Norwood Financial (NASDAQ:NWFL) Downgraded to “Sell” at StockNews.com

StockNews.com downgraded shares of Norwood Financial (NASDAQ:NWFL) from a hold rating to a sell rating in a report issued on Friday morning.

Norwood Financial Price Performance

Shares of NASDAQ NWFL opened at $25.32 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $205.35 million, a PE ratio of 13.26 and a beta of 0.64. The firm has a fifty day simple moving average of $25.64 and a 200 day simple moving average of $27.64. Norwood Financial has a twelve month low of $23.50 and a twelve month high of $34.50.

Norwood Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.74%. The ex-dividend date of this dividend was Friday, April 12th. Norwood Financial’s dividend payout ratio (DPR) is presently 62.83%.

Hedge Funds Weigh In On Norwood Financial

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. increased its stake in Norwood Financial by 5.3% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 43,060 shares of the financial services provider’s stock valued at $1,417,000 after purchasing an additional 2,153 shares in the last quarter. Eagle Wealth Strategies LLC purchased a new stake in shares of Norwood Financial in the fourth quarter worth approximately $774,000. John G Ullman & Associates Inc. bought a new stake in Norwood Financial during the fourth quarter worth $230,000. SG Americas Securities LLC purchased a new stake in Norwood Financial in the 4th quarter valued at $130,000. Finally, Cedar Brook Financial Partners LLC bought a new position in Norwood Financial during the 4th quarter valued at $239,000. Institutional investors and hedge funds own 28.08% of the company’s stock.

Norwood Financial Company Profile

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.