Bank of Marin Bancorp price target raised to $27 from $24 at DA Davidson

Investing.com - DA Davidson raised its price target on Bank of Marin Bancorp (NASDAQ:BMRC) to $27.00 from $24.00 on Tuesday, while maintaining a Buy rating on the stock. The new target represents a 13% upside from the current price of $23.96, with analyst targets ranging from $25 to $29.

The firm cited margin momentum and stabilizing credit quality as encouraging themes for the bank. These positive factors support the higher valuation despite challenges in balance sheet growth. According to InvestingPro analysis, while the company faces near-term profitability challenges, analysts expect positive earnings this year.

DA Davidson noted that the lack of balance sheet growth currently hinders greater profitability gains for Bank of Marin Bancorp. However, the firm sees improved growth prospects ahead for the financial institution.

The research firm also highlighted an increased earnings per share outlook as net interest margin (NIM) continues to ramp up. This improvement in profitability metrics factored into the higher price target.

DA Davidson maintained that worsening credit quality remains the primary risk to its investment thesis on Bank of Marin Bancorp. Despite this concern, the firm believes the stock offers a compelling risk/reward profile at current levels.

In other recent news, Bank of Marin Bancorp reported its second-quarter 2025 earnings, which fell short of expectations. The company announced an earnings per share (EPS) of $0.29, missing the anticipated $0.33 by 12.12%. Additionally, revenue was reported at $10.29 million, significantly below the forecasted $29.02 million, resulting in a revenue shortfall of 64.54%. These figures highlight a challenging quarter for the bank, with both earnings and revenue not meeting analyst projections. No updates regarding mergers or acquisitions were reported. Analysts’ assessments or changes in stock ratings were not disclosed in the recent updates. Other company-specific news was also not mentioned in the latest reports. These developments come as investors closely monitor the bank’s financial performance and strategic direction.

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