Norwood Financial (NASDAQ:NWFL) Upgraded at StockNews.com

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

Several other equities research analysts have also commented on the company. Janney Montgomery Scott started coverage on Norwood Financial in a research note on Thursday, January 2nd. They set a "buy" rating and a $31.00 price objective for the company. Piper Sandler initiated coverage on Norwood Financial in a research report on Wednesday, January 8th. They issued a "neutral" rating and a $28.00 price objective for the company.

Norwood Financial Stock Down 0.3 %

Shares of NASDAQ:NWFL traded down $0.09 on Wednesday, reaching $25.93. The company had a trading volume of 5,119 shares, compared to its average volume of 13,145. Norwood Financial has a 52-week low of $23.50 and a 52-week high of $34.50. The firm's 50 day simple moving average is $26.93 and its 200-day simple moving average is $27.73. The firm has a market capitalization of $209.77 million, a PE ratio of 2,593.00 and a beta of 0.61. 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 issued its quarterly earnings data on Monday, February 3rd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.17). Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%. As a group, analysts expect that Norwood Financial will post 2.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Ronald R. Schmalzle purchased 2,563 shares of Norwood Financial stock in a transaction dated Tuesday, February 4th. The stock was bought at an average cost of $26.43 per share, for a total transaction of $67,740.09. Following the transaction, the director now owns 15,168 shares in the company, valued at approximately $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 is available through this link. Insiders have purchased a total of 12,255 shares of company stock valued at $319,732 over the last quarter. 9.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Norwood Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Emerald Advisers LLC acquired a new position in shares of Norwood Financial during the 4th quarter worth approximately $122,000. Wells Fargo & Company MN lifted its holdings in shares of Norwood Financial by 21.7% during the 4th quarter. Wells Fargo & Company MN now owns 5,203 shares of the financial services provider's stock valued at $142,000 after acquiring an additional 928 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in shares of Norwood Financial during the 3rd quarter valued at $200,000. Barclays PLC lifted its holdings in shares of Norwood Financial by 280.5% during the 3rd quarter. Barclays PLC now owns 9,787 shares of the financial services provider's stock valued at $270,000 after acquiring an additional 7,215 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Norwood Financial by 250.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider's stock worth $384,000 after buying an additional 9,950 shares in the last quarter. 28.08% of the stock is currently owned by institutional investors and hedge funds.

About Norwood Financial

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.