Norwood Financial (NASDAQ:NWFL) Rating Lowered to Sell at StockNews.com

Norwood Financial (NASDAQ:NWFL) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

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

Norwood Financial Price Performance

NASDAQ NWFL opened at $26.06 on Wednesday. The stock’s fifty day moving average price is $27.91 and its 200 day moving average price is $27.89. Norwood Financial has a 1 year low of $23.50 and a 1 year high of $34.50. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $210.83 million, a price-to-earnings ratio of 16.39 and a beta of 0.62.

Norwood Financial (NASDAQ:NWFL) last announced its quarterly earnings data 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 return on equity of 6.94% and a net margin of 10.90%. As a group, equities research analysts forecast that Norwood Financial will post 2.1 earnings per share for the current year.

Insider Activity at Norwood Financial

In other Norwood Financial news, Director Ronald R. Schmalzle purchased 7,692 shares of Norwood Financial stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average price of $26.00 per share, with a total value of $199,992.00. Following the acquisition, the director now owns 15,510 shares of the company’s stock, valued at $403,260. This trade represents a 98.39 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 9.10% of the company’s stock.

Institutional Trading of Norwood Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. Signature Estate & Investment Advisors LLC acquired a new stake in Norwood Financial in the 3rd quarter valued at $200,000. Barclays PLC grew its position in shares of Norwood Financial by 280.5% in the third quarter. Barclays PLC now owns 9,787 shares of the financial services provider’s stock valued at $270,000 after purchasing an additional 7,215 shares during the period. JPMorgan Chase & Co. grew its position in shares of Norwood Financial by 250.5% in the third quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider’s stock valued at $384,000 after purchasing an additional 9,950 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Norwood Financial by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 20,537 shares of the financial services provider’s stock worth $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 during the 3rd quarter worth about $815,000. 28.08% of the stock is currently owned by hedge funds and other 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.