Heritage Financial price target lowered to $25 from $26 at Piper Sandler

Piper Sandler lowered the firm’s price target on Heritage Financial to $25 from $26 and keeps an Overweight rating on the shares. The firm is also trimming its 2024/2025 EPS to $1.69/$1.65 from $1.75/$1.70 on a weaker net interest margin, fee income, and a higher LLP offset partly by lower NIE.