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

Key Points

• Norwood Financial (NASDAQ:NWFL) has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, indicating a shift in analyst sentiment towards the stock.
• Other analysts, including Stephens and Zacks Research, have also issued "hold" ratings, with the average target price currently set at $28.50.
• The company reported $0.67 earnings per share for the last quarter, exceeding the consensus estimate, and has a market capitalization of approximately $236.04 million.

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 note issued to investors on Saturday.

A number of other equities analysts have also recently weighed in on NWFL. 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. Weiss Ratings reissued a "hold (c-)" rating on shares of Norwood Financial in a research note on Saturday, September 27th. Finally, Zacks Research cut Norwood Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Norwood Financial currently has an average rating of "Hold" and an average target price of $28.50.

Norwood Financial Stock Performance

NWFL stock opened at $25.49 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $236.04 million, a price-to-earnings ratio of 106.21 and a beta of 0.69. Norwood Financial has a 1 year low of $21.25 and a 1 year high of $34.50. The stock's fifty day moving average is $25.64 and its two-hundred day moving average is $25.20.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.03. The business had revenue of $21.20 million during the quarter, compared to the consensus estimate of $21.16 million. Norwood Financial had a net margin of 2.92% and a return on equity of 8.86%. On average, research analysts predict that Norwood Financial will post 2.51 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NWFL. Osaic Holdings Inc. boosted its holdings in Norwood Financial by 130.7% in the second quarter. Osaic Holdings Inc. now owns 1,061 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 601 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings 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 valued at $46,000 after acquiring an additional 1,321 shares during the last quarter. Corebridge Financial Inc. boosted its holdings in Norwood Financial by 13.0% during 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Norwood Financial by 18.5% during 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 last quarter. Finally, GAMMA Investing LLC boosted its holdings in Norwood Financial by 42,200.0% during the first quarter. GAMMA Investing LLC now owns 5,076 shares of the financial services provider's stock worth $123,000 after buying an additional 5,064 shares during the last quarter. 28.08% of the stock is currently 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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