BMRC Stock Summary and Trading Ideas (Bank Of Marin Bancorp | NASDAQ:BMRC)

Bank of Marin Bancorp is a United States-based bank holding company. It conducts business through its wholly-owned subsidiary. The Bank provides a wide range of financial services to customers such as professionals, small and middle-market businesses, and individuals residing in Marin, Sonoma, Napa, San Francisco, Alameda, Contra Costa, San Mateo counties, and others. The majority of its revenue comes from interest income.

Bank Of Marin Bancorp trades on the NASDAQ stock market under the symbol BMRC.

As of April 19, 2024, BMRC stock price climbed to $15.34 with 22,903 million shares trading.

BMRC has a beta of 1.07, meaning it tends to be more sensitive to market movements. BMRC has a correlation of 0.08 to the broad based SPY ETF.

BMRC has a market cap of $248.41 million. This is considered a Small Cap stock.

Last quarter Bank Of Marin Bancorp reported $24 million in Revenue and $.30 earnings per share. This fell short of revenue expectation by $-1 million and missed earnings estimates by -$.02.

In the last 3 years, BMRC stock traded as high as $39.65 and as low as $12.89.

The top ETF exchange traded funds that BMRC belongs to (by Net Assets): VTI, SMDV, IWM, VXF, AVUV.

BMRC has underperformed the market in the last year with a return of -19.6%, while the SPY ETF gained +21.6%. In the last 3 month period, BMRC fell short of the market, returning -22.6%, while SPY returned +4.6%. However, in the most recent 2 weeks BMRC has outperformed the stock market by returning -2.4%, while SPY returned -3.1%.

BMRC support price is $14.77 and resistance is $15.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BMRC stock will trade within this expected range on the day.