A Guide To The Risks Of Investing In Bank of Marin Bancorp (BMRC)


Bank of Marin Bancorp’s filing revealed that its EVP, Chief Credit Officer Stewart Misako acquired Company’s shares for reported $18455.0 on May 23. In the deal valued at $18.45 per share,1,000 shares were bought. As a result of this transaction, Stewart Misako now holds 12,873 shares worth roughly $ 0.25 million.

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Then, Myers Timothy D bought 684 shares, generating $9,961 in total proceeds. Upon buying the shares at $14.56, the President & CEO now owns 41,158 shares.

Before that, Sathis Arasadi bought 100 shares. Bank of Marin Bancorp shares valued at $1,420 were divested by the Executive Vice President at a price of $14.20 per share. As a result of the transaction, Sathis Arasadi now holds 300 shares, worth roughly $5787.0.

Janney upgraded its Bank of Marin Bancorp [BMRC] rating to a Buy from a a Neutral in a research note published on Friday.

Price Performance Review of BMRC

On Friday, Bank of Marin Bancorp [NASDAQ:BMRC] saw its stock jump 2.50% to $19.29. On the same session, the stock had its day’s lowest price of $18.91, but rose to a high of $19.63. Over the last five days, the stock has gained 3.38%. Bank of Marin Bancorp shares have fallen nearly -41.33% since the year began. Nevertheless, the stocks have fallen -37.57% over the past one year. While a 52-week high of $36.78 was reached on 01/04/23, a 52-week low of $12.89 was recorded on 05/04/23. SMA at 50 days reached $19.47, while 200 days put it at $24.33. A total of 64802.0 shares were traded, compared to the trading of 52600.0 shares in the previous session.

Levels Of Support And Resistance For BMRC Stock

The 24-hour chart illustrates a support level at 18.92, which if violated will result in even more drops to 18.56. On the upside, there is a resistance level at 19.64. A further resistance level may holdings at 20.00. The Relative Strength Index (RSI) on the 14-day chart is 46.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.15%. Stochastics %K at 13.19% indicates the stock is a buying.

How much short interest is there in Bank of Marin Bancorp?

A steep rise in short interest was recorded in Bank of Marin Bancorp stocks on Aug 14, 2023, growing by 34960.0 shares to a total of 0.76 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.73 million shares. There was a rise of 4.59%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.90% of the overall stock float, the days-to-cover ratio (short ratio) rose to 9.83.

According to FactSet, Bank of Marin Bancorp’s share price will average $21.60 in the next year, based on opinions of analysts polled by the firm. This is up nearly 16.9 percent from its previous closing price of $18.82. Analysts expect Bank of Marin Bancorp stock to reach the higher price of $23.00, while the lowest price estimate is $19.00. However, 6 analysts have rated BMRC stock as an Overweight in their predictions for 2023.


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