Alliance Global Partners analyst Gaurav Mehta lowered the firm’s price target on Sachem Capital to $4 from $4.50 and keeps a Buy rating on the shares following the Q4 earnings miss. The company has a loan pipeline and is seeing loan demand driven by less lending from banks, an increase in non-performing loans for mid-sized financial institutions and non-bank lenders and less capital available for competitors, the analyst tells investors in a research note.
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