Norwood Financial (NASDAQ:NWFL) Receives Equal Weight Rating from Stephens

Stephens reissued their equal weight rating on shares of Norwood Financial (NASDAQ:NWFL) in a research report sent to investors on Monday morning,Benzinga reports. Stephens currently has a $25.50 price objective on the financial services provider’s stock.

Several other research firms also recently weighed in on NWFL. StockNews.com raised shares of Norwood Financial from a “sell” rating to a “hold” rating in a research note on Friday. Janney Montgomery Scott initiated coverage on Norwood Financial in a research report on Thursday, January 2nd. They issued a “buy” rating and a $31.00 price target for the company. Finally, Piper Sandler assumed coverage on Norwood Financial in a report on Wednesday, January 8th. They issued a “neutral” rating and a $28.00 price target for the company.

Norwood Financial Trading Up 3.5 %

Shares of Norwood Financial stock opened at $23.82 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. Norwood Financial has a twelve month low of $21.25 and a twelve month high of $34.50. The firm has a market capitalization of $220.64 million, a PE ratio of 2,382.00 and a beta of 0.54. The firm’s 50-day moving average price is $24.36 and its 200 day moving average price is $26.89.

Norwood Financial (NASDAQ:NWFL) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. Norwood Financial had a positive return on equity of 8.38% and a negative net margin of 0.16%. The firm had revenue of $20.20 million for the quarter, compared to analyst estimates of $20.60 million. On average, sell-side analysts predict that Norwood Financial will post 2.51 EPS for the current fiscal year.

Norwood Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 5.21%. The ex-dividend date of this dividend is Tuesday, April 15th. Norwood Financial’s payout ratio is presently 1,377.78%.

Insider Buying and Selling

In related news, Director Ronald R. Schmalzle bought 2,563 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were bought at an average price of $26.43 per share, with a total value of $67,740.09. Following the completion of the transaction, the director now directly owns 15,168 shares of the company’s stock, valued at $400,890.24. This represents a 20.33 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.10% of the stock is currently owned by company insiders.

Institutional Trading of Norwood Financial

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC increased its holdings in Norwood Financial by 42,200.0% in the first quarter. GAMMA Investing LLC now owns 5,076 shares of the financial services provider’s stock valued at $123,000 after buying an additional 5,064 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of Norwood Financial in the 4th quarter valued at about $16,814,000. Mascagni Wealth Management Inc. acquired a new stake in shares of Norwood Financial during the 4th quarter worth about $137,000. Jacobs Asset Management LLC purchased a new stake in Norwood Financial during the fourth quarter worth approximately $1,671,000. Finally, Deutsche Bank AG acquired a new position in Norwood Financial in the fourth quarter valued at approximately $232,000. 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.