Norwood Financial (NASDAQ:NWFL) Earns "Equal Weight" Rating from Stephens

Norwood Financial (NASDAQ:NWFL - Get Free Report)'s stock had its "equal weight" rating reaffirmed by equities researchers at Stephens in a report released on Monday,Benzinga reports. They presently have a $25.50 price target on the financial services provider's stock. Stephens' target price indicates a potential upside of 4.55% from the stock's current price.

NWFL has been the topic of several other research reports. Piper Sandler assumed coverage on Norwood Financial in a research report on Wednesday, January 8th. They issued a "neutral" rating and a $28.00 target price on the stock. StockNews.com raised Norwood Financial from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Finally, Janney Montgomery Scott began coverage on Norwood Financial in a report on Thursday, January 2nd. They set a "buy" rating and a $31.00 target price for the company.

Norwood Financial Stock Performance

Norwood Financial stock traded down $0.31 during mid-day trading on Monday, hitting $24.39. 13,821 shares of the company's stock traded hands, compared to its average volume of 13,811. Norwood Financial has a fifty-two week low of $21.25 and a fifty-two week high of $34.50. The stock has a market cap of $225.92 million, a price-to-earnings ratio of 2,439.00 and a beta of 0.54. The firm has a 50 day simple moving average of $24.25 and a two-hundred day simple moving average of $26.81. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $0.63 earnings per share (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 company had revenue of $20.20 million during the quarter, compared to analysts' expectations of $20.60 million. On average, research analysts expect that Norwood Financial will post 2.51 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Ronald R. Schmalzle bought 2,563 shares of Norwood Financial stock in a transaction dated Tuesday, February 4th. The shares were bought at an average cost of $26.43 per share, with a total value of $67,740.09. Following the acquisition, the director now owns 15,168 shares in the company, valued at $400,890.24. This trade represents a 20.33 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 9.10% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP bought a new position in Norwood Financial in the 4th quarter valued at about $16,814,000. The Manufacturers Life Insurance Company bought a new position in Norwood Financial in the fourth quarter valued at approximately $4,840,000. Geode Capital Management LLC increased its stake in 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 acquiring an additional 811 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Norwood Financial by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 106,786 shares of the financial services provider's stock valued at $2,905,000 after purchasing an additional 3,017 shares in the last quarter. Finally, State Street Corp boosted its holdings 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 purchasing an additional 2,402 shares in the last quarter. 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.