Bank of Marin Bancorp (NASDAQ: BMRC) has recently experienced extremely important negative changes in investment behavior: negative upside/downside volume developed, and its shorter term price trend turned down.
Notable negative changes in fundamentals have recently occurred for Bank of Marin Bancorp (NASDAQ: BMRC): significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution 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 (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Bank of Marin Bancorp has a neutral Power Rating of 53 and a neutral Appreciation Score of 58, leading to the Neutral Value Trend Rating.
Recent Price Action
On 9/26/24, Bank of Marin Bancorp (NASDAQ: BMRC) stock declined slightly by -0.05%, closing at $19.58. However, trading volume in this decline was unusually low at 62% of normal. The stock has performed in line with the market over the last nine months and has declined -4.1% during the last week.
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