Bank of Marin Bancorp (NASDAQ:BMRC – Get Free Report) released its quarterly earnings results on Monday. The bank reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.10), Yahoo Finance reports. Bank of Marin Bancorp had a net margin of 9.28% and a return on equity of 4.11%. The company had revenue of $36.90 million during the quarter, compared to analysts’ expectations of $26.90 million. During the same period in the previous year, the company posted $0.59 earnings per share.
Bank of Marin Bancorp Trading Up 3.1 %
Bank of Marin Bancorp stock opened at $14.81 on Thursday. The business’s 50 day simple moving average is $16.05 and its 200 day simple moving average is $18.28. Bank of Marin Bancorp has a 12 month low of $12.89 and a 12 month high of $23.24. The company has a market cap of $241.40 million, a price-to-earnings ratio of 17.84 and a beta of 0.85.
Bank of Marin Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, May 9th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.75%. Bank of Marin Bancorp’s dividend payout ratio (DPR) is presently 120.48%.
Analyst Upgrades and Downgrades
About Bank of Marin Bancorp
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.
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