Norwood Financial (NASDAQ:NWFL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Norwood Financial (NASDAQ:NWFL) from a hold rating to a buy rating in a report published on Tuesday.

Other equities analysts have also issued research reports about the company. Weiss Ratings lowered Norwood Financial from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. Zacks Research raised shares of Norwood Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, Stephens restated an “equal weight” rating and set a $26.50 price objective on shares of Norwood Financial in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Norwood Financial currently has an average rating of “Hold” and a consensus target price of $28.50.

Norwood Financial Stock Performance

NWFL stock opened at $26.57 on Tuesday. The stock’s 50 day simple moving average is $26.01 and its 200 day simple moving average is $25.48. 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 market capitalization of $246.04 million, a PE ratio of 40.88 and a beta of 0.69.

Norwood Financial (NASDAQ:NWFL) last posted its earnings results on Wednesday, October 22nd. The financial services provider reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.26. The business had revenue of $22.10 million during the quarter, compared to analyst estimates of $22.10 million. Norwood Financial had a return on equity of 10.86% and a net margin of 6.82%.During the same quarter last year, the company earned $0.48 EPS. As a group, research analysts forecast that Norwood Financial will post 2.51 earnings per share for the current fiscal year.

Norwood Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.7%. Norwood Financial’s dividend payout ratio (DPR) is presently 190.77%.

Insider Buying and Selling

In other Norwood Financial news, Director James Shook bought 3,800 shares of Norwood Financial stock in a transaction on Monday, October 27th. The stock was acquired at an average cost of $26.71 per share, with a total value of $101,498.00. Following the completion of the acquisition, the director owned 4,830 shares in the company, valued at approximately $129,009.30. This represents a 368.93% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On Norwood Financial

A number of hedge funds have recently modified their holdings of 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 worth $27,000 after purchasing an additional 601 shares during the period. Tower Research Capital LLC TRC increased its position 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 worth $46,000 after buying an additional 1,321 shares in the last quarter. Corebridge Financial Inc. raised its stake in shares of Norwood Financial by 13.0% in the first quarter. Corebridge Financial Inc. now owns 4,079 shares of the financial services provider’s stock worth $99,000 after buying an additional 468 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Norwood Financial by 18.5% in the first 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 during the period. Finally, Alliance Wealth Advisors LLC purchased a new position in shares of Norwood Financial during the 3rd quarter valued at about $289,000. Institutional investors own 28.08% of the company’s stock.

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.