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

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) declared a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Stockholders of record on Thursday, February 6th will be paid a dividend of 0.25 per share by the bank on Thursday, February 13th. This represents a $1.00 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend is Thursday, February 6th.

Bank of Marin Bancorp has increased its dividend by an average of 2.1% per year over the last three years. Bank of Marin Bancorp has a payout ratio of 54.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bank of Marin Bancorp to earn $1.88 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 53.2%.

Bank of Marin Bancorp Stock Up 0.4 %

Bank of Marin Bancorp stock traded up $0.09 during mid-day trading on Friday, hitting $25.26. 27,081 shares of the company's stock traded hands, compared to its average volume of 51,487. Bank of Marin Bancorp has a one year low of $14.11 and a one year high of $27.11. The firm has a 50 day moving average price of $24.22 and a 200 day moving average price of $22.26. The company has a market cap of $406.18 million, a PE ratio of -48.39 and a beta of 0.93.

Bank of Marin Bancorp (NASDAQ:BMRC - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The bank reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.06. Bank of Marin Bancorp had a negative net margin of 5.52% and a positive return on equity of 3.33%. During the same period in the prior year, the company earned $0.04 earnings per share. On average, analysts expect that Bank of Marin Bancorp will post 1.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BMRC. DA Davidson upgraded Bank of Marin Bancorp from a "neutral" rating to a "buy" rating and set a $24.00 target price for the company in a research report on Thursday, October 10th. StockNews.com upgraded Bank of Marin Bancorp from a "sell" rating to a "hold" rating in a report on Friday. Keefe, Bruyette & Woods lifted their target price on Bank of Marin Bancorp from $26.00 to $30.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. Finally, Stephens reissued an "overweight" rating and issued a $30.00 price target on shares of Bank of Marin Bancorp in a report on Wednesday.

Bank of Marin Bancorp Company Profile

Bank of Marin Bancorp operates as the holding company for Bank of Marin that provides a range of financial services primarily to small to medium-sized businesses, not-for-profit organizations, and commercial real estate investors in the United States. The company offers personal and business checking and savings accounts; and individual retirement, health savings, and demand deposit marketplace accounts, as well as time certificates of deposit, certificate of deposit account registry, and insured cash sweep services.