Bank of Marin Bancorp (BMRC) Announces Quarterly Dividend of $0.19
Bank of Marin Bancorp (NASDAQ:BMRC) declared a quarterly dividend on Monday, October 21st, Analyst Ratings.Net reports. Shareholders of record on Friday, November 1st will be given a dividend of $0.19 per share on Friday, November 8th. This represents a $0.76 dividend on an annualized basis and a yield of 1.74%.
A number of research firms have recently commented on BMRC. Analysts at Zacks upgraded shares of Bank of Marin Bancorp from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 16th. They now have a $43.10 price target on the stock. Finally, analysts at Sandler O’Neill raised their price target on shares of Bank of Marin Bancorp to $45.00 in a research note to investors on Tuesday, July 23rd. They now have a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $44.39.
Shares of Bank of Marin Bancorp (NASDAQ:BMRC) opened at 43.37 on Monday. Bank of Marin Bancorp has a 52 week low of $34.50 and a 52 week high of $45.96. The stock has a 50-day moving average of $40.80 and a 200-day moving average of $40.67. The company has a market cap of $235.0 million and a price-to-earnings ratio of 15.05.
Bank of Marin Bancorp (NASDAQ:BMRC) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.72 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.72. On average, analysts predict that Bank of Marin Bancorp will post $2.85 earnings per share for the current fiscal year.
Bank of Marin Bancorp (NASDAQ:BMRC) is the holding company for Bank of Marin (the Bank).
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