Norwood Financial (NASDAQ:NWFL) Upgraded by Stephens to "Hold" Rating

Stephens upgraded shares of Norwood Financial (NASDAQ:NWFL - Free Report) to a hold rating in a report published on Monday morning,Zacks.com reports.

A number of other brokerages have also recently issued reports on NWFL. StockNews.com cut shares of Norwood Financial from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. Janney Montgomery Scott assumed coverage on shares of Norwood Financial in a report on Thursday, January 2nd. They issued a "buy" rating and a $31.00 target price on the stock. Finally, Piper Sandler began coverage on shares of Norwood Financial in a research note on Wednesday, January 8th. They set a "neutral" rating and a $28.00 target price for the company.

Norwood Financial Stock Performance

NASDAQ:NWFL traded up $0.56 during trading hours on Monday, reaching $23.01. The company had a trading volume of 98,299 shares, compared to its average volume of 13,390. The firm's 50 day moving average price is $24.38 and its 200-day moving average price is $26.91. The firm has a market cap of $213.14 million, a price-to-earnings ratio of 2,301.00 and a beta of 0.54. Norwood Financial has a 52 week low of $21.25 and a 52 week high of $34.50. 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 (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 negative net margin of 0.16% and a positive return on equity of 8.38%. The business had revenue of $20.20 million during the quarter, compared to analysts' expectations of $20.60 million. On average, analysts forecast that Norwood Financial will post 2.51 EPS for the current year.

Norwood Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.24 annualized dividend and a yield of 5.39%. Norwood Financial's dividend payout ratio (DPR) is currently 1,377.78%.

Insider Transactions at Norwood Financial

In other Norwood Financial news, Director Ronald R. Schmalzle bought 2,563 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was acquired at an average cost of $26.43 per share, for a total transaction of $67,740.09. Following the completion of the transaction, the director now owns 15,168 shares in the company, valued at $400,890.24. This trade represents a 20.33 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.10% of the company's stock.

Hedge Funds Weigh In On Norwood Financial

A number of hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP bought a new position in Norwood Financial in the fourth quarter worth approximately $16,814,000. The Manufacturers Life Insurance Company bought a new position in shares of Norwood Financial during the 4th quarter worth $4,840,000. Alliancebernstein L.P. bought a new stake in shares of Norwood Financial in the fourth quarter valued at about $2,092,000. Jacobs Asset Management LLC purchased a new stake in Norwood Financial in the fourth quarter worth about $1,671,000. Finally, Raymond James Financial Inc. bought a new position in Norwood Financial during the 4th quarter worth about $1,394,000. 28.08% of the stock is currently owned by institutional investors.

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.