Norwood Financial (NASDAQ:NWFL) Now Covered by Piper Sandler

Stock analysts at Piper Sandler assumed coverage on shares of Norwood Financial (NASDAQ:NWFL - Get Free Report) in a research report issued on Wednesday, Marketbeat Ratings reports. The firm set a "neutral" rating and a $28.00 price target on the financial services provider's stock. Piper Sandler's price target indicates a potential upside of 6.30% from the stock's previous close.

Separately, Janney Montgomery Scott began coverage on shares of Norwood Financial in a research report on Thursday, January 2nd. They issued a "buy" rating and a $31.00 price target for the company.

Norwood Financial Stock Performance

NWFL traded up $0.35 during trading on Wednesday, hitting $26.34. 9,353 shares of the stock were exchanged, compared to its average volume of 8,711. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.74. Norwood Financial has a 1-year low of $23.50 and a 1-year high of $34.50. The stock has a fifty day moving average price of $29.41 and a two-hundred day moving average price of $27.77. The firm has a market capitalization of $213.14 million, a P/E ratio of 16.57 and a beta of 0.62.

Insider Buying and Selling at Norwood Financial

In other news, Director Ronald R. Schmalzle bought 7,692 shares of Norwood Financial stock in a transaction dated Thursday, December 19th. The stock was bought at an average price of $26.00 per share, for a total transaction of $199,992.00. Following the purchase, the director now owns 15,510 shares of the company's stock, valued at approximately $403,260. The trade was a 98.39 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 9.10% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC acquired a new position in Norwood Financial during the 3rd quarter worth approximately $200,000. Barclays PLC lifted its holdings in Norwood Financial by 280.5% in the third 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 during the period. JPMorgan Chase & Co. lifted its holdings in 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 during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Norwood Financial by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,537 shares of the financial services provider's stock worth $566,000 after purchasing an additional 600 shares during the period. Finally, Code Waechter LLC acquired a new position in shares of Norwood Financial during the 3rd quarter worth $815,000. 28.08% of the stock is owned by hedge funds and other 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.