Bank of Marin Bancorp (NASDAQ:BMRC) declared a quarterly dividend on Friday, July 19th, NASDAQ reports. Investors of record on Friday, August 2nd will be given a dividend of 0.21 per share by the bank on Friday, August 9th. This represents a $0.84 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Thursday, August 1st. This is a positive change from Bank of Marin Bancorp’s previous quarterly dividend of $0.19.

Bank of Marin Bancorp has increased its dividend by an average of 12.2% annually over the last three years and has raised its dividend every year for the last 10 years. Bank of Marin Bancorp has a dividend payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Bank of Marin Bancorp to earn $2.56 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 32.8%.

Bank of Marin Bancorp stock opened at $43.51 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $604.52 million, a P/E ratio of 18.67, a PEG ratio of 2.63 and a beta of 0.58. Bank of Marin Bancorp has a one year low of $38.00 and a one year high of $45.13. The stock’s 50 day moving average is $42.32.

Bank of Marin Bancorp (NASDAQ:BMRC) last posted its earnings results on Monday, July 22nd. The bank reported $0.60 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The business had revenue of $26.06 million during the quarter, compared to the consensus estimate of $26.59 million. Bank of Marin Bancorp had a return on equity of 10.80% and a net margin of 31.30%. On average, sell-side analysts anticipate that Bank of Marin Bancorp will post 2.39 EPS for the current year.

In related news, insider Peter Pelham sold 624 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $41.45, for a total transaction of $25,864.80. Following the completion of the transaction, the insider now owns 16,357 shares in the company, valued at approximately $677,997.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.29% of the stock is owned by company insiders.

BMRC has been the subject of several analyst reports. Zacks Investment Research downgraded Eisai from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 24th. ValuEngine upgraded Xylem from a “hold” rating to a “buy” rating in a research report on Friday, June 21st. DA Davidson restated a “neutral” rating on shares of Bank of Marin Bancorp in a research report on Tuesday, April 23rd. Finally, BidaskClub upgraded Zai Lab from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 28th.

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 professionals, small and middle-market businesses, individuals, and not-for-profit organizations in California, the United States. The company offers personal and business checking and savings accounts; and time certificates of deposit, individual retirement accounts, health savings accounts, and demand deposit marketplace accounts, as well as certificate of deposit account registry and insured cash sweep services.

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Dividend History for Bank of Marin Bancorp (NASDAQ:BMRC)

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