Bank of Marin Bancorp (BMRC) To Go Ex-Dividend on May 7th

Bank of Marin Bancorp (NASDAQ:BMRC) declared a quarterly dividend on Thursday, April 23rd. Stockholders of record on Thursday, May 7th will be given a dividend of 0.25 per share by the bank on Thursday, May 14th. This represents a c) dividend on an annualized basis 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% indicating that its dividend is sufficiently covered by earnings. 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 Stock Down 0.3%

Bank of Marin Bancorp stock opened at $25.70 on Tuesday. The stock has a market cap of $416.08 million, a PE ratio of -12.68 and a beta of 0.82. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.70 and a current ratio of 0.70. Bank of Marin Bancorp has a one year low of $20.25 and a one year high of $28.48. The stock has a fifty day moving average of $25.47 and a 200 day moving average of $26.05.

Bank of Marin Bancorp (NASDAQ:BMRC) last announced its earnings results on Monday, April 27th. The bank reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.03). The firm had revenue of $34.14 million during the quarter, compared to analysts’ expectations of $33.87 million. Bank of Marin Bancorp had a positive return on equity of 7.07% and a negative net margin of 18.58%. As a group, sell-side analysts predict that Bank of Marin Bancorp will post 2.21 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Bank of Marin Bancorp from a “sell” rating to a “strong sell” rating in a report on Saturday. DA Davidson reduced their target price on shares of Bank of Marin Bancorp from $30.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Stephens reiterated an “overweight” rating and issued a $26.00 price target on shares of Bank of Marin Bancorp in a research report on Tuesday, April 28th. Keefe, Bruyette & Woods dropped their price target on shares of Bank of Marin Bancorp from $30.00 to $29.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Finally, Zacks Research downgraded shares of Bank of Marin Bancorp from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Bank of Marin Bancorp currently has an average rating of “Hold” and a consensus target price of $28.40.

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.