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

Bank of Marin Bancorp (NASDAQ:BMRC) declared a quarterly dividend on Thursday, July 23rd. Shareholders of record on Thursday, August 6th will be given a dividend of 0.25 per share by the bank on Thursday, August 13th. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Thursday, August 6th.

Bank of Marin Bancorp has raised its dividend by an average of 0.0%annually 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 analysts expect Bank of Marin Bancorp to earn $2.50 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 40.0%.

Bank of Marin Bancorp Trading Up 0.5%

Shares of BMRC stock opened at $29.30 on Tuesday. The firm has a 50 day moving average price of $27.37 and a two-hundred day moving average price of $26.48. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $474.37 million, a PE ratio of -32.20 and a beta of 0.79. Bank of Marin Bancorp has a 12-month low of $21.77 and a 12-month high of $30.92.

Bank of Marin Bancorp (NASDAQ:BMRC) last issued its quarterly earnings data on Monday, July 27th. The bank reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.06. Bank of Marin Bancorp had a positive return on equity of 8.44% and a negative net margin of 7.98%.The company had revenue of $33.95 million during the quarter, compared to analysts’ expectations of $34.02 million. As a group, analysts predict that Bank of Marin Bancorp will post 2.31 earnings per share for the current year.

Hedge Funds Weigh In On Bank of Marin Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC lifted its stake in Bank of Marin Bancorp by 43.4% during the first quarter. AQR Capital Management LLC now owns 39,735 shares of the bank’s stock worth $877,000 after purchasing an additional 12,019 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Bank of Marin Bancorp by 4,337.9% in the 1st quarter. Jones Financial Companies Lllp now owns 8,432 shares of the bank’s stock valued at $186,000 after purchasing an additional 8,242 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Bank of Marin Bancorp by 8.3% during the 1st quarter. Empowered Funds LLC now owns 25,775 shares of the bank’s stock worth $569,000 after buying an additional 1,981 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Bank of Marin Bancorp during the 1st quarter worth $441,000. Finally, Quantbot Technologies LP bought a new stake in shares of Bank of Marin Bancorp during the 2nd quarter worth $70,000. 52.26% of the stock is currently owned by institutional investors and hedge funds.

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.