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

Bank of Marin Bancorp (NASDAQ:BMRC) declared a quarterly dividend on Thursday, January 22nd. Shareholders of record on Thursday, February 5th will be paid a dividend of 0.25 per share by the bank on Thursday, February 12th. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, February 5th.

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% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bank of Marin Bancorp to earn $1.89 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 52.9%.

Bank of Marin Bancorp Trading Down 0.5%

NASDAQ:BMRC traded down $0.13 during midday trading on Tuesday, reaching $27.28. The company had a trading volume of 21,782 shares, compared to its average volume of 101,810. Bank of Marin Bancorp has a 12-month low of $19.14 and a 12-month high of $28.48. The firm has a market capitalization of $438.94 million, a price-to-earnings ratio of -12.12 and a beta of 0.88. The stock’s fifty day simple moving average is $26.81 and its 200-day simple moving average is $25.19.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its earnings results on Monday, January 26th. The bank reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.08. The firm had revenue of ($35.47) million for the quarter, compared to analysts’ expectations of $32.96 million. Bank of Marin Bancorp had a negative net margin of 21.76% and a positive return on equity of 6.00%. As a group, sell-side analysts expect that Bank of Marin Bancorp will post 1.61 EPS for the current year.

Institutional Investors Weigh In On Bank of Marin Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Torren Management LLC acquired a new stake in shares of Bank of Marin Bancorp during the 4th quarter valued at about $31,000. Russell Investments Group Ltd. increased its holdings in Bank of Marin Bancorp by 2,543.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,269 shares of the bank’s stock valued at $31,000 after purchasing an additional 1,221 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Bank of Marin Bancorp by 124.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,875 shares of the bank’s stock valued at $43,000 after purchasing an additional 1,040 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in Bank of Marin Bancorp in the second quarter worth $69,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Bank of Marin Bancorp by 88.2% during the third quarter. BNP Paribas Financial Markets now owns 2,893 shares of the bank’s stock worth $70,000 after purchasing an additional 1,356 shares during the last quarter. 52.26% of the stock is owned by institutional investors and hedge funds.

About Bank of Marin Bancorp

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.