Norwood Financial (NASDAQ:NWFL) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Norwood Financial (NASDAQ:NWFL) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning.

Several other brokerages have also issued reports on NWFL. Stephens restated an “equal weight” rating and set a $26.50 target price on shares of Norwood Financial in a research report on Tuesday, July 8th. Weiss Ratings lowered Norwood Financial from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded Norwood Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $28.50.

Norwood Financial Stock Down 0.6%

Shares of NASDAQ:NWFL opened at $26.82 on Tuesday. Norwood Financial has a 1 year low of $21.25 and a 1 year high of $34.50. The business has a 50 day simple moving average of $25.95 and a two-hundred day simple moving average of $25.45. The firm has a market capitalization of $248.35 million, a PE ratio of 41.26 and a beta of 0.69. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.90 and a quick ratio of 0.90.

Norwood Financial (NASDAQ:NWFL) last announced its earnings results on Wednesday, October 22nd. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.26. Norwood Financial had a return on equity of 10.86% and a net margin of 6.82%.The business had revenue of $22.10 million during the quarter, compared to analyst estimates of $22.10 million. During the same quarter in the previous year, the business earned $0.48 earnings per share. On average, equities analysts predict that Norwood Financial will post 2.51 EPS for the current year.

Norwood Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.24 dividend on an annualized basis and a yield of 4.6%. Norwood Financial’s payout ratio is 190.77%.

Insider Buying and Selling

In other Norwood Financial news, Director James Shook acquired 3,800 shares of Norwood Financial stock in a transaction that occurred on Monday, October 27th. The stock was bought at an average price of $26.71 per share, with a total value of $101,498.00. Following the completion of the purchase, the director directly owned 4,830 shares of the company’s stock, valued at approximately $129,009.30. This represents a 368.93% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased a total of 4,900 shares of company stock valued at $128,158 over the last ninety days. Insiders own 8.20% of the company’s stock.

Hedge Funds Weigh In On Norwood Financial

Large investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its stake in Norwood Financial by 12.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 23,165 shares of the financial services provider’s stock worth $560,000 after buying an additional 2,628 shares in the last quarter. Nuveen LLC bought a new position in Norwood Financial in the first quarter worth approximately $319,000. Wellington Management Group LLP raised its stake in Norwood Financial by 2.1% in the first quarter. Wellington Management Group LLP now owns 630,867 shares of the financial services provider’s stock worth $15,248,000 after buying an additional 12,815 shares in the last quarter. Corebridge Financial Inc. raised its stake in Norwood Financial by 13.0% in the first quarter. Corebridge Financial Inc. now owns 4,079 shares of the financial services provider’s stock worth $99,000 after buying an additional 468 shares in the last quarter. Finally, John G Ullman & Associates Inc. increased its position in shares of Norwood Financial by 18.1% during the first quarter. John G Ullman & Associates Inc. now owns 22,200 shares of the financial services provider’s stock worth $537,000 after purchasing an additional 3,400 shares in the last quarter. 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.