Norwood Financial (NASDAQ:NWFL) Given "Equal Weight" Rating at Stephens

Stephens reiterated their equal weight rating on shares of Norwood Financial (NASDAQ:NWFL - Free Report) in a research note released on Tuesday,Benzinga reports. The brokerage currently has a $26.50 target price 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

NASDAQ NWFL traded down $0.16 on Tuesday, reaching $25.31. The stock had a trading volume of 3,464 shares, compared to its average volume of 15,600. 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 12-month low of $21.25 and a 12-month high of $34.50. The business's 50-day moving average price is $25.87 and its 200 day moving average price is $25.42. The stock has a market cap of $234.37 million, a P/E ratio of 281.22 and a beta of 0.68.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.59 by $0.04. The business had revenue of $20.20 million during the quarter, compared to analysts' expectations of $20.60 million. Norwood Financial had a return on equity of 8.35% and a net margin of 1.12%. As a group, equities analysts expect that Norwood Financial will post 2.51 earnings per share for the current year.

Norwood Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend is Tuesday, July 15th. Norwood Financial's dividend payout ratio (DPR) is 1,377.78%.

Institutional Trading of Norwood Financial

Several large investors have recently bought and sold shares of NWFL. Corebridge Financial Inc. grew its holdings in Norwood Financial by 13.0% in the first quarter. Corebridge Financial Inc. now owns 4,079 shares of the financial services provider's stock valued at $99,000 after purchasing an additional 468 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Norwood Financial by 18.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,909 shares of the financial services provider's stock valued at $119,000 after acquiring an additional 765 shares during the last quarter. Emerald Advisers LLC acquired a new stake in shares of Norwood Financial during the fourth quarter valued at $122,000. GAMMA Investing LLC boosted its stake in shares of 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 valued at $123,000 after acquiring an additional 5,064 shares during the last quarter. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of Norwood Financial during the fourth quarter valued at $137,000. 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.