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

Bank of Marin Bancorp (NASDAQ:BMRC) announced a quarterly dividend on Thursday, January 22nd. Shareholders of record on Thursday, February 5th will be paid a dividend of 0.25 per share by the bank on Thursday, February 12th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Thursday, February 5th.

Bank of Marin Bancorp has raised its dividend payment by an average of 0.0%annually over the last three years. Bank of Marin Bancorp has a payout ratio of 57.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bank of Marin Bancorp to earn $1.89 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 52.9%.

Bank of Marin Bancorp Trading Up 2.1%

NASDAQ:BMRC opened at $27.41 on Tuesday. The firm has a market capitalization of $441.03 million, a PE ratio of -12.18 and a beta of 0.88. The stock has a 50 day moving average of $26.81 and a 200-day moving average of $25.19. Bank of Marin Bancorp has a 52 week low of $19.14 and a 52 week high of $28.48.

Bank of Marin Bancorp (NASDAQ:BMRC) last posted its quarterly earnings data on Monday, January 26th. The bank reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. The business had revenue of ($35.47) million for the quarter, compared to analyst estimates of $32.96 million. Bank of Marin Bancorp had a negative net margin of 21.76% and a positive return on equity of 6.00%. As a group, analysts predict that Bank of Marin Bancorp will post 1.61 EPS for the current fiscal year.

Institutional Investors Weigh In On Bank of Marin Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in Bank of Marin Bancorp by 268.7% in the 3rd quarter. Wellington Management Group LLP now owns 943,534 shares of the bank’s stock worth $22,909,000 after purchasing an additional 687,615 shares in the last quarter. HoldCo Asset Management LP bought a new position in Bank of Marin Bancorp during the second quarter valued at approximately $9,305,000. Fourthstone LLC grew its stake in shares of Bank of Marin Bancorp by 291.7% during the 2nd quarter. Fourthstone LLC now owns 276,578 shares of the bank’s stock valued at $6,317,000 after purchasing an additional 205,969 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in shares of Bank of Marin Bancorp by 85.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 273,266 shares of the bank’s stock valued at $6,635,000 after acquiring an additional 125,816 shares during the period. Finally, Westmount Partners LLC bought a new stake in Bank of Marin Bancorp during the 4th quarter worth approximately $2,980,000. 52.26% of the stock is currently owned by institutional investors.

About Bank of Marin Bancorp

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.