Premier Financial price target raised to $22 from $21 at Piper Sandler

Piper Sandler analyst Alexander Twerdahl raised the firm’s price target on Premier Financial to $22 from $21 and keeps a Neutral rating on the shares. The firm notes Premier Financial reported an okay quarter, highlighted by stronger than expected fee income, expenses, and a negative provision. Net interest income was slightly weaker, as asset yields ticked back down and non-IB deposits declined. But management painted the picture for improvement in the remainder of the year, and possibly a very attractive set up into 2025, says Piper.