Norwood Financial (NASDAQ:NWFL) Stock Rating Upgraded by Wall Street Zen

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

Several other analysts have also recently weighed in on the company. Stephens reissued an “equal weight” rating and set a $26.50 price target on shares of Norwood Financial in a report on Tuesday, July 8th. Weiss Ratings cut Norwood Financial from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. Finally, Zacks Research cut Norwood Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Norwood Financial presently has a consensus rating of “Hold” and a consensus price target of $28.50.

Norwood Financial Stock Performance

Shares of NASDAQ NWFL opened at $24.90 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38. Norwood Financial has a 12 month low of $21.25 and a 12 month high of $34.50. The stock has a 50 day moving average of $25.76 and a 200-day moving average of $25.23. The company has a market capitalization of $230.57 million, a P/E ratio of 103.75 and a beta of 0.69.

Norwood Financial (NASDAQ:NWFL) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.64 by $0.03. Norwood Financial had a return on equity of 8.86% and a net margin of 2.92%.The company had revenue of $21.20 million during the quarter, compared to the consensus estimate of $21.16 million. As a group, equities research analysts predict that Norwood Financial will post 2.51 EPS for the current year.

Hedge Funds Weigh In On Norwood Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NWFL. Osaic Holdings Inc. raised its holdings 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 acquiring an additional 601 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Norwood Financial by 293.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,771 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 1,321 shares in the last quarter. Corebridge Financial Inc. raised its holdings in Norwood Financial by 13.0% in the 1st quarter. Corebridge Financial Inc. now owns 4,079 shares of the financial services provider’s stock valued at $99,000 after acquiring an additional 468 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 worth $119,000 after buying an additional 765 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of 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 buying an additional 5,064 shares in the last quarter. 28.08% of the stock is owned by institutional investors and hedge funds.

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.