StockNews.com Upgrades Norwood Financial (NASDAQ:NWFL) to Hold

Norwood Financial (NASDAQ:NWFL - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a report released on Saturday.

Separately, Stephens reissued an "equal weight" rating and set a $25.50 price objective on shares of Norwood Financial in a report on Monday, April 21st.

Norwood Financial Stock Performance

Shares of NASDAQ:NWFL traded down $0.01 during trading on Friday, hitting $26.60. 2,928 shares of the stock were exchanged, compared to its average volume of 14,659. Norwood Financial has a 1-year low of $21.25 and a 1-year high of $34.50. The company has a market capitalization of $246.35 million, a price-to-earnings ratio of 2,659.50 and a beta of 0.69. The company's fifty day simple moving average is $24.34 and its 200-day simple moving average is $26.61. 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 announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.63 earnings per share for the quarter, topping 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 company had revenue of $20.20 million for the quarter, compared to analyst estimates of $20.60 million. Sell-side analysts expect that Norwood Financial will post 2.51 EPS for the current fiscal year.

Institutional Trading of Norwood Financial

Several institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP acquired a new position in Norwood Financial in the fourth quarter worth $16,814,000. The Manufacturers Life Insurance Company acquired a new position in Norwood Financial in the fourth quarter worth $4,840,000. Alliancebernstein L.P. acquired a new position in Norwood Financial in the fourth quarter worth $2,092,000. Jacobs Asset Management LLC acquired a new position in Norwood Financial in the fourth quarter worth $1,671,000. Finally, Raymond James Financial Inc. acquired a new position in Norwood Financial in the fourth quarter worth $1,394,000. 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.