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 research report issued on Sunday.

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

Norwood Financial Stock Performance

NWFL stock opened at $24.18 on Friday. The firm has a market cap of $223.91 million, a PE ratio of 100.75 and a beta of 0.69. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average of $25.20 and a 200-day moving average of $25.11. Norwood Financial has a 12-month low of $21.25 and a 12-month high of $34.50.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.03. The company had revenue of $21.20 million during the quarter, compared to analyst estimates of $21.16 million. Norwood Financial had a return on equity of 9.02% and a net margin of 2.92%. As a group, sell-side analysts expect that Norwood Financial will post 2.51 earnings per share for the current year.

Hedge Funds Weigh In On Norwood Financial

Several institutional investors and hedge funds have recently bought and sold shares of NWFL. Wellington Management Group LLP bought a new position in Norwood Financial during the fourth quarter valued at $16,814,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Norwood Financial during the fourth quarter worth $4,840,000. Alliancebernstein L.P. purchased a new stake in shares of Norwood Financial during the fourth quarter worth $2,092,000. Jacobs Asset Management LLC purchased a new stake in shares of Norwood Financial during the fourth quarter worth $1,671,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Norwood Financial during the fourth quarter worth $1,394,000. 28.08% of the stock is owned by institutional investors.

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.

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