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Fly News Breaks for April 24, 2018
BMRC
Apr 24, 2018 | 09:00 EDT
DA Davidson analyst Jeff Rulis raised his price target on Bank of Marin to $78 after the company's Q1 earnings, citing a 5bp increase in net interest margins and also noting that the elevated operating expenses will not recur at similar levels. Rulis adds that the top line was driven by the increase in fee income with little loss on investment securities booked. The analyst keeps his Neutral rating on Bank of Marin, saying the shares are fairly valued at current levels.
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