Norwood Financial (NASDAQ:NWFL) Stock Rating Upgraded by Wall Street Zen

Key Points

• Norwood Financial (NASDAQ:NWFL) received an upgrade from Wall Street Zen from a "hold" to a "buy" rating as of Sunday, reflecting positive investor sentiment.
• Despite the upgrade, Zacks Research downgraded the stock from "strong-buy" to "hold," indicating mixed reviews among analysts regarding its performance.
• Norwood Financial's latest earnings report showed an EPS of $0.67, slightly beating expectations, with analysts projecting a full-year EPS of 2.51 for the company.

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

Several other research analysts have also commented on the stock. Zacks Research lowered 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 target price on shares of Norwood Financial in a report on Tuesday, July 8th. Finally, Weiss Ratings cut shares of Norwood Financial from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Norwood Financial currently has a consensus rating of "Hold" and a consensus price target of $28.50.

Norwood Financial Trading Down 2.2%

NASDAQ NWFL opened at $24.61 on Friday. The firm has a 50 day simple moving average of $25.74 and a 200-day simple moving average of $25.23. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 0.90. Norwood Financial has a one year low of $21.25 and a one year high of $34.50. The firm has a market cap of $227.89 million, a price-to-earnings ratio of 102.55 and a beta of 0.69.

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

Institutional Trading of Norwood Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised 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 purchasing an additional 5,064 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Norwood Financial by 48.9% in the 4th quarter. Bank of America Corp DE now owns 9,086 shares of the financial services provider's stock valued at $247,000 after acquiring an additional 2,985 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Norwood Financial by 12.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 23,165 shares of the financial services provider's stock valued at $560,000 after acquiring an additional 2,628 shares during the period. Nuveen LLC acquired a new position in shares of Norwood Financial in the 1st quarter valued at $319,000. Finally, Wellington Management Group LLP increased its holdings in shares of Norwood Financial by 2.1% in the 1st quarter. Wellington Management Group LLP now owns 630,867 shares of the financial services provider's stock valued at $15,248,000 after acquiring an additional 12,815 shares during the period. Institutional investors and hedge funds own 28.08% of the company's stock.

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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