Peoples Financial downgraded to Equal Weight from Overweight at Stephens

Stephens downgraded Peoples Financial (PFIS) to Equal Weight from Overweight with an unchanged price target of $50. The firm believes shares now reflect the firm’s fair value estimate and beyond an expected return to mid-single-digit loan growth, it struggles to see a near-term catalyst as further net interest margin expansion and more robust profitability improvement is not anticipated until 2027, the analyst tells investors.