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

Norwood Financial (NASDAQ:NWFL - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a report issued on Friday.

NWFL has been the subject of several other reports. Stephens upgraded Norwood Financial to a "hold" rating in a report on Monday, April 14th. Janney Montgomery Scott started coverage on shares of Norwood Financial in a report on Thursday, January 2nd. They issued a "buy" rating and a $31.00 target price for the company. Finally, Piper Sandler initiated coverage on shares of Norwood Financial in a report on Wednesday, January 8th. They issued a "neutral" rating and a $28.00 price target on the stock.

Norwood Financial Price Performance

NASDAQ:NWFL traded up $0.81 during mid-day trading on Friday, hitting $23.82. 39,691 shares of the company's stock traded hands, compared to its average volume of 13,521. Norwood Financial has a 1 year low of $21.25 and a 1 year high of $34.50. The company has a market cap of $220.64 million, a PE ratio of 2,382.00 and a beta of 0.54. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.91. The firm's 50 day simple moving average is $24.36 and its 200 day simple moving average is $26.89.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $0.63 EPS for the quarter, beating 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 analysts' expectations of $20.60 million. Sell-side analysts expect that Norwood Financial will post 2.51 EPS for the current year.

Insider Buying and Selling

In other news, Director Ronald R. Schmalzle acquired 2,563 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 15,168 shares of the company's stock, valued at $400,890.24. The trade was a 20.33 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 9.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Norwood Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Norwood Financial by 42,200.0% during the first quarter. GAMMA Investing LLC now owns 5,076 shares of the financial services provider's stock worth $123,000 after acquiring an additional 5,064 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Norwood Financial in the 4th quarter valued at approximately $16,814,000. Mascagni Wealth Management Inc. purchased a new position in shares of Norwood Financial during the 4th quarter valued at approximately $137,000. Jacobs Asset Management LLC acquired a new stake in shares of Norwood Financial during the fourth quarter worth approximately $1,671,000. Finally, Deutsche Bank AG acquired a new stake in Norwood Financial in the fourth quarter valued at $232,000. Hedge funds and other 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.