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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SACH:
- Options Volatility and Implied Earnings Moves Today, April 01, 2024
- Options Volatility and Implied Earnings Moves This Week, April 01 – April 05, 2024
- Sachem Capital Corp. Announces Dividend of $0.11 Per Share
- SACH Earnings this Week: How Will it Perform?
- Sachem Capital Sets Dates for 2023 Earnings Release and Conference Call
