Norwood Financial (NASDAQ:NWFL) Upgraded to "Hold" at Stephens

Stephens upgraded shares of Norwood Financial (NASDAQ:NWFL - Free Report) to a hold rating in a report published on Monday, April 14th,Zacks.com reports.

A number of other brokerages have also recently issued reports on NWFL. Piper Sandler started coverage on shares of Norwood Financial in a research note on Wednesday, January 8th. They issued a "neutral" rating and a $28.00 price objective on the stock. Janney Montgomery Scott began coverage on Norwood Financial in a report on Thursday, January 2nd. They issued a "buy" rating and a $31.00 price objective for the company. Finally, StockNews.com cut Norwood Financial from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th.

Norwood Financial Price Performance

Norwood Financial stock traded up $0.69 on Monday, reaching $23.70. The company's stock had a trading volume of 4,135 shares, compared to its average volume of 13,393. The business's fifty day moving average price is $24.38 and its 200 day moving average price is $26.91. 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 company has a market cap of $219.53 million, a price-to-earnings ratio of 2,370.00 and a beta of 0.54. Norwood Financial has a twelve month low of $21.25 and a twelve month high of $34.50.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.04. Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%. The firm had revenue of $20.20 million for the quarter, compared to analyst estimates of $20.60 million. Equities analysts expect that Norwood Financial will post 2.51 earnings per share for the current fiscal year.

Norwood Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date of this dividend is Tuesday, April 15th. Norwood Financial's payout ratio is currently 1,377.78%.

Insider Activity

In other news, Director Ronald R. Schmalzle acquired 2,563 shares of Norwood Financial stock in a transaction dated Tuesday, February 4th. The stock was bought at an average cost of $26.43 per share, with a total value of $67,740.09. Following the completion of the transaction, the director now directly owns 15,168 shares of the company's stock, valued at approximately $400,890.24. This represents a 20.33 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 9.10% of the company's stock.

Institutional Investors Weigh In On Norwood Financial

Institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Norwood Financial by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 20,537 shares of the financial services provider's stock worth $566,000 after purchasing an additional 600 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Norwood Financial by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 166,450 shares of the financial services provider's stock valued at $4,529,000 after buying an additional 811 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Norwood Financial by 21.7% in the fourth quarter. Wells Fargo & Company MN now owns 5,203 shares of the financial services provider's stock valued at $142,000 after acquiring an additional 928 shares during the last quarter. Barclays PLC lifted its stake in Norwood Financial by 11.6% in the fourth quarter. Barclays PLC now owns 10,926 shares of the financial services provider's stock valued at $298,000 after acquiring an additional 1,139 shares during the last quarter. Finally, State Street Corp grew its position in shares of Norwood Financial by 2.5% in the 3rd quarter. State Street Corp now owns 99,889 shares of the financial services provider's stock valued at $2,755,000 after acquiring an additional 2,402 shares during the period. 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.