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Fly News Breaks for July 24, 2018
BMRC
Jul 24, 2018 | 08:35 EDT
DA Davidson analyst Jeff Rulis raised his price target on Bank of Marin to $88 after its Q2 earnings beat, saying the upside was driven by better than expected spread income and improving operating expense management. Rulis also cites Bank of Marin's "strong loan growth, continued net interest margin expansion, and pristine credit quality" in the quarter. The analyst keeps his Neutral rating on the bank, noting that the shares are fairly valued at current levels.
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