Norwood Financial's (NWFL) Equal Weight Rating Reaffirmed at Stephens

Stephens reaffirmed their equal weight rating on shares of Norwood Financial (NASDAQ:NWFL - Free Report) in a research note published on Tuesday morning,Benzinga reports. Stephens currently has a $26.50 target price on the financial services provider's stock.

Separately, Wall Street Zen upgraded Norwood Financial from a "sell" rating to a "hold" rating in a report on Saturday, May 10th.

Norwood Financial Price Performance

Shares of NASDAQ NWFL traded down $1.00 during midday trading on Tuesday, reaching $25.47. The company's stock had a trading volume of 76,776 shares, compared to its average volume of 15,638. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.91 and a current ratio of 0.91. Norwood Financial has a fifty-two week low of $21.25 and a fifty-two week high of $34.50. The business's 50 day moving average price is $25.85 and its two-hundred day moving average price is $25.42. The company has a market cap of $235.85 million, a P/E ratio of 283.00 and a beta of 0.68.

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 for the quarter, topping analysts' consensus estimates of $0.59 by $0.04. The firm had revenue of $20.20 million for the quarter, compared to analysts' expectations of $20.60 million. Norwood Financial had a net margin of 1.12% and a return on equity of 8.35%. On average, analysts forecast that Norwood Financial will post 2.51 EPS for the current fiscal year.

Norwood Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be issued a $0.31 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.87%. Norwood Financial's dividend payout ratio is presently 1,377.78%.

Institutional Investors Weigh In On Norwood Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. Corebridge Financial Inc. raised its holdings in shares of Norwood Financial by 13.0% in the 1st quarter. Corebridge Financial Inc. now owns 4,079 shares of the financial services provider's stock worth $99,000 after acquiring an additional 468 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Norwood Financial by 18.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,909 shares of the financial services provider's stock worth $119,000 after acquiring an additional 765 shares during the last quarter. Emerald Advisers LLC acquired a new stake in shares of Norwood Financial in the 4th quarter worth about $122,000. GAMMA Investing LLC lifted 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 acquiring an additional 5,064 shares during the period. Finally, Mascagni Wealth Management Inc. bought a new stake in Norwood Financial during the fourth quarter worth $137,000. Institutional investors and hedge funds 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.