Bank of Marin Bancorp (NASDAQ: BMRC) has reported a loss for its second fiscal quarter (ending June 30) of $-1.36 versus $0.28 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $-0.81 compared to $2.45 a year ago.
Recent Price Action
On 7/29/24, Bank of Marin Bancorp (NASDAQ: BMRC) stock suffered a major decline of -12.3%, closing at $19.61. Moreover, unusually high trading volume at 167% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -4.4% during the last week.
Current PriceTarget Research Rating
BMRC is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Bank of Marin Bancorp has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Bank of Marin Bancorp has a neutral Appreciation Score of 54 and a slightly negative Power Rating of 30, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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