Weiss Ratings Reiterates Sell (D+) Rating for Norwood Financial (NASDAQ:NWFL)

Key Points

• Weiss Ratings has reiterated a sell (D+) rating for Norwood Financial (NASDAQ:NWFL), reflecting ongoing concerns about the company's stock performance.
• Despite a mixed outlook from analysts, Norwood Financial has a current consensus rating of Hold and a price target of $28.50.
• Norwood Financial reported earnings per share of $0.94, surpassing the consensus estimate of $0.68, signaling a positive quarter for the financial services provider.

Norwood Financial (NASDAQ:NWFL - Get Free Report)'s stock had its "sell (d+)" rating restated by stock analysts at Weiss Ratings in a research note issued to investors on Saturday,Weiss Ratings reports.

NWFL has been the subject of several other research reports. Wall Street Zen cut shares of Norwood Financial from a "buy" rating to a "hold" rating in a report on Monday, October 20th. Zacks Research upgraded shares of Norwood Financial from a "hold" rating to a "strong-buy" rating in a report on Thursday. Finally, Stephens reiterated an "equal weight" rating and set a $26.50 price target on shares of Norwood Financial in a report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $28.50.

Norwood Financial Price Performance

Shares of NWFL opened at $26.70 on Friday. Norwood Financial has a fifty-two week low of $21.25 and a fifty-two week high of $34.50. The firm's 50 day moving average price is $25.88 and its 200 day moving average price is $25.35. The company has a market cap of $247.24 million, a P/E ratio of 41.08 and a beta of 0.69. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.38.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last announced its earnings results on Wednesday, October 22nd. The financial services provider reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.26. Norwood Financial had a net margin of 6.82% and a return on equity of 10.86%. The firm had revenue of $22.10 million for the quarter, compared to the consensus estimate of $22.10 million. During the same period in the prior year, the firm earned $0.48 EPS. On average, research analysts forecast that Norwood Financial will post 2.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NWFL. Bank of New York Mellon Corp boosted its holdings in shares of Norwood Financial by 15.8% in the 1st quarter. Bank of New York Mellon Corp now owns 23,801 shares of the financial services provider's stock valued at $575,000 after buying an additional 3,251 shares in the last quarter. John G Ullman & Associates Inc. boosted its holdings in shares of Norwood Financial by 18.1% in the 1st quarter. John G Ullman & Associates Inc. now owns 22,200 shares of the financial services provider's stock valued at $537,000 after buying an additional 3,400 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Norwood Financial by 12.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 23,165 shares of the financial services provider's stock valued at $560,000 after buying an additional 2,628 shares in the last quarter. Nuveen LLC acquired a new position in shares of Norwood Financial in the 1st quarter valued at $319,000. Finally, Wellington Management Group LLP boosted its holdings in shares of Norwood Financial by 2.1% in the 1st quarter. Wellington Management Group LLP now owns 630,867 shares of the financial services provider's stock valued at $15,248,000 after buying an additional 12,815 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.

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