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

Key Points

• Norwood Financial (NASDAQ:NWFL) has been downgraded by Wall Street Zen from a "buy" to a "hold" rating, reflecting a shift in analyst sentiment.
• The stock now has a consensus rating of "hold" with an average price target of $28.50, down from recent higher projections.
• Norwood Financial reported quarterly earnings of $0.67 EPS, exceeding analyst estimates, but continues to face mixed ratings from multiple analysts.

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 report issued on Monday.

NWFL has been the topic of a number of other reports. Zacks Research cut shares of Norwood Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Stephens reaffirmed an "equal weight" rating and issued a $26.50 price objective on shares of Norwood Financial in a research note on Tuesday, July 8th. Finally, Weiss Ratings cut shares of Norwood Financial from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $28.50.

Norwood Financial Price Performance

NWFL opened at $24.37 on Monday. Norwood Financial has a one year low of $21.25 and a one year high of $34.50. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.90 and a quick ratio of 0.90. The company's 50 day simple moving average is $25.80 and its 200-day simple moving average is $25.25. The stock has a market capitalization of $225.67 million, a P/E ratio of 101.55 and a beta of 0.69.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.03. Norwood Financial had a net margin of 2.92% and a return on equity of 8.86%. The firm had revenue of $21.20 million for the quarter, compared to analysts' expectations of $21.16 million. Sell-side analysts anticipate that Norwood Financial will post 2.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Norwood Financial

Several hedge funds have recently bought and sold shares of the company. Alliance Wealth Advisors LLC acquired a new stake in Norwood Financial in the third quarter worth $289,000. Osaic Holdings Inc. raised its holdings in shares of Norwood Financial by 130.7% during the second quarter. Osaic Holdings Inc. now owns 1,061 shares of the financial services provider's stock worth $27,000 after acquiring an additional 601 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Norwood Financial by 293.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,771 shares of the financial services provider's stock worth $46,000 after acquiring an additional 1,321 shares during the period. Raymond James Financial Inc. raised its holdings in shares of Norwood Financial by 20.8% during the second 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 during the period. Finally, Fourthstone LLC acquired a new stake in shares of Norwood Financial during the second quarter worth $510,000. 28.08% of the stock is currently owned by institutional investors and hedge funds.

Norwood Financial Company Profile

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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