Bank of Marin Bancorp (NASDAQ:BMRC – Get Free Report) announced its quarterly earnings data on Monday. The bank reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.13), Yahoo Finance reports. Bank of Marin Bancorp had a positive return on equity of 3.26% and a negative net margin of 9.09%. The firm had revenue of $37.12 million during the quarter, compared to analysts’ expectations of $25.85 million. During the same period last year, the company earned $0.28 earnings per share.
Bank of Marin Bancorp Trading Up 8.7 %
Shares of BMRC opened at $21.32 on Wednesday. Bank of Marin Bancorp has a twelve month low of $14.11 and a twelve month high of $23.24. The company has a market cap of $347.30 million, a P/E ratio of 25.69 and a beta of 0.93. The company’s fifty day simple moving average is $16.91 and its 200-day simple moving average is $16.91.
Bank of Marin Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 8th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend is Thursday, August 8th. Bank of Marin Bancorp’s dividend payout ratio is currently 120.48%.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on Bank of Marin Bancorp
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.
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