Bank of Marin Bancorp (NASDAQ: BMRC). Extremely significant positive changes in investment behavior have recently occurred: its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and the stock rose on very heavy volume.
Minimal positive changes in Bank of Marin Bancorp (NASDAQ: BMRC) fundamentals have recently occurred: the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Bank of Marin Bancorp has a neutral Appreciation Score of 60 but a poor Power Rating of 30, resulting in the Low Neutral Value Trend Rating.
Recent Price Action
On 7/15/24, Bank of Marin Bancorp (NASDAQ: BMRC) stock enjoyed a very large increase of 5.7%, closing at $20.05. Moreover, this advance was accompanied by exceptionally high trading volume at 213% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 25.3% during the last week.
Be the first to comment