StockNews.com Downgrades Norwood Financial (NASDAQ:NWFL) to Sell

StockNews.com lowered shares of Norwood Financial (NASDAQ:NWFL - Free Report) from a hold rating to a sell rating in a research report released on Tuesday morning.

A number of other research analysts also recently issued reports on NWFL. 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 on the stock. Janney Montgomery Scott began coverage on Norwood Financial in a research report on Thursday, January 2nd. They set a "buy" rating and a $31.00 price target for the company.

Norwood Financial Trading Up 1.5 %

Shares of NASDAQ NWFL traded up $0.38 during midday trading on Tuesday, hitting $25.84. The company's stock had a trading volume of 11,924 shares, compared to its average volume of 11,680. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. The business's 50 day moving average is $26.24 and its two-hundred day moving average is $27.66. Norwood Financial has a 12-month low of $23.50 and a 12-month high of $34.50. The firm has a market cap of $209.10 million, a P/E ratio of 2,584.00 and a beta of 0.61.

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Norwood Financial (NASDAQ:NWFL - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The financial services provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.17). Norwood Financial had a positive return on equity of 8.38% and a negative net margin of 0.16%. As a group, equities research analysts expect that Norwood Financial will post 2.51 EPS for the current year.

Norwood Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Wednesday, January 15th were issued a $0.31 dividend. This is a boost from Norwood Financial's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $1.24 dividend on an annualized basis and a yield of 4.80%. Norwood Financial's dividend payout ratio is presently 12,400.00%.

Insider Buying and Selling

In other Norwood Financial news, Director Ronald R. Schmalzle purchased 2,563 shares of Norwood Financial stock in a transaction that occurred on Tuesday, February 4th. The stock was bought at an average price of $26.43 per share, with a total value of $67,740.09. Following the acquisition, the director now owns 15,168 shares of the company's stock, valued at $400,890.24. This trade represents a 20.33 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders acquired 12,255 shares of company stock valued at $319,732. 9.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Norwood Financial

Hedge funds have recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Norwood Financial in the third quarter valued at approximately $200,000. Charles Schwab Investment Management Inc. boosted its position in shares of Norwood Financial by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 20,537 shares of the financial services provider's stock worth $566,000 after buying an additional 600 shares during the period. State Street Corp boosted its position in shares of Norwood Financial by 2.5% during the third quarter. State Street Corp now owns 99,889 shares of the financial services provider's stock worth $2,755,000 after buying an additional 2,402 shares during the period. Barclays PLC boosted its position in shares of Norwood Financial by 280.5% during the third quarter. Barclays PLC now owns 9,787 shares of the financial services provider's stock worth $270,000 after buying an additional 7,215 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Norwood Financial by 250.5% in the third quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider's stock valued at $384,000 after acquiring an additional 9,950 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.