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.
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