Norwood Financial Completes PB Bankshares Acquisition and Integration

An update from Norwood Financial ( (NWFL) ) is now available.

On January 5, 2026, Norwood Financial Corp completed its acquisition of PB Bankshares, Inc. and its subsidiary Presence Bank, a deal originally agreed in July 2025 that added roughly $456 million in assets and expanded Norwood’s footprint into Chester and Lancaster Counties in Pennsylvania. The transaction, structured as a mix of cash and stock valued at $19.75 per PB Bankshares share or 0.7850 Norwood shares, resulted in an estimated $10.5 million in cash and about 1.67 million Norwood shares being issued, bringing the combined company to approximately $2.9 billion in assets and 33 offices and underscoring Norwood’s strategy to scale its community banking franchise. Governance and leadership were reshaped as former PB Bankshares directors Joseph W. Carroll and Spencer J. Andress joined the boards of Norwood and Wayne Bank, while PB Bankshares CEO Janak M. Amin became Executive Vice President and Chief Operating Officer under a detailed three-year employment, non-compete, and supplemental retirement package, designed to retain his more than 25 years of regional banking experience and support integration and growth in Central Pennsylvania. Additional senior PB Bankshares executives, including Larry W. Witt as Chief Information Officer and Douglas L. Byers as Market President for Central Pennsylvania, also joined Norwood, signaling a broader management integration aimed at leveraging PB Bankshares’ community-banking culture and client relationships to enhance Norwood’s competitive position and service capabilities in its expanded markets.

The most recent analyst rating on (NWFL) stock is a Buy with a $34.00 price target. To see the full list of analyst forecasts on Norwood Financial stock, see the NWFL Stock Forecast page.

Spark’s Take on NWFL Stock

According to Spark, TipRanks’ AI Analyst, NWFL is a Outperform.

Norwood Financial’s overall stock score of 74 reflects a strong technical outlook and positive earnings call sentiment, offset by valuation concerns due to a high P/E ratio. The company’s robust cash flow and recent corporate events further support its favorable position, despite challenges in revenue growth and profitability.

To see Spark’s full report on NWFL stock, click here.

More about Norwood Financial

Norwood Financial Corp is the parent company of Wayne Bank, a community-focused financial institution operating retail and commercial banking services through branches across Northeastern Pennsylvania and New York’s Southern Tier, with its shares listed on the Nasdaq Global Market under the symbol NWFL. The bank emphasizes relationship and community banking, and, following recent expansion moves, is deepening its presence in key Pennsylvania markets such as Chester and Lancaster Counties while broadening its regional footprint and product offerings.

Average Trading Volume: 30,829

Technical Sentiment Signal: Strong Buy

Current Market Cap: $259.4M

Find detailed analytics on NWFL stock on TipRanks’ Stock Analysis page.