Bank of Marin Bancorp Plans Quarterly Dividend of $0.25 (NASDAQ:BMRC)

Key Points

• Bank of Marin Bancorp declared a quarterly dividend of $0.25 per share, payable May 14 to stockholders of record on May 7, representing an annualized yield of 3.9%.
• The dividend is covered by earnings, with a trailing payout ratio of about 57.5% and analysts forecasting $2.47 EPS next year, implying a forward payout ratio near 40.5%.
• In the latest quarter the bank reported $0.53 EPS versus a $0.56 consensus (a miss) while revenue of $34.14M slightly beat estimates; the stock has a market cap of about $417M and a 52‑week range of $20.25–$28.48.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) 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) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, May 7th.

Bank of Marin Bancorp has raised its dividend by an average of 0.0%per year 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 research 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 Price Performance

Shares of BMRC stock opened at $25.78 on Tuesday. Bank of Marin Bancorp has a 1-year low of $20.25 and a 1-year high of $28.48. The stock's 50-day moving average is $25.47 and its 200 day moving average is $26.05. The company has a market cap of $417.38 million, a P/E ratio of -12.76 and a beta of 0.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.70 and a quick ratio of 0.70.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The bank reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $34.14 million for the quarter, compared to the consensus estimate of $33.87 million. Research analysts predict that Bank of Marin Bancorp will post 2.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bank of Marin Bancorp

Several institutional investors have recently added to or reduced their stakes in BMRC. Torren Management LLC acquired a new stake in Bank of Marin Bancorp in the fourth quarter worth about $31,000. Russell Investments Group Ltd. boosted its holdings in Bank of Marin Bancorp by 2,543.8% in the third quarter. Russell Investments Group Ltd. now owns 1,269 shares of the bank's stock worth $31,000 after acquiring an additional 1,221 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Bank of Marin Bancorp by 33.6% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,507 shares of the bank's stock worth $39,000 after acquiring an additional 379 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Bank of Marin Bancorp by 124.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,875 shares of the bank's stock worth $43,000 after acquiring an additional 1,040 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Bank of Marin Bancorp by 88.2% in the third quarter. BNP Paribas Financial Markets now owns 2,893 shares of the bank's stock worth $70,000 after acquiring an additional 1,356 shares in the last quarter. Institutional investors and hedge funds own 52.26% of the company's stock.

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.

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