Bank of Marin Bancorp (BMRC) To Go Ex-Dividend on November 5th

Bank of Marin Bancorp (NASDAQ:BMRC) announced a quarterly dividend on Thursday, October 22nd. Stockholders of record on Thursday, November 5th will be paid a dividend of $0.25 per share by the bank on Thursday, November 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Thursday, November 5th.

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 $2.46 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 40.7%.

Bank of Marin Bancorp Stock Up 3.0%

Shares of NASDAQ BMRC opened at $29.21 on Tuesday. The firm’s 50-day simple moving average is $27.39 and its 200 day simple moving average is $26.82. The company has a market cap of $472.91 million, a price-to-earnings ratio of -38.43 and a beta of 0.82. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.11. Bank of Marin Bancorp has a 12-month low of $23.35 and a 12-month high of $30.92.

Bank of Marin Bancorp (NASDAQ:BMRC) last released its quarterly earnings results on Monday, October 26th. The bank reported $0.62 EPS for the quarter, beating the consensus estimate of $0.57 by $0.05. Bank of Marin Bancorp had a negative net margin of 6.48% and a positive return on equity of 9.38%. The business had revenue of $35.07 million for the quarter, compared to analysts’ expectations of $35.11 million. On average, research analysts expect that Bank of Marin Bancorp will post 2.33 earnings per share for the current fiscal year.

Bank of Marin Bancorp Company Profile

Bank of Marin Bancorp is the holding company for Bank of Marin, a community bank headquartered in Novato, California. The bank provides financial services to individuals, families, professionals, nonprofit organizations and businesses, with a focus on relationship-based commercial banking.

Its products and services include business and personal checking and savings accounts, commercial and residential real estate loans, construction and commercial lending, small-business loans, consumer credit, cash-management services, online and mobile banking, and wealth management and trust services.