Bank of Marin Bancorp (BMRC) To Go Ex-Dividend on May 7th

Bank of Marin Bancorp (NASDAQ:BMRC) declared a quarterly dividend on Thursday, April 23rd. Stockholders of record on Thursday, May 7th will be paid a dividend of 0.25 per share by the bank on Thursday, May 14th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, May 7th.

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% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bank of Marin Bancorp to earn $2.47 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 40.5%.

Bank of Marin Bancorp Trading Up 0.5%

Shares of BMRC traded up $0.12 on Tuesday, reaching $25.90. 29,323 shares of the company’s stock were exchanged, compared to its average volume of 106,314. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $419.39 million, a P/E ratio of -12.86 and a beta of 0.82. The business has a 50 day moving average price of $25.47 and a two-hundred day moving average price of $26.05. Bank of Marin Bancorp has a 12 month low of $20.25 and a 12 month high of $28.48.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its earnings results on Monday, April 27th. The bank reported $0.53 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.03). Bank of Marin Bancorp had a negative net margin of 18.58% and a positive return on equity of 7.07%. The firm had revenue of $34.14 million during the quarter, compared to the consensus estimate of $33.87 million. Research analysts anticipate that Bank of Marin Bancorp will post 2.21 earnings per share for the current year.

Analyst Ratings Changes

BMRC has been the subject of several recent analyst reports. Zacks Research downgraded shares of Bank of Marin Bancorp from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Wall Street Zen downgraded shares of Bank of Marin Bancorp from a “sell” rating to a “strong sell” rating in a research note on Saturday. DA Davidson lowered their target price on shares of Bank of Marin Bancorp from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Stephens reaffirmed an “equal weight” rating and issued a $26.00 target price on shares of Bank of Marin Bancorp in a research note on Tuesday. Finally, Weiss Ratings raised shares of Bank of Marin Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, April 17th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Bank of Marin Bancorp presently has an average rating of “Hold” and a consensus price target of $28.40.

Bank of Marin Bancorp Company Profile

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.