Bank of Marin price target raised to $21 from $20 at DA Davidson

DA Davidson raised the firm’s price target on Bank of Marin to $21 from $20 and keeps a Neutral rating on the shares. The bank’s cost of deposits and excess liquidity is weighing heavily on its net interest margin, but from a deposit stability and safety standpoint, Bank of Mari has made strides from stock lows in early May, the analyst tells investors in a research note. The firm adds that capital deployment looks guarded for the company for now but credit quality remains sound.