Norwood Financial (NASDAQ:NWFL) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• Norwood Financial has been downgraded from a "buy" to a "hold" rating by analysts at Wall Street Zen, indicating a shift in market sentiment regarding the stock's performance.
• The stock is currently priced at $24.08, with a market cap of approximately $222.98 million and a P/E ratio of 100.34.
• In recent institutional trading activity, major investors have increased their stakes in Norwood Financial, with 28.08% of the stock now held by institutional investors and hedge funds.

Norwood Financial (NASDAQ:NWFL - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

Separately, Stephens reissued an "equal weight" rating and set a $26.50 price target on shares of Norwood Financial in a research report on Tuesday, July 8th.

Norwood Financial Stock Performance

NWFL stock opened at $24.08 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.54. The firm has a market cap of $222.98 million, a P/E ratio of 100.34 and a beta of 0.69. Norwood Financial has a 12-month low of $21.25 and a 12-month high of $34.50. The stock's 50 day simple moving average is $25.38 and its 200 day simple moving average is $25.19.

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 9.02% and a net margin of 2.92%. As a group, equities research analysts predict that Norwood Financial will post 2.51 EPS for the current year.

Institutional Investors Weigh In On Norwood Financial

Several large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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. Corebridge Financial Inc. increased its position in 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. Wellington Management Group LLP increased its position in Norwood Financial by 2.1% in the first quarter. Wellington Management Group LLP now owns 630,867 shares of the financial services provider's stock worth $15,248,000 after buying an additional 12,815 shares during the period. Nuveen LLC acquired a new stake in Norwood Financial in the first quarter worth $319,000. Finally, Charles Schwab Investment Management Inc. increased its position in Norwood Financial by 12.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 23,165 shares of the financial services provider's stock worth $560,000 after buying an additional 2,628 shares during the period. 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.

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