Norwood Financial (NASDAQ:NWFL) Upgraded by StockNews.com to Hold Rating

Norwood Financial (NASDAQ:NWFL - Get Free Report) was upgraded by StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Friday.

Other equities research analysts have also issued research reports about the company. Janney Montgomery Scott started coverage on Norwood Financial in a research note on Thursday, January 2nd. They issued a "buy" rating and a $31.00 target price for the company. Stephens upgraded shares of Norwood Financial to a "hold" rating in a research note on Monday, April 14th. Finally, Piper Sandler initiated coverage on shares of Norwood Financial in a research note on Wednesday, January 8th. They set a "neutral" rating and a $28.00 price target on the stock.

Norwood Financial Trading Down 1.8 %

Shares of NASDAQ:NWFL traded down $0.45 during trading on Friday, reaching $24.49. 10,581 shares of the stock were exchanged, compared to its average volume of 18,784. The firm's 50-day moving average price is $24.33 and its 200 day moving average price is $26.87. The firm has a market cap of $226.85 million, a price-to-earnings ratio of 2,449.00 and a beta of 0.54. Norwood Financial has a 12-month low of $21.25 and a 12-month high of $34.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.91.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.04. Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%. The company had revenue of $20.20 million during the quarter, compared to the consensus estimate of $20.60 million. On average, sell-side analysts anticipate that Norwood Financial will post 2.51 earnings per share for the current fiscal year.

Insider Activity

In other Norwood Financial news, Director Ronald R. Schmalzle acquired 2,563 shares of Norwood Financial stock in a transaction dated Tuesday, February 4th. The stock was acquired at an average cost of $26.43 per share, for a total transaction of $67,740.09. Following the completion of the transaction, the director now owns 15,168 shares in the company, valued at approximately $400,890.24. This represents a 20.33 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 9.10% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Emerald Advisers LLC purchased a new position in Norwood Financial during the fourth quarter valued at approximately $122,000. GAMMA Investing LLC grew its stake in shares of Norwood Financial by 42,200.0% in the 1st quarter. GAMMA Investing LLC now owns 5,076 shares of the financial services provider's stock valued at $123,000 after purchasing an additional 5,064 shares during the period. Mascagni Wealth Management Inc. bought a new position in shares of Norwood Financial in the fourth quarter valued at approximately $137,000. Wells Fargo & Company MN increased its position in Norwood Financial by 21.7% in the 4th quarter. Wells Fargo & Company MN now owns 5,203 shares of the financial services provider's stock valued at $142,000 after acquiring an additional 928 shares in the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of Norwood Financial in the 4th quarter valued at $232,000. Institutional investors own 28.08% of the company's stock.

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.