Norwood Financial (NASDAQ:NWFL) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Norwood Financial (NASDAQ:NWFLGet Rating) in a research report issued on Wednesday. The brokerage set a “buy” rating on the financial services provider’s stock.

Norwood Financial stock opened at $28.57 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.85 and a quick ratio of 0.85. Norwood Financial has a 1-year low of $24.41 and a 1-year high of $29.00. The company has a market cap of $234.33 million, a PE ratio of 8.84 and a beta of 0.46. The stock’s 50 day moving average price is $28.20 and its 200 day moving average price is $27.33.

Norwood Financial (NASDAQ:NWFLGet Rating) last posted its quarterly earnings results on Friday, January 28th. The financial services provider reported $0.81 earnings per share for the quarter. Norwood Financial had a return on equity of 13.07% and a net margin of 32.80%. The firm had revenue of $18.52 million for the quarter.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Norwood Financial Corp purchased a new stake in Norwood Financial during the fourth quarter worth $10,146,000. Renaissance Technologies LLC boosted its position in Norwood Financial by 2.4% during the fourth quarter. Renaissance Technologies LLC now owns 76,125 shares of the financial services provider’s stock worth $1,978,000 after purchasing an additional 1,800 shares in the last quarter. Geode Capital Management LLC boosted its position in Norwood Financial by 10.0% during the third quarter. Geode Capital Management LLC now owns 65,753 shares of the financial services provider’s stock worth $1,690,000 after purchasing an additional 5,961 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Norwood Financial by 148.2% during the fourth quarter. JPMorgan Chase & Co. now owns 61,563 shares of the financial services provider’s stock worth $1,600,000 after purchasing an additional 36,761 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Norwood Financial by 1.6% during the fourth quarter. Millennium Management LLC now owns 57,599 shares of the financial services provider’s stock worth $1,497,000 after purchasing an additional 932 shares in the last quarter. Institutional investors own 16.84% of the company’s stock.

About Norwood Financial (Get Rating)

Norwood Financial Corp. operates as the bank holding company for Wayne Bank that provides various banking products and services. The company accepts a range of deposit products, including interest-bearing and non-interest bearing transaction accounts, and statement savings and money market accounts, as well as certificate of deposits.

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