Wall Street Zen Upgrades Norwood Financial (NASDAQ:NWFL) to Buy

Key Points

• Wall Street Zen has upgraded Norwood Financial (NASDAQ:NWFL) from a "hold" to a "buy" rating in a recent research report.
• Norwood Financial reported earnings of $0.67 per share, surpassing the consensus estimate of $0.64, with revenue of $21.20 million for the quarter.
• Several institutional investors have recently purchased shares of Norwood Financial, with 28.08% of the stock owned by institutional investors.

Norwood Financial (NASDAQ:NWFL - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Sunday.

Separately, Stephens reiterated an "equal weight" rating and set a $26.50 price objective on shares of Norwood Financial in a research note on Tuesday, July 8th.

Norwood Financial Stock Down 1.1%

Shares of NWFL stock traded down $0.28 on Friday, hitting $25.00. The stock had a trading volume of 3,882 shares, compared to its average volume of 19,285. The firm has a market capitalization of $231.45 million, a price-to-earnings ratio of 104.15 and a beta of 0.69. The stock's 50 day moving average is $25.15 and its 200-day moving average is $25.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.91 and a current ratio of 0.90. Norwood Financial has a 52-week low of $21.25 and a 52-week high of $34.50.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.03. Norwood Financial had a net margin of 2.92% and a return on equity of 8.86%. The business had revenue of $21.20 million during the quarter, compared to the consensus estimate of $21.16 million. As a group, research analysts expect that Norwood Financial will post 2.51 earnings per share for the current year.

Hedge Funds Weigh In On Norwood Financial

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings 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 worth $123,000 after purchasing an additional 5,064 shares during the period. 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 acquiring an additional 3,017 shares in the last quarter. Bank of America Corp DE raised its position in Norwood Financial by 48.9% during the fourth quarter. Bank of America Corp DE now owns 9,086 shares of the financial services provider's stock valued at $247,000 after acquiring an additional 2,985 shares in the last quarter. Deutsche Bank AG bought a new position in Norwood Financial during the fourth quarter valued at approximately $232,000. Finally, Northern Trust Corp raised its position in Norwood Financial by 7.6% during the fourth quarter. Northern Trust Corp now owns 66,149 shares of the financial services provider's stock valued at $1,800,000 after acquiring an additional 4,652 shares in the last quarter. 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.