Bank of Marin price target lowered to $22 from $24 at Stephens

Stephens lowered the firm’s price target on Bank of Marin to $22 from $24 and keeps an Equal Weight rating on the shares after the bank reported Q4 operating EPS below the firm’s and Street’s forecasts. While stating that the valuation looks “relatively compelling,” the firm feels current levels are “fair,” the analyst tells investors.