Bank of Marin price target raised to $22 from $18 at Stephens

Stephens raised the firm’s price target on Bank of Marin to $22 from $18 and keeps an Equal Weight rating on the shares. The company’s Q2 results included an EPS miss, a 7% net interest income miss, and a 9% expense miss, the analyst tells investors. The firm was encouraged by the Q3 deposit growth, which was off to a “solid start,” and additionally thought the company sounded optimistic on near term hires.