DA Davidson keeps 'Buy' ratings on Bank of Marin and CB Financial Services

what happened

Analysts at DA Davidson kept their Buy rating on Bank of Marin Bancorp shares and set a price target of $34. The target implies a 22.3% upside from the October 26 close of $27.80, according to a note reported by TradingView.

For the third quarter of 2026, earnings per share came in at $0.62, ahead of expectations, helped by lower expenses and higher fee income. The bank's deposits rose 3.0% from the previous quarter, non-interest-bearing deposits reached 37.8% of the total, and net interest margin widened to 3.48%.

Separately, DA Davidson maintained its Buy rating on CB Financial Services with a $44 price target. That target implies 12.4% upside from the October 26 close of $39.15. The bank's net interest margin rose 6 basis points from the prior quarter and it posted a net provision recovery, which the analysts viewed as a sign of solid credit quality.

why it matters

For markets, this is a routine update to analyst ratings rather than a development that changes the outlook for the sector. Regional bank stocks have been sensitive to margin trends and funding costs in recent months, and the analysts highlighted exactly these metrics in both notes. Price targets reflect one firm's estimates and are not a market forecast.

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