Columbia Financial price target raised to $20 from $19 at Piper Sandler

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.