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.