In the past week, BMRC stock has gone up by 14.65%, with a monthly gain of 30.30% and a quarterly surge of 44.30%. The volatility ratio for the week is 3.97%, and the volatility levels for the last 30 days are 3.87% for Bank of Marin Bancorp The simple moving average for the past 20 days is 16.93% for BMRC’s stock, with a 44.19% simple moving average for the past 200 days.
Is It Worth Investing in Bank of Marin Bancorp (NASDAQ: BMRC) Right Now?
BMRC has 36-month beta value of 0.88. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for BMRC is 14.74M, and currently, short sellers hold a 4.62% ratio of that float. The average trading volume of BMRC on November 07, 2024 was 79.48K shares.
BMRC) stock’s latest price update
The stock of Bank of Marin Bancorp (NASDAQ: BMRC) has increased by 15.87 when compared to last closing price of 22.49.Despite this, the company has seen a gain of 14.65% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-28 that Bank of Marin Bancorp (NASDAQ:BMRC ) Q3 2024 Earnings Conference Call October 28, 2024 11:30 AM ET Company Participants Krissy Meyer – Corporate Secretary Tim Myers – President & CEO Tani Girton – EVP & CFO Conference Call Participants Woody Lay – KBW Matthew Clark – Piper Sandler David Feaster – Raymond James Jeffrey Rulis – D.A. Davidson Krissy Meyer Good morning, and thank you for joining Bank of Marin Bancorp’s Earnings Call for the Third Quarter Ended September 30, 2024.
Analysts’ Opinion of BMRC
Many brokerage firms have already submitted their reports for BMRC stocks, with DA Davidson repeating the rating for BMRC by listing it as a “Buy.” The predicted price for BMRC in the upcoming period, according to DA Davidson is $24 based on the research report published on October 10, 2024 of the current year 2024.
Stephens gave a rating of “Equal-Weight” to BMRC, setting the target price at $40 in the report published on December 28th of the previous year.
BMRC Trading at 23.37% from the 50-Day Moving Average
After a stumble in the market that brought BMRC to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 11.61% of gains for the given period.
Volatility was left at 3.87%, however, over the last 30 days, the volatility rate increased by 3.97%, as shares surge +29.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.00% upper at present.
During the last 5 trading sessions, BMRC rose by +14.65%, which changed the moving average for the period of 200-days by +27.56% in comparison to the 20-day moving average, which settled at $22.29. In addition, Bank of Marin Bancorp saw 18.35% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BMRC starting from McDevitt Jr William H, who sale 3,000 shares at the price of $20.10 back on Dec 01 ’23. After this action, McDevitt Jr William H now owns 26,715 shares of Bank of Marin Bancorp, valued at $60,307 using the latest closing price.
McDevitt Jr William H, the Director of Bank of Marin Bancorp, sale 3,000 shares at $19.99 during a trade that took place back on Dec 01 ’23, which means that McDevitt Jr William H is holding 29,715 shares at $59,980 based on the most recent closing price.
Stock Fundamentals for BMRC
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 1.28 for the gross margin
The net margin for Bank of Marin Bancorp stands at -0.13. The total capital return value is set at 0.0. Equity return is now at value -3.23, with -0.35 for asset returns.
Based on Bank of Marin Bancorp (BMRC), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 0.37. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is 0.07.
Currently, EBITDA for the company is 64.87 million with net debt to EBITDA at -3.54. When we switch over and look at the enterprise to sales, we see a ratio of 1.98. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.09.
Conclusion
To put it simply, Bank of Marin Bancorp (BMRC) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
