Stephens Reiterates "Equal Weight" Rating for Norwood Financial (NASDAQ:NWFL)

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

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

Norwood Financial Stock Performance

Shares of NASDAQ:NWFL traded down $0.23 on Tuesday, hitting $25.23. The company's stock had a trading volume of 15,405 shares, compared to its average volume of 15,705. The stock's 50-day moving average is $25.83 and its two-hundred day moving average is $25.39. Norwood Financial has a 12 month low of $21.25 and a 12 month high of $34.50. The company has a market capitalization of $233.63 million, a price-to-earnings ratio of 280.33 and a beta of 0.68. 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 (NASDAQ:NWFL - Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04. Norwood Financial had a return on equity of 8.35% and a net margin of 1.12%. The business had revenue of $20.20 million during the quarter, compared to analysts' expectations of $20.60 million. On average, equities research analysts forecast that Norwood Financial will post 2.51 EPS for the current year.

Norwood Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 4.91%. The ex-dividend date of this dividend is Tuesday, July 15th. Norwood Financial's dividend payout ratio is currently 1,377.78%.

Institutional Investors Weigh In On Norwood Financial

Several hedge funds have recently bought and sold shares of NWFL. Wellington Management Group LLP raised its stake in shares of Norwood Financial by 2.1% during the 1st quarter. Wellington Management Group LLP now owns 630,867 shares of the financial services provider's stock worth $15,248,000 after purchasing an additional 12,815 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Norwood Financial during the 4th quarter worth about $4,840,000. Geode Capital Management LLC increased its holdings in shares of Norwood Financial by 0.5% during the 4th 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 increased its holdings in shares of Norwood Financial by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 106,786 shares of the financial services provider's stock valued at $2,905,000 after acquiring an additional 3,017 shares during the last quarter. Finally, Alliancebernstein L.P. acquired a new position in shares of Norwood Financial during the 4th quarter valued at about $2,092,000. 28.08% of the stock is owned by hedge funds and other institutional investors.

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.