Wall Street Zen Downgrades Norwood Financial (NASDAQ:NWFL) to Hold

Norwood Financial (NASDAQ:NWFL) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other equities research analysts also recently commented on NWFL. Stephens reiterated an “equal weight” rating and set a $26.50 price target on shares of Norwood Financial in a report on Tuesday, July 8th. Zacks Research lowered Norwood Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Norwood Financial in a research note on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.50.

Norwood Financial Stock Up 1.3%

NWFL stock opened at $25.49 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.90 and a quick ratio of 0.90. The company’s 50 day simple moving average is $25.64 and its 200-day simple moving average is $25.21. Norwood Financial has a 12 month low of $21.25 and a 12 month high of $34.50. The firm has a market capitalization of $236.04 million, a PE ratio of 106.21 and a beta of 0.69.

Norwood Financial (NASDAQ:NWFL) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. The firm had revenue of $21.20 million for the quarter, compared to analyst estimates of $21.16 million. Norwood Financial had a return on equity of 8.86% and a net margin of 2.92%. Equities analysts expect that Norwood Financial will post 2.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Norwood Financial

Institutional investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. boosted its position in Norwood Financial by 130.7% in the 2nd quarter. Osaic Holdings Inc. now owns 1,061 shares of the financial services provider’s stock valued at $27,000 after buying an additional 601 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Norwood Financial by 293.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,771 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,321 shares during the last quarter. Corebridge Financial Inc. grew its stake in Norwood Financial by 13.0% during the 1st quarter. Corebridge Financial Inc. now owns 4,079 shares of the financial services provider’s stock valued at $99,000 after purchasing an additional 468 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Norwood Financial by 18.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,909 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 765 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Norwood Financial by 42,200.0% during the 1st 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 during the last quarter. Institutional investors and hedge funds 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.