Norwood Financial (NASDAQ:NWFL) Upgraded to Buy at Wall Street Zen

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

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

Norwood Financial Stock Up 0.2%

Shares of NASDAQ NWFL traded up $0.04 on Friday, reaching $24.56. 17,378 shares of the company's stock traded hands, compared to its average volume of 15,923. Norwood Financial has a 12 month low of $21.25 and a 12 month high of $34.50. The business's 50 day simple moving average is $25.75 and its two-hundred day simple moving average is $25.30. The company has a market cap of $227.43 million, a price-to-earnings ratio of 272.89 and a beta of 0.68. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.54.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The financial services provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.03. Norwood Financial had a net margin of 1.12% and a return on equity of 8.35%. As a group, equities research analysts forecast that Norwood Financial will post 2.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Norwood Financial

Several hedge funds have recently added to or reduced their stakes in NWFL. Raymond James Financial Inc. purchased a new position in shares of Norwood Financial during the fourth quarter worth approximately $1,394,000. Emerald Advisers LLC purchased a new position in Norwood Financial during the 4th quarter worth $122,000. JPMorgan Chase & Co. increased its holdings in Norwood Financial by 89.0% during the 4th quarter. JPMorgan Chase & Co. now owns 26,314 shares of the financial services provider's stock worth $716,000 after purchasing an additional 12,392 shares during the period. Wellington Management Group LLP bought a new position in shares of Norwood Financial during the fourth quarter valued at approximately $16,814,000. Finally, Alliancebernstein L.P. bought a new position in shares of Norwood Financial during the fourth quarter valued at approximately $2,092,000. 28.08% of the stock is currently owned by 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.