Norwood Financial (NASDAQ:NWFL) Price Target Raised to $37.00

Norwood Financial (NASDAQ:NWFL) had its price target boosted by analysts at Stephens from $35.00 to $37.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Stephens‘s price objective suggests a potential upside of 3.70% from the stock’s previous close.

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Norwood Financial in a report on Thursday, October 22nd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Norwood Financial has an average rating of “Hold” and an average price target of $37.00.

Norwood Financial Price Performance

NWFL opened at $35.68 on Monday. Norwood Financial has a fifty-two week low of $26.47 and a fifty-two week high of $37.48. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $388.91 million, a P/E ratio of 11.55 and a beta of 0.55. The stock has a fifty day moving average of $34.45 and a 200-day moving average of $31.82.

Norwood Financial (NASDAQ:NWFL) last announced its earnings results on Tuesday, October 27th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.13. Norwood Financial had a net margin of 19.67% and a return on equity of 13.53%. The company had revenue of $30.93 million during the quarter, compared to analysts’ expectations of $30.00 million. On average, equities analysts expect that Norwood Financial will post 3.56 EPS for the current year.

Insider Activity at Norwood Financial

In related news, EVP Vincent O’bell sold 3,000 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $34.52, for a total value of $103,560.00. Following the completion of the transaction, the executive vice president owned 4,392 shares of the company’s stock, valued at $151,611.84. The trade was a 40.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 8.10% of the company’s stock.

Institutional Investors Weigh In On Norwood Financial

A number of large investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Norwood Financial during the 2nd quarter worth approximately $24,960,000. The Manufacturers Life Insurance Company bought a new position in Norwood Financial in the second quarter valued at approximately $5,603,000. Bulldog Investors LLP raised its position in Norwood Financial by 165.0% during the first quarter. Bulldog Investors LLP now owns 170,000 shares of the financial services provider’s stock valued at $5,001,000 after purchasing an additional 105,855 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Norwood Financial by 15.8% during the first quarter. Dimensional Fund Advisors LP now owns 155,908 shares of the financial services provider’s stock valued at $4,587,000 after purchasing an additional 21,248 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Norwood Financial by 17.4% during the first quarter. Renaissance Technologies LLC now owns 65,526 shares of the financial services provider’s stock valued at $1,928,000 after purchasing an additional 9,720 shares in the last quarter. 28.08% of the stock is currently owned by institutional investors and hedge funds.

About Norwood Financial

Norwood Financial Corp. is the bank holding company for Wayne Bank, a community banking institution headquartered in Honesdale, Pennsylvania. Through Wayne Bank, the company provides banking and financial services to individuals, families, businesses, and nonprofit organizations.

Wayne Bank offers deposit products, including checking, savings, money market, and certificate of deposit accounts, along with consumer, residential mortgage, commercial, and real estate lending. Its services also include online and mobile banking, cash management, debit cards, and other electronic banking solutions.

Founded in 1870, Wayne Bank serves communities in northeastern Pennsylvania and the Catskill and Hudson Valley regions of New York through its branch network and digital channels.