Norwood Financial (NASDAQ:NWFL) Stock Rating Lowered by Wall Street Zen

Norwood Financial (NASDAQ:NWFL) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Separately, Stephens restated an “equal weight” rating and issued a $26.50 price target on shares of Norwood Financial in a research report on Tuesday, July 8th.

Norwood Financial Stock Down 0.7%

NWFL opened at $24.08 on Friday. The business’s 50-day simple moving average is $25.38 and its 200-day simple moving average is $25.18. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.91 and a current ratio of 0.91. Norwood Financial has a one year low of $21.25 and a one year high of $34.50. The stock has a market capitalization of $222.98 million, a P/E ratio of 100.34 and a beta of 0.69.

Norwood Financial (NASDAQ:NWFL) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. Norwood Financial had a return on equity of 9.02% and a net margin of 2.92%. The business had revenue of $21.20 million for the quarter, compared to analysts’ expectations of $21.16 million. Analysts anticipate that Norwood Financial will post 2.51 EPS for the current year.

Hedge Funds Weigh In On Norwood Financial

Several institutional investors have recently added to or reduced their stakes in NWFL. Corebridge Financial Inc. boosted its holdings in Norwood Financial by 13.0% in the 1st quarter. Corebridge Financial Inc. now owns 4,079 shares of the financial services provider’s stock valued at $99,000 after purchasing an additional 468 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Norwood Financial by 18.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,909 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 765 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Norwood Financial by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 166,450 shares of the financial services provider’s stock valued at $4,529,000 after purchasing an additional 811 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Norwood Financial by 21.7% in the 4th quarter. Wells Fargo & Company MN now owns 5,203 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 928 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Norwood Financial by 11.6% in the 4th quarter. Barclays PLC now owns 10,926 shares of the financial services provider’s stock valued at $298,000 after purchasing an additional 1,139 shares in the last quarter. 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.