Norwood Financial (NASDAQ:NWFL) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Norwood Financial (NASDAQ:NWFL) from a sell rating to a hold rating in a research report report published on Wednesday.

A number of other equities research analysts have also weighed in on NWFL. Janney Montgomery Scott initiated coverage on shares of Norwood Financial in a research note on Thursday, January 2nd. They set a “buy” rating and a $31.00 target price on the stock. Piper Sandler started coverage on Norwood Financial in a research report on Wednesday, January 8th. They set a “neutral” rating and a $28.00 price objective on the stock.

Norwood Financial Trading Down 3.0 %

NWFL opened at $25.19 on Wednesday. The firm has a market capitalization of $203.79 million, a price-to-earnings ratio of 2,519.00 and a beta of 0.61. Norwood Financial has a one year low of $23.50 and a one year high of $34.50. The business has a 50 day simple moving average of $27.10 and a two-hundred day simple moving average of $27.75. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91.

Norwood Financial (NASDAQ:NWFL) last announced its quarterly earnings results on Monday, February 3rd. The financial services provider reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.17). Norwood Financial had a positive return on equity of 8.38% and a negative net margin of 0.16%. Analysts predict that Norwood Financial will post 2.51 EPS for the current year.

Norwood Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date was Wednesday, January 15th. This is a boost from Norwood Financial’s previous quarterly dividend of $0.30. Norwood Financial’s payout ratio is 12,400.00%.

Insider Transactions at Norwood Financial

In related news, Director Ronald R. Schmalzle purchased 2,563 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were bought at an average price of $26.43 per share, for a total transaction of $67,740.09. Following the purchase, the director now directly owns 15,168 shares of the company’s stock, valued at approximately $400,890.24. This represents a 20.33 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired 12,255 shares of company stock valued at $319,732 in the last three months. 9.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Norwood Financial

Several hedge funds have recently added to or reduced their stakes in NWFL. Emerald Advisers LLC bought a new position in shares of Norwood Financial during the fourth quarter valued at $122,000. Wells Fargo & Company MN increased its stake in Norwood Financial by 21.7% during the 4th quarter. Wells Fargo & Company MN now owns 5,203 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 928 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in Norwood Financial in the third quarter worth about $200,000. Barclays PLC raised its holdings in Norwood Financial by 280.5% in the third quarter. Barclays PLC now owns 9,787 shares of the financial services provider’s stock worth $270,000 after buying an additional 7,215 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Norwood Financial by 250.5% in the third quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider’s stock worth $384,000 after buying an additional 9,950 shares in the last quarter. 28.08% of the stock is owned by institutional investors.

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.