Bank of Marin Bancorp (NASDAQ: BMRC) has reported E.P.S. of $0.28 for its third fiscal quarter (ending September 30) versus $0.33 for the same period a year ago — a decline of -15%. For the latest four quarters through September 30, E.P.S. were $-0.86 compared to $2.02 a year ago — a decline of -143%.
Recent Price Action
Bank of Marin Bancorp (NASDAQ: BMRC) stock closed at $22.73 on 10/28/24 after a large increase of 4.3%. However, this advance was accompanied by below average trading volume at 73% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 2.6% 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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Bank of Marin Bancorp has a neutral Appreciation Score of 56 but a very high Power Rating of 86, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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