Stephens Reiterates "Equal Weight" Rating for Norwood Financial (NASDAQ:NWFL)

Norwood Financial (NASDAQ:NWFL - Get Free Report)'s stock had its "equal weight" rating reiterated by equities researchers at Stephens in a research note issued to investors on Monday,Benzinga reports. They presently have a $25.50 target price on the financial services provider's stock. Stephens' target price points to a potential upside of 5.30% from the stock's current price.

Other equities analysts also recently issued research reports about the stock. StockNews.com raised shares of Norwood Financial from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Janney Montgomery Scott began 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. Finally, Piper Sandler started coverage on Norwood Financial in a research note on Wednesday, January 8th. They issued a "neutral" rating and a $28.00 target price on the stock.

Norwood Financial Stock Down 2.0 %

Norwood Financial stock traded down $0.48 during trading hours on Monday, hitting $24.22. 778 shares of the stock traded hands, compared to its average volume of 13,697. Norwood Financial has a one year low of $21.25 and a one year high of $34.50. The company has a market cap of $224.31 million, a PE ratio of 2,417.00 and a beta of 0.54. The firm's 50-day moving average price is $24.28 and its two-hundred day moving average price is $26.84. 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 quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.63 EPS for the quarter, beating the consensus estimate of $0.59 by $0.04. The business had revenue of $20.20 million during the quarter, compared to analyst estimates of $20.60 million. Norwood Financial had a positive return on equity of 8.38% and a negative net margin of 0.16%. On average, research analysts forecast that Norwood Financial will post 2.51 EPS for the current year.

Insiders Place Their Bets

In other Norwood Financial news, Director Ronald R. Schmalzle acquired 2,563 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were bought at an average cost 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 approximately $400,890.24. This represents a 20.33 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 9.10% of the company's stock.

Hedge Funds Weigh In On Norwood Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in shares of Norwood Financial by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 166,450 shares of the financial services provider's stock valued at $4,529,000 after purchasing an additional 811 shares during the last quarter. Wells Fargo & Company MN grew its position in Norwood Financial by 21.7% in the 4th quarter. Wells Fargo & Company MN now owns 5,203 shares of the financial services provider's stock worth $142,000 after purchasing an additional 928 shares during the period. Barclays PLC raised its stake in Norwood Financial by 11.6% during the 4th quarter. Barclays PLC now owns 10,926 shares of the financial services provider's stock valued at $298,000 after buying an additional 1,139 shares during the last quarter. State Street Corp lifted its holdings in shares of Norwood Financial by 2.5% during the 3rd quarter. State Street Corp now owns 99,889 shares of the financial services provider's stock valued at $2,755,000 after buying an additional 2,402 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Norwood Financial by 48.9% in the 4th quarter. Bank of America Corp DE now owns 9,086 shares of the financial services provider's stock worth $247,000 after buying an additional 2,985 shares during the last quarter. Institutional investors own 28.08% of the company's stock.

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.