Piper Sandler analyst Frank Schiraldi upgraded Northfield Bancorp (NFBK) to Overweight from Neutral with a price target of $14, up from $13, following the Q1 report. The company has a “significant asset repricing story to tell” even as overall balance sheet growth is likely to remain tepid, the analyst tells investors in a research note. Northfield’s re-pricing story runs through at least 2027, and likely requires taking on little to no additional risk to drive earnings growth, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NFBK:
- Northfield Bancorp: Buy Rating Affirmed on Asset Repricing Potential and Strong Valuation
- Northfield Bancorp price target lowered to $12 from $12.50 at Keefe Bruyette
- Northfield Bancorp Reports Q1 2025 Financial Results
- Northfield Bancorp reports Q1 EPS 19c, consensus 18c
- NFBK Upcoming Earnings Report: What to Expect?