Bank of Marin Bancorp (NASDAQ:BMRC – Get Free Report) issued its earnings results on Monday. The bank reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01, Yahoo Finance reports. Bank of Marin Bancorp had a negative net margin of 9.09% and a positive return on equity of 3.25%. The firm had revenue of $39.21 million for the quarter, compared to analysts’ expectations of $27.30 million. During the same quarter last year, the company earned $0.33 earnings per share.
Bank of Marin Bancorp Price Performance
Shares of BMRC opened at $22.90 on Wednesday. The firm has a fifty day moving average price of $20.81 and a 200 day moving average price of $18.21. The stock has a market cap of $372.95 million, a PE ratio of 27.59 and a beta of 0.92. Bank of Marin Bancorp has a 1-year low of $14.11 and a 1-year high of $23.24.
Bank of Marin Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, November 7th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend is Thursday, November 7th. Bank of Marin Bancorp’s dividend payout ratio (DPR) is 120.48%.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on BMRC
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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