Norwood Financial (NASDAQ:NWFL) Raised to “Hold” at StockNews.com

Norwood Financial (NASDAQ:NWFL) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Other equities analysts also recently issued reports about the company. Janney Montgomery Scott began coverage on Norwood Financial in a research note on Thursday, January 2nd. They issued a “buy” rating and a $31.00 price target on the stock. Piper Sandler assumed coverage on shares of Norwood Financial in a report on Wednesday, January 8th. They issued a “neutral” rating and a $28.00 price objective on the stock. Finally, Stephens raised shares of Norwood Financial to a “hold” rating in a report on Monday, April 14th.

Norwood Financial Stock Up 2.5 %

NWFL stock opened at $23.01 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91. Norwood Financial has a 1-year low of $21.25 and a 1-year high of $34.50. The stock has a market capitalization of $213.14 million, a P/E ratio of 2,301.00 and a beta of 0.54. The business has a fifty day moving average price of $24.38 and a 200-day moving average price of $26.91.

Norwood Financial (NASDAQ:NWFL) last posted its earnings results on Thursday, April 17th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%. The business had revenue of $20.20 million for the quarter, compared to analysts’ expectations of $20.60 million. Equities analysts forecast that Norwood Financial will post 2.51 earnings per share for the current fiscal year.

Insider Transactions at Norwood Financial

In other Norwood Financial news, Director Ronald R. Schmalzle purchased 2,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were bought at an average cost of $26.00 per share, with a total value of $52,000.00. Following the acquisition, the director now owns 17,621 shares in the company, valued at approximately $458,146. This trade represents a 12.80 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On Norwood Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp increased its holdings in Norwood Financial by 2.5% in the 3rd quarter. State Street Corp now owns 99,889 shares of the financial services provider’s stock valued at $2,755,000 after acquiring an additional 2,402 shares during the last quarter. Barclays PLC boosted its stake in Norwood Financial by 280.5% during the third quarter. Barclays PLC now owns 9,787 shares of the financial services provider’s stock valued at $270,000 after buying an additional 7,215 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Norwood Financial by 250.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider’s stock valued at $384,000 after buying an additional 9,950 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Norwood Financial in the 4th quarter worth approximately $1,394,000. Finally, Emerald Advisers LLC bought a new position in shares of Norwood Financial during the 4th quarter valued at approximately $122,000. Institutional investors 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.