Bank of Marin Bancorp (NASDAQ:BMRC – Get Free Report) issued its earnings results on Monday. The bank reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.13), Yahoo Finance reports. The company had revenue of $37.12 million during the quarter, compared to analyst estimates of $25.85 million. Bank of Marin Bancorp had a negative net margin of 9.09% and a positive return on equity of 3.26%. During the same quarter in the previous year, the firm earned $0.28 earnings per share.
Bank of Marin Bancorp Price Performance
Shares of BMRC traded down $1.01 on Wednesday, hitting $20.31. The company’s stock had a trading volume of 166,213 shares, compared to its average volume of 74,664. The company has a market capitalization of $330.85 million, a PE ratio of 25.69 and a beta of 0.93. Bank of Marin Bancorp has a fifty-two week low of $14.11 and a fifty-two week high of $23.24. The company has a 50 day moving average price of $16.91 and a 200 day moving average price of $16.91.
Bank of Marin Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 8th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $1.00 annualized dividend and a yield of 4.92%. Bank of Marin Bancorp’s dividend payout ratio is 120.48%.
Wall Street Analysts Forecast Growth
View Our Latest Analysis 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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