Norwood Financial’s (NWFL) Equal Weight Rating Reiterated at Stephens

Norwood Financial (NASDAQ:NWFL)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Stephens in a research note issued on Monday,Benzinga reports. They currently have a $25.50 price objective on the financial services provider’s stock. Stephens’ target price indicates a potential upside of 7.55% from the stock’s current price.

A number of other brokerages also recently commented on NWFL. StockNews.com upgraded shares of Norwood Financial from a “sell” rating to a “hold” rating in a report on Friday. Piper Sandler initiated coverage on Norwood Financial in a research note on Wednesday, January 8th. They issued a “neutral” rating and a $28.00 price target for the company. Finally, Janney Montgomery Scott initiated coverage on shares of Norwood Financial in a research note on Thursday, January 2nd. They issued a “buy” rating and a $31.00 target price for the company.

Norwood Financial Stock Up 3.0 %

Shares of NWFL traded up $0.70 during midday trading on Monday, reaching $23.71. 2,922 shares of the stock were exchanged, compared to its average volume of 13,379. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. The company’s 50 day moving average is $24.38 and its two-hundred day moving average is $26.91. The company has a market capitalization of $219.63 million, a P/E ratio of 2,371.00 and a beta of 0.54. Norwood Financial has a 52 week low of $21.25 and a 52 week high of $34.50.

Norwood Financial (NASDAQ:NWFL) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. The firm had revenue of $20.20 million for the quarter, compared to the consensus estimate of $20.60 million. Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%. On average, sell-side analysts anticipate that Norwood Financial will post 2.51 earnings per share for the current year.

Insiders Place Their Bets

In other Norwood Financial news, Director Ronald R. Schmalzle acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were purchased at an average cost of $26.00 per share, for a total transaction of $52,000.00. Following the completion of the acquisition, the director now owns 17,621 shares of the company’s stock, valued at approximately $458,146. The trade was a 12.80 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 9.10% of the company’s stock.

Hedge Funds Weigh In On Norwood Financial

Hedge funds have recently modified their holdings of the business. Emerald Advisers LLC purchased a new stake in shares of Norwood Financial in the 4th quarter valued at approximately $122,000. GAMMA Investing LLC lifted its stake in Norwood Financial by 42,200.0% during the first quarter. GAMMA Investing LLC now owns 5,076 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 5,064 shares in the last quarter. Mascagni Wealth Management Inc. purchased a new position in shares of Norwood Financial during the fourth quarter worth $137,000. Wells Fargo & Company MN raised its holdings in shares of 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 valued at $142,000 after buying an additional 928 shares during the period. Finally, Deutsche Bank AG acquired a new position in Norwood Financial during the 4th quarter worth about $232,000. 28.08% of the stock is currently 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.