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

Key Points

• Wall Street Zen upgraded Norwood Financial from “hold” to “buy.” Overall analyst sentiment remains “hold,” with one Buy and two Hold ratings and a consensus price target of $37.
• Norwood reported quarterly EPS of $1.08, beating the $0.95 consensus estimate; revenue of $30.93 million also exceeded expectations.
• NWFL shares opened at $35.96, near the $37.74 one-year high. EVP Vincent O’Bell sold 3,000 shares, reducing his holdings by 40.58%.

Norwood Financial (NASDAQ:NWFL - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

NWFL has been the topic of a number of other reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Norwood Financial in a report on Thursday, October 22nd. Stephens upped their price target on shares of Norwood Financial from $35.00 to $37.00 and gave the company an "equal weight" rating in a report on Monday, November 9th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Norwood Financial presently has an average rating of "Hold" and a consensus price target of $37.00.

Norwood Financial Stock Down 0.1%

Shares of NWFL stock opened at $35.96 on Friday. Norwood Financial has a 1 year low of $26.83 and a 1 year high of $37.74. The stock has a market cap of $392.32 million, a PE ratio of 11.64 and a beta of 0.55. The business's fifty day moving average is $34.64 and its 200-day moving average is $32.01. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.91 and a current ratio of 0.91.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The financial services provider reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.13. The company had revenue of $30.93 million for the quarter, compared to the consensus estimate of $30.00 million. Norwood Financial had a return on equity of 13.39% and a net margin of 19.67%. Equities analysts expect that Norwood Financial will post 3.56 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Vincent O'bell sold 3,000 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $34.52, for a total transaction of $103,560.00. Following the completion of the sale, the executive vice president owned 4,392 shares in the company, valued at approximately $151,611.84. This represents a 40.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.10% of the company's stock.

Hedge Funds Weigh In On Norwood Financial

Hedge funds have recently modified their holdings of the stock. Legal & General Group Plc purchased a new stake in shares of Norwood Financial during the second quarter valued at $33,000. De Lisle Partners LLP acquired a new position in shares of Norwood Financial in the 2nd quarter valued at $286,000. Walleye Capital LLC acquired a new position in shares of Norwood Financial in the 2nd quarter valued at $323,000. Deutsche Bank AG purchased a new position in Norwood Financial in the 2nd quarter worth about $323,000. Finally, Raffles Associates LP purchased a new position in Norwood Financial in the 2nd quarter worth about $352,000. 28.08% of the stock is currently owned by institutional investors and hedge funds.

Norwood Financial Company Profile

Norwood Financial Corporation is a bank holding company headquartered in Honesdale, Pennsylvania. Its principal subsidiary, Wayne Bank, provides community banking services to individuals, businesses and organizations. Wayne Bank offers deposit accounts, consumer and commercial loans, mortgages, and other lending services, along with digital banking. The company also provides trust and wealth management services. Through its branch network, Norwood Financial serves communities in northeastern Pennsylvania and parts of New York.

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