Norwood Financial Corp. (NASDAQ:NWFL) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Norwood Financial Corp. (NASDAQ:NWFL) has received a consensus rating of "Hold" from four research firms, with one analyst assigning a buy rating and an average price target set at $28.50.
• The company reported a quarterly earnings per share of $0.67, surpassing analyst estimates, and will distribute a quarterly dividend of $0.31 on November 3rd.
• Currently, Norwood Financial shares are priced at $25.49, with a 52-week range between $21.25 and $34.50, indicating moderate volatility in its stock performance.

Shares of Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) have been assigned an average recommendation of "Hold" from the four research firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $28.50.

Several brokerages have weighed in on NWFL. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Norwood Financial in a research report on Saturday, September 27th. Zacks Research lowered Norwood Financial from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 8th. Wall Street Zen raised Norwood Financial from a "hold" rating to a "buy" rating in a research note on Sunday, August 10th. Finally, Stephens reissued an "equal weight" rating and issued a $26.50 price target on shares of Norwood Financial in a research note on Tuesday, July 8th.

Norwood Financial Stock Up 1.3%

Shares of Norwood Financial stock traded up $0.33 on Friday, hitting $25.49. 50,295 shares of the company's stock traded hands, compared to its average volume of 19,680. The stock has a market cap of $236.04 million, a P/E ratio of 106.21 and a beta of 0.69. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.38. The firm's 50-day moving average is $25.63 and its 200 day moving average is $25.20. Norwood Financial has a 52-week low of $21.25 and a 52-week high of $34.50.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.03. The business 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 anticipate that Norwood Financial will post 2.51 earnings per share for the current year.

Norwood Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be given a $0.31 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.9%. Norwood Financial's dividend payout ratio (DPR) is 516.67%.

Institutional Investors Weigh In On Norwood Financial

Several hedge funds have recently bought and sold shares of NWFL. Marshall Wace LLP purchased a new stake in Norwood Financial in the 2nd quarter worth about $648,000. Fourthstone LLC purchased a new stake in Norwood Financial in the 2nd quarter worth about $510,000. Raymond James Financial Inc. lifted its stake in Norwood Financial by 20.8% in the 2nd quarter. Raymond James Financial Inc. now owns 89,419 shares of the financial services provider's stock worth $2,305,000 after acquiring an additional 15,408 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Norwood Financial in the 2nd quarter worth about $363,000. Finally, Nuveen LLC purchased a new stake in Norwood Financial in the 1st quarter worth about $319,000. 28.08% of the stock is owned by hedge funds and other 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.

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