Bank of Marin Bancorp

BMRC · NASDAQ

$26.93+$0.86 (+3.30%)TodayMarket closed · Oct 20, 5:12 PM ET

Prev close $26.07

BMRC analyst rating

BuyConsensus of 4 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy2
Hold2
Underperform0
Sell0

12-month price target · 7 analysts

Average $32.23 (+19.7% upside)

Low: $29.29
Now: $26.93
High: $35.70

Upgrades and downgrades

The latest rating actions, newest first

BMRC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Piper Sandler	Oct 1, 2026	Maintains	Neutral	$30.00 → $29.00	68%
Keefe, Bruyette & Woods	Aug 4, 2026	Maintains	Outperform	$31.00 → $32.00	79%
Piper Sandler	Jul 31, 2026	Maintains	Neutral	$28.00 → $30.00	68%
Stephens & Co.	Jul 29, 2026	Maintains	Equal-Weight	$26.00 → $30.00	67%
DA Davidson	Jul 28, 2026	Maintains	Buy	$30.00 → $34.00	50%
Keefe, Bruyette & Woods	Apr 29, 2026	Maintains	Outperform	$30.00 → $29.00	79%
DA Davidson	Apr 28, 2026	Maintains	Buy	$30.00 → $29.00	50%
Piper Sandler	Apr 2, 2026	Maintains	Neutral	$30.50 → $28.00	68%
Keefe, Bruyette & Woods	Oct 29, 2025	Maintains	Outperform	$27.00 → $30.00	79%
DA Davidson	Oct 28, 2025	Maintains	Buy	$29.00 → $31.00	50%

The case for and against

Updated Dec 22, 2025

Bull case

Bank of Marin Bancorp reported an impressive 8.8% increase in spread income, reaching $28.2 million, which surpassed previous estimates, contributing positively to overall financial health. The bank's net interest margin (NIM) rose to 3.08%, an increase of 15 basis points quarter-over-quarter, indicating efficient management of financial resources and potential for sustained profitability. Additionally, a notable 17.0% increase in deposits, driven by a rise in non-interest-bearing deposits, coupled with management's confidence in a robust growth pipeline, suggests strong future earnings potential and the ability to further enhance core profitability.

Bear case

The financial outlook for Bank of Marin Bancorp presents several concerns that contribute to a negative perspective on its stock. A notable decline in core noninterest income of 11.9% quarter-over-quarter, alongside a reduction in interest from bank-owned life insurance and wealth management, signals weakened revenue sources for the bank. Additionally, the risk factors associated with potential deposit outflows, the elevated office portfolio amid adverse market conditions, and worsening credit quality further amplify uncertainties regarding future earnings and financial stability.

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