CF Bankshares price target lowered to $33.50 from $34 at Piper Sandler

Piper Sandler analyst Adam Kroll lowered the firm’s price target on CF Bankshares (CFBK) to $33.50 from $34 and keeps an Overweight rating on the shares. The firm says the company delivered a mixed quarter, as an increase in NPLs tied to one non-core relationship resulted in $0.5M of interest reversals and drove the PPNR / EPS shortfall.