Bank of Marin Bancorp (BMRC) to Issue Dividend of $0.21 on November 8th

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Bank of Marin Bancorp (NASDAQ:BMRC) announced a dividend on Friday, October 18th, Fidelity reports. Shareholders of record on Friday, November 1st will be given a dividend of 0.21 per share by the bank on Friday, November 8th. The ex-dividend date is Thursday, October 31st.

Bank of Marin Bancorp stock traded up $0.18 during trading hours on Tuesday, hitting $44.18. 1,676 shares of the stock traded hands, compared to its average volume of 28,224. The firm’s 50-day moving average price is $42.25 and its two-hundred day moving average price is $42.01. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.05. The company has a market cap of $595.12 million, a PE ratio of 18.76 and a beta of 0.55. Bank of Marin Bancorp has a one year low of $38.00 and a one year high of $45.13.

Bank of Marin Bancorp (NASDAQ:BMRC) last posted its quarterly earnings data on Monday, October 21st. The bank reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.08. The business had revenue of $26.87 million for the quarter, compared to analysts’ expectations of $26.19 million. Bank of Marin Bancorp had a return on equity of 10.83% and a net margin of 31.54%. On average, sell-side analysts expect that Bank of Marin Bancorp will post 2.43 earnings per share for the current fiscal year.

BMRC has been the topic of several research reports. Zacks Investment Research raised Bank of Marin Bancorp from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 24th. ValuEngine cut Bank of Marin Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 5th. Finally, BidaskClub raised Bank of Marin Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, October 22nd.

In related news, EVP Peter Pelham sold 3,245 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $43.78, for a total value of $142,066.10. Following the completion of the transaction, the executive vice president now directly owns 6,957 shares in the company, valued at approximately $304,577.46. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 12,300 shares of company stock valued at $517,500. 5.29% of the stock is owned by company insiders.

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 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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