Norwood Financial (NASDAQ:NWFL) Upgraded by Wall Street Zen to Buy Rating

Norwood Financial (NASDAQ:NWFL) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other research firms have also commented on NWFL. Zacks Research lowered shares of Norwood Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Norwood Financial in a research note on Monday, December 29th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Norwood Financial has a consensus rating of “Hold” and a consensus target price of $26.50.

Norwood Financial Price Performance

Norwood Financial stock opened at $30.43 on Friday. Norwood Financial has a 12-month low of $21.25 and a 12-month high of $30.59. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average price of $28.66 and a 200-day moving average price of $26.76. The firm has a market capitalization of $281.78 million, a PE ratio of 10.18 and a beta of 0.61.

Insider Activity at Norwood Financial

In related news, Director Joseph W. Carroll bought 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The stock was purchased at an average price of $28.13 per share, for a total transaction of $112,520.00. Following the acquisition, the director owned 41,503 shares of the company’s stock, valued at approximately $1,167,479.39. This trade represents a 10.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James Shook bought 3,500 shares of the stock in a transaction that occurred on Wednesday, January 28th. The shares were purchased at an average price of $28.80 per share, with a total value of $100,800.00. Following the completion of the acquisition, the director directly owned 8,330 shares in the company, valued at $239,904. This trade represents a 72.46% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 9,700 shares of company stock valued at $274,770. Insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On Norwood Financial

Several large investors have recently modified their holdings of NWFL. Osaic Holdings Inc. raised its holdings in shares of Norwood Financial by 130.7% in the second quarter. Osaic Holdings Inc. now owns 1,061 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 601 shares during the last quarter. Cetera Investment Advisers increased its position in Norwood Financial by 1.0% during the 2nd quarter. Cetera Investment Advisers now owns 61,743 shares of the financial services provider’s stock worth $1,592,000 after purchasing an additional 604 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Norwood Financial by 18.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,909 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 765 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Norwood Financial by 68.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,138 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 872 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Norwood Financial by 144.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,100 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 1,241 shares in the last quarter. 28.08% of the stock is owned by institutional investors and hedge funds.

Norwood Financial Company Profile

Norwood Financial Corporation is the bank holding company for Norwood Bank, a community-oriented financial institution headquartered in Norwood, Massachusetts. Incorporated in 2010, the company oversees a network of branch offices serving suburban and metropolitan communities in eastern Massachusetts. Norwood Financial’s mission emphasizes personalized service, local decision-making and a commitment to supporting neighborhood growth.

The company’s primary business activities encompass a full suite of personal and commercial banking products and services.