Bank of Marin price target lowered to $16 from $19 at Stephens

Stephens lowered the firm’s price target on Bank of Marin to $16 from $19 and keeps an Equal Weight rating on the shares. Following the Q1 report, the firm lowered its FY25 operating EPS forecast to $1.19 from $1.54. While stating that “valuation is becoming compelling,” the firm views it as “fair for now,” the analyst added.