From Financial Modeling Prep: 2024-10-10 15:05:00

Bank of Marin Bancorp (NASDAQ:BMRC) saw a 4% surge in shares after Daishin Securities upgraded the company to Buy with a price target of $24, up from $21. The upgrade is based on an improved earnings outlook due to expectations of lower interest rates, which should boost net interest margin and income.

Analysts raised BMRC’s 2025 EPS estimate by 10% and believe lower rates could ease pressure on office commercial real estate, improving credit quality. Trading at a 30% discount to peers and half its long-term P/TBV multiple, BMRC presents a compelling opportunity for investors, according to Daishin Securities.



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