Norwood Financial (NASDAQ:NWFL - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a report issued on Saturday.
Separately, Stephens reiterated an "equal weight" rating and issued a $25.50 price objective on shares of Norwood Financial in a report on Monday, April 21st.
View Our Latest Report on Norwood Financial
Norwood Financial Stock Up 0.3%
Shares of NASDAQ:NWFL traded up $0.08 during trading on Friday, reaching $26.79. 16,055 shares of the stock traded hands, compared to its average volume of 14,626. The stock has a market cap of $248.16 million, a P/E ratio of 2,679.00 and a beta of 0.69. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a 50-day moving average of $24.28 and a two-hundred day moving average of $26.61. Norwood Financial has a 52-week low of $21.25 and a 52-week high of $34.50.
Norwood Financial (NASDAQ:NWFL - Get Free Report) last issued its earnings results 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 positive return on equity of 8.38% and a negative net margin of 0.16%. The business had revenue of $20.20 million for the quarter, compared to the consensus estimate of $20.60 million. As a group, sell-side analysts expect that Norwood Financial will post 2.51 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Norwood Financial
Several hedge funds and other institutional investors have recently modified their holdings of the company. Emerald Advisers LLC bought a new position in Norwood Financial in the fourth quarter valued at about $122,000. GAMMA Investing LLC increased its position in shares of Norwood Financial by 42,200.0% during 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 last quarter. Mascagni Wealth Management Inc. bought a new position in shares of Norwood Financial in the 4th quarter worth approximately $137,000. Wells Fargo & Company MN lifted its stake in shares of 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 worth $142,000 after purchasing an additional 928 shares during the period. Finally, Deutsche Bank AG purchased a new position in shares of Norwood Financial in the fourth quarter worth approximately $232,000. 28.08% of the stock is owned by institutional investors.
About Norwood Financial
(
Get Free Report)
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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