Bank of Marin Bancorp (NASDAQ:BMRC) Shareholders to Get $0.25 Quarterly Dividend

Key Points

• Bank of Marin Bancorp declared a quarterly dividend of $0.25 per share, payable November 12 to shareholders of record on November 5. The annualized dividend is $1.00 per share, implying a 3.4% yield.
• The dividend appears supported by earnings, with a current payout ratio of 57.5% and an expected future payout ratio of 40.7% based on projected earnings of $2.46 per share.
• Bank of Marin reported quarterly EPS of $0.62, exceeding analyst expectations of $0.57, while revenue of $35.07 million was roughly in line with estimates.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) declared a quarterly dividend on Thursday, October 22nd. Shareholders 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 is Thursday, November 5th.

Bank of Marin Bancorp has a dividend payout ratio of 57.5% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 3.0%

Shares of BMRC opened at $29.21 on Tuesday. Bank of Marin Bancorp has a 52-week low of $23.35 and a 52-week high of $30.92. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a fifty day moving average price of $27.39 and a two-hundred day moving average price of $26.82. The company has a market cap of $472.91 million, a price-to-earnings ratio of 12.45 and a beta of 0.82.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last issued its 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. The company had revenue of $35.07 million during the quarter, compared to analysts' expectations of $35.11 million. Bank of Marin Bancorp had a negative net margin of 6.48% and a positive return on equity of 9.38%. Analysts predict that Bank of Marin Bancorp will post 2.33 EPS 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.

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