Bank of Marin price target lowered to $29 from $30 at Stephens

Stephens analyst Andrew Terrell lowered the firm’s price target on Bank of Marin (BMRC) to $29 from $30 and keeps an Overweight rating on the shares following the bank’s Q4 report. The firm felt commentary around improving credit dynamics in San Francisco and office were positive and it came away feeling better about a 33% increase in special mention given Bank of Marin’s limited exposure to the wine industry, the analyst tells investors.