Stephens analyst Matt Breese upgraded Peoples Financial (PFIS) to Overweight from Equal Weight with a price target of $65, up from $60. Following the FNCB Bancorp (FNCB) merger of equals, the firm feels Peoples “remains a below-the-radar name despite its larger balance sheet, strong earnings power, and solid funding base,” the analyst tells investors in a research note.
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Read More on PFIS:
- Peoples Financial Prepares for 2024 Investor Meetings
- Peoples Financial Services Corp. Reports Third Quarter Loss Amid Merger Costs
- Peoples Financial reports Q3 adjusted EPS $1.64 vs. $1.05 last year
- Peoples Financial Announces CEO Transition and Merger Success
- Peoples Financial CEO Craig Best to step down, Gerard Champi to succeed
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