Norwood Financial Corp. (NWFL) PT Raised to $35 at Stephens
Stephens analyst Matt Breese raised the price target on Norwood Financial Corp. (NASDAQ: NWFL) to $35.00 (from $34.00) while maintaining a Equal Weight rating.
The analyst commented: "This was a mixed quarter for NWFL with the stock trading off post earnings, likely on the EPS miss vs. consensus, higher NPAs, and elevated charge-offs. We’re more constructive, however. We see the ~$18M pick-up in NPAs as a one-off, and given management commentary around CRE collateral and reserves, we’re cautiously optimistic on future loss content. Beyond credit, deposit mix improved, the NIM is materially higher-than-anticipated, and on the back of earnings, we increased our 2026 and 2027 EPS estimates by 4% and 8% to $3.50 and $3.90, respectively, with a pathway to ~$4.00 in annualized EPS by year-end 2027. While NWFL remains a small-cap, fairly illiquid community bank, we’re optimistic on the forward path and increased our P/T to $35.00 from $34.00 previously."