BM Technologies downgraded to Market Perform from Outperform at Northland
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 28 2024
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Downgrade Announcement: Northland has downgraded BM Technologies from Outperform to Market Perform following the announcement of its acquisition by First Carolina Bank.
Acquisition Details: The acquisition is an all-cash deal valued at $5.00 per share, totaling an equity value of $67 million.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
