Norwood Financial (NASDAQ:NWFL) Upgraded to “Hold” by ValuEngine

ValuEngine upgraded shares of Norwood Financial (NASDAQ:NWFL) from a sell rating to a hold rating in a report issued on Thursday, ValuEngine reports.

Separately, TheStreet cut Norwood Financial from a b- rating to a c+ rating in a research note on Tuesday, April 14th.

Shares of NASDAQ NWFL opened at $24.70 on Thursday. The stock has a market cap of $156.32 million, a price-to-earnings ratio of 11.03 and a beta of 0.46. The business has a 50 day simple moving average of $23.82 and a 200 day simple moving average of $29.41. Norwood Financial has a 52 week low of $21.20 and a 52 week high of $39.69. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.93 and a current ratio of 0.93.

Norwood Financial (NASDAQ:NWFL) last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.49 EPS for the quarter. The business had revenue of $11.32 million during the quarter. Norwood Financial had a return on equity of 10.33% and a net margin of 25.83%.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 17th will be issued a $0.25 dividend. The ex-dividend date is Thursday, July 16th. This represents a $1.00 annualized dividend and a yield of 4.05%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada lifted its holdings in Norwood Financial by 76.5% in the 1st quarter. Royal Bank of Canada now owns 1,073 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 465 shares during the last quarter. Citigroup Inc. lifted its holdings in Norwood Financial by 45.9% in the 4th quarter. Citigroup Inc. now owns 1,157 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 364 shares during the last quarter. Barclays PLC lifted its holdings in Norwood Financial by 100.2% in the 4th quarter. Barclays PLC now owns 5,882 shares of the financial services provider’s stock worth $228,000 after purchasing an additional 2,944 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Norwood Financial by 29.0% in the 1st quarter. JPMorgan Chase & Co. now owns 10,173 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 2,286 shares during the last quarter. Finally, California Public Employees Retirement System acquired a new stake in Norwood Financial in the 4th quarter worth approximately $273,000. Hedge funds and other institutional investors own 20.82% 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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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