Piper Sandler raised the firm’s price target on Columbia Financial to $20 from $19 and keeps a Neutral rating on the shares. While Piper continues to believe that Columbia has a solid strategy, pristine asset quality and will eventually do a second step conversion unlocking value, near-term net interest margin pressure and a slowdown in share buyback activity could make it tough for the stock to outperform, the analyst tells investors in a research note.
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Read More on CLBK:
- Columbia Financial Inc Schedules Annual Stockholders Meeting
- Columbia Financial, Inc. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2023
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