Quarterly Dividend of $0.18 Planned by Bank of Marin Bancorp (BMRC)
Bank of Marin Bancorp (NASDAQ:BMRC) declared a quarterly dividend on Tuesday, January 22nd. Stockholders of record on Friday, February 1st will be given a dividend of $0.18 per share on Friday, February 15th. This represents a $0.72 dividend on an annualized basis and a yield of 1.86%.
On a related note, analysts at Zacks upgraded shares of Bank of Marin Bancorp from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 25th. They now have a $36.80 price target on the stock.
Three investment analysts have rated the stock with a buy rating, one has issued an overweight rating, and three have given a hold rating to the company’s stock. The stock currently has an average rating of “overweight” and a consensus price target of $42.50.
Shares of Bank of Marin Bancorp (BMRC) opened at 38.78 on Tuesday. Bank of Marin Bancorp (BMRC) has a one year low of $34.50 and a one year high of $44.09. The stock’s 50-day moving average is currently $36.7. The company has a market cap of $207.2 million and a P/E ratio of 12.75.
Bank of Marin Bancorp (Bancorp) is a bank holding company. The Company’s business is conducted through its subsidiary, the Bank of Marin (the Bank).
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