Bank of Marin Bancorp (NASDAQ:BMRC) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) issued its quarterly earnings results on Monday. The bank reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02), Zacks reports. The business had revenue of $35.24 million for the quarter, compared to analyst estimates of $27.99 million. Bank of Marin Bancorp had a positive return on equity of 3.33% and a negative net margin of 5.52%.

Bank of Marin Bancorp Price Performance

Bank of Marin Bancorp stock traded up $0.63 during trading hours on Friday, hitting $21.36. 53,316 shares of the stock traded hands, compared to its average volume of 75,468. Bank of Marin Bancorp has a 1 year low of $14.44 and a 1 year high of $27.11. The stock has a market capitalization of $346.10 million, a price-to-earnings ratio of -41.08 and a beta of 0.84. The firm's 50 day moving average price is $21.72 and its 200-day moving average price is $23.38.

Bank of Marin Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.00 dividend on an annualized basis and a yield of 4.68%. Bank of Marin Bancorp's dividend payout ratio is currently -192.31%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BMRC shares. StockNews.com upgraded Bank of Marin Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Stephens reaffirmed an "overweight" rating and issued a $26.00 price objective on shares of Bank of Marin Bancorp in a research report on Tuesday.

Bank of Marin Bancorp Company Profile

Bank of Marin Bancorp operates as the holding company for Bank of Marin that provides a range of financial services primarily to small to medium-sized businesses, not-for-profit organizations, and commercial real estate investors in the United States. The company offers personal and business checking and savings accounts; and individual retirement, health savings, and demand deposit marketplace accounts, as well as time certificates of deposit, certificate of deposit account registry, and insured cash sweep services.