Piper Sandler lowered the firm’s price target on First Business Financial (FBIZ) to $53 from $56 and keeps an Overweight rating on the shares. The firm notes First Business Financial delivered another solid quarter with 2% PPNR upside given good cost controls and largely in-line net interest income with high-quality strong organic balance sheet growth and relative net interest margin stability.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FBIZ:
- First Business Financial Declares Consistent Quarterly Dividends
- First Business Financial Reports Strong Q3 2024 Performance
- First Business Financial reports Q3 EPS $1.24, consensus $1.19
- FBIZ Earnings this Week: How Will it Perform?
- DA Davidson technology analyst holds an analyst/industry conference call