Bank of Marin Bancorp (BMRC) to Issue Quarterly Dividend of $0.25 on November 12th

Bank of Marin Bancorp (NASDAQ:BMRC) announced a quarterly dividend on Thursday, October 22nd. Investors 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 yield of 3.4%. The ex-dividend date of this dividend 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 Performance

NASDAQ:BMRC opened at $29.21 on Tuesday. The business has a 50 day moving average of $27.39 and a 200 day moving average of $26.82. The company has a market capitalization of $472.91 million, a price-to-earnings ratio of -38.43 and a beta of 0.82. Bank of Marin Bancorp has a 1-year low of $23.35 and a 1-year high of $30.92. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.72 and a quick ratio of 0.72.

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

About Bank of Marin Bancorp

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.