Norwood Financial (NASDAQ:NWFL) Rating Increased to Buy at Wall Street Zen

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 Sunday morning.

Several other equities research analysts have also commented on the company. Weiss Ratings lowered Norwood Financial from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Stephens restated an “equal weight” rating and issued a $26.50 price objective on shares of Norwood Financial in a research note on Tuesday, July 8th. Finally, Zacks Research lowered Norwood Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $28.50.

Norwood Financial Price Performance

Shares of NWFL opened at $24.61 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38. The firm has a market cap of $227.89 million, a PE ratio of 102.55 and a beta of 0.69. Norwood Financial has a 1-year low of $21.25 and a 1-year high of $34.50. The firm has a fifty day simple moving average of $25.74 and a two-hundred day simple moving average of $25.23.

Norwood Financial (NASDAQ:NWFL) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.64 by $0.03. The firm had revenue of $21.20 million during the quarter, compared to analyst estimates of $21.16 million. Norwood Financial had a return on equity of 8.86% and a net margin of 2.92%. On average, equities analysts anticipate that Norwood Financial will post 2.51 EPS for the current year.

Norwood Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Wednesday, October 15th. Norwood Financial’s dividend payout ratio is presently 516.67%.

Institutional Investors Weigh In On Norwood Financial

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in shares of Norwood Financial by 42,200.0% during the 1st quarter. GAMMA Investing LLC now owns 5,076 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 5,064 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Norwood Financial by 48.9% during the 4th quarter. Bank of America Corp DE now owns 9,086 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 2,985 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Norwood Financial by 12.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 23,165 shares of the financial services provider’s stock valued at $560,000 after purchasing an additional 2,628 shares during the last quarter. Nuveen LLC bought a new position in shares of Norwood Financial during the 1st quarter valued at about $319,000. Finally, Wellington Management Group LLP boosted its holdings in shares of Norwood Financial by 2.1% during the 1st quarter. Wellington Management Group LLP now owns 630,867 shares of the financial services provider’s stock valued at $15,248,000 after purchasing an additional 12,815 shares during the last quarter. 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.