Norwood Financial (NASDAQ:NWFL) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Norwood Financial (NASDAQ:NWFL) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

Other analysts also recently issued research reports about the stock. Janney Montgomery Scott began coverage on shares of Norwood Financial in a research report on Thursday, January 2nd. They set a “buy” rating and a $31.00 target price on the stock. Piper Sandler started coverage on shares of Norwood Financial in a report on Wednesday, January 8th. They set a “neutral” rating and a $28.00 price objective on the stock.

Norwood Financial Price Performance

NASDAQ NWFL opened at $26.62 on Wednesday. Norwood Financial has a 12-month low of $23.50 and a 12-month high of $34.50. The firm’s fifty day simple moving average is $27.83 and its two-hundred day simple moving average is $27.88. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $215.36 million, a P/E ratio of 2,662.00 and a beta of 0.62.

Norwood Financial (NASDAQ:NWFL) last announced its earnings results on Monday, February 3rd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.17). Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%. Analysts forecast that Norwood Financial will post 2.54 EPS for the current fiscal year.

Norwood Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 4.66%. The ex-dividend date is Wednesday, January 15th. This is an increase from Norwood Financial’s previous quarterly dividend of $0.30. Norwood Financial’s dividend payout ratio is 12,400.00%.

Insider Buying and Selling at Norwood Financial

In other Norwood Financial news, Director Ronald R. Schmalzle bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was bought at an average cost of $26.00 per share, for a total transaction of $52,000.00. Following the completion of the transaction, the director now directly owns 17,621 shares of the company’s stock, valued at approximately $458,146. This trade represents a 12.80 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 9.10% of the company’s stock.

Hedge Funds Weigh In On Norwood Financial

A number of institutional investors have recently modified their holdings of NWFL. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Norwood Financial in the third quarter worth about $200,000. Barclays PLC boosted its position in Norwood Financial by 280.5% in the 3rd quarter. Barclays PLC now owns 9,787 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 7,215 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Norwood Financial by 250.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider’s stock worth $384,000 after purchasing an additional 9,950 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Norwood Financial by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,537 shares of the financial services provider’s stock valued at $566,000 after purchasing an additional 600 shares in the last quarter. Finally, Code Waechter LLC acquired a new position in shares of Norwood Financial in the 3rd quarter valued at $815,000. Hedge funds and other institutional investors 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.