Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Bank of Marin Bancorp (NASDAQ: BMRC) weakened during the last several trading days. BMRC’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Bank of Marin Bancorp (NASDAQ: BMRC) stock closed at $17.98 on 8/9/24 after a slight decline of -0.4%. However, below average trading volume at 67% of normal accompanied the decline. The stock has declined -6.3% during the last week and has been weak relative to the market over the last nine months.
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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Bank of Marin Bancorp has a slightly positive Appreciation Score of 61 but a poor Power Rating of 17, triggering the Negative Value Trend Rating.
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