.77 and a 1 year high of $30.92. The firm has a market capitalization of $474.37 million, a PE ratio of -32.20 and a beta of 0.79. The stock has a fifty day moving average of $27.37 and a two-hundred day moving average of $26.48. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.70 and a current ratio of 0.70.

Bank of Marin Bancorp (NASDAQ:BMRC – Get Free Report) last released its quarterly earnings results on Monday, July 27th. The bank reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. Bank of Marin Bancorp had a negative net margin of 7.98% and a positive return on equity of 8.44%. The business had revenue of $33.95 million for the quarter, compared to the consensus estimate of $34.02 million. As a group, research analysts expect that Bank of Marin Bancorp will post 2.31 EPS for the current year.

Bank of Marin Bancorp Company Profile

(Get Free Report)

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.

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