Norwood Financial (NASDAQ:NWFL) Stock Rating Lowered by Wall Street Zen

Norwood Financial (NASDAQ:NWFL) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other research analysts have also recently issued reports on the company. Stephens set a $33.00 price objective on Norwood Financial and gave the company an “equal weight” rating in a report on Wednesday, February 11th. Weiss Ratings raised Norwood Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $33.00.

Norwood Financial Price Performance

Shares of NASDAQ NWFL opened at $28.74 on Friday. The stock has a market cap of $312.98 million, a PE ratio of 10.61 and a beta of 0.56. The business has a fifty day moving average of $29.74 and a two-hundred day moving average of $29.14. Norwood Financial has a 52-week low of $23.70 and a 52-week high of $32.23. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 0.93.

Norwood Financial (NASDAQ:NWFL) last issued its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.09). The company had revenue of $27.27 million for the quarter, compared to the consensus estimate of $27.50 million. Norwood Financial had a net margin of 17.75% and a return on equity of 12.43%. As a group, equities research analysts expect that Norwood Financial will post 3.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO John Martin Mccaffery, Jr. acquired 1,000 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was purchased at an average cost of $29.44 per share, with a total value of $29,440.00. Following the acquisition, the chief financial officer owned 4,000 shares of the company’s stock, valued at $117,760. This trade represents a 33.33% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders bought 2,597 shares of company stock worth $76,350. Insiders own 8.10% of the company’s stock.

Institutional Trading of Norwood Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Norwood Financial by 18.5% in the 1st 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. Geode Capital Management LLC increased its stake in shares of Norwood Financial by 3.2% in the 2nd quarter. Geode Capital Management LLC now owns 201,858 shares of the financial services provider’s stock valued at $5,205,000 after acquiring an additional 6,238 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Norwood Financial in the 2nd quarter valued at about $648,000. Raymond James Financial Inc. increased its stake in shares of Norwood Financial by 20.8% in the 2nd quarter. Raymond James Financial Inc. now owns 89,419 shares of the financial services provider’s stock valued at $2,305,000 after acquiring an additional 15,408 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Norwood Financial by 293.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,771 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 1,321 shares during the last quarter. 28.08% of the stock is owned by institutional investors.

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. It also provides commercial loans comprising lines of credit, revolving credit, term loans, mortgages, secured lending products, and letter of credit facilities; municipal finance lending; construction loans for commercial construction projects and single-family residences; land loans; construction financing; consumer loans; mortgage lending to finance principal residences and second home dwellings; and indirect dealer financing of new and used automobiles, boats, and recreational vehicles.