Norwood Financial (NASDAQ:NWFL) Stock Rating Upgraded by Stephens

Stephens upgraded shares of Norwood Financial (NASDAQ:NWFL) to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

A number of other analysts have also recently commented on the stock. StockNews.com cut shares of Norwood Financial from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Piper Sandler started coverage on Norwood Financial in a report on Wednesday, January 8th. They issued a “neutral” rating and a $28.00 target price on the stock. Finally, Janney Montgomery Scott assumed coverage on Norwood Financial in a report on Thursday, January 2nd. They set a “buy” rating and a $31.00 price target for the company.

Norwood Financial Price Performance

NASDAQ NWFL opened at $22.65 on Monday. The stock has a market capitalization of $209.81 million, a price-to-earnings ratio of 2,265.00 and a beta of 0.54. Norwood Financial has a 1-year low of $21.25 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 business’s fifty day moving average price is $24.58 and its 200-day moving average price is $26.99.

Norwood Financial (NASDAQ:NWFL) last announced its earnings results 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 positive return on equity of 8.38% and a negative net margin of 0.16%. On average, equities analysts predict that Norwood Financial will post 2.51 earnings per share for the current year.

Norwood Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date is Tuesday, April 15th. Norwood Financial’s dividend payout ratio (DPR) is 12,400.00%.

Insiders Place Their Bets

In other Norwood Financial news, Director Ronald R. Schmalzle purchased 2,563 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were bought at an average cost of $26.43 per share, with a total value of $67,740.09. Following the acquisition, the director now owns 15,168 shares in the company, valued at approximately $400,890.24. This trade represents a 20.33 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Norwood Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in Norwood Financial by 42,200.0% during the first quarter. GAMMA Investing LLC now owns 5,076 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 5,064 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of Norwood Financial during the 4th quarter valued at about $16,814,000. Mascagni Wealth Management Inc. purchased a new position in shares of Norwood Financial during the fourth quarter valued at about $137,000. Jacobs Asset Management LLC bought a new stake in shares of Norwood Financial in the fourth quarter worth about $1,671,000. Finally, Deutsche Bank AG purchased a new stake in shares of Norwood Financial in the fourth quarter worth about $232,000. Institutional investors own 28.08% of the company’s stock.

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.