Norwood Financial (NASDAQ:NWFL) Upgraded 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 to investors on Friday.

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

Norwood Financial Stock Performance

NWFL stock traded down $0.14 during midday trading on Friday, hitting $24.56. The company's stock had a trading volume of 22,159 shares, compared to its average volume of 15,855. The stock 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. The stock's 50-day moving average price is $25.75 and its 200 day moving average price is $25.31. Norwood Financial has a 1 year low of $21.25 and a 1 year high of $34.50.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.63 EPS for the quarter, beating the consensus estimate of $0.59 by $0.04. Norwood Financial had a net margin of 1.12% and a return on equity of 8.35%. The business had revenue of $20.20 million for the quarter, compared to the consensus estimate of $20.60 million. On average, equities analysts forecast that Norwood Financial will post 2.51 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its holdings in shares of 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 valued at $123,000 after purchasing an additional 5,064 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Norwood Financial by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 106,786 shares of the financial services provider's stock worth $2,905,000 after buying an additional 3,017 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Norwood Financial by 48.9% in the fourth quarter. Bank of America Corp DE now owns 9,086 shares of the financial services provider's stock worth $247,000 after buying an additional 2,985 shares during the last quarter. Deutsche Bank AG bought a new stake in Norwood Financial during the fourth quarter valued at approximately $232,000. Finally, Northern Trust Corp increased its holdings in Norwood Financial by 7.6% during the fourth quarter. Northern Trust Corp now owns 66,149 shares of the financial services provider's stock valued at $1,800,000 after buying an additional 4,652 shares during the last quarter. 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.