Piper Sandler analyst Justin Crowley raised the firm's price target on Northeast Bank to $145 from $133 and keeps an Overweight rating on the shares. The firm says the company's Q1 results were very impressive as the effect of late 2025 loan purchases was on full display with a 2.4% ROA in the period and 6% sequential TBVPS growth. While Q1 purchases were muted, management commentary surrounding future activity remained quite constructive, adds Piper.
