DA Davidson analyst Manuel Navas initiated coverage on Burke & Herbert Financial Services (BHRB) with a ‘Buy’ rating and a price target of $76. Navas sees strong earnings potential and an attractive valuation for the company, driven by robust loan growth, repricing opportunities, and a favorable market position.
DA Davidson analyst upgraded Bank of Marin Bancorp (BMRC) to Buy from Neutral, citing improved earnings outlook and reduced credit risks due to the Fed’s potential rate cuts. The analyst expects BMRC’s net interest margin (NIM) to rise and predicts a strong earnings performance in the coming years.
