Columbia Financial price target lowered to $17 from $19 at Piper Sandler

Piper Sandler lowered the firm’s price target on Columbia Financial to $17 from $19 and keeps a Neutral rating on the shares. The analyst reduced estimates to reflect the company’s quarterly results and updated guidance. The firm thinks near-term near interest margin pressure and somewhat elevated expenses associated with building the lending verticals could make it tough for the stock to outperform.