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.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CLBK: