Norwood Financial (NASDAQ:NWFL) Stock Rating Lowered by StockNews.com

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

Norwood Financial Price Performance

Norwood Financial stock opened at $25.36 on Friday. The stock has a 50-day moving average price of $25.65 and a two-hundred day moving average price of $27.64. Norwood Financial has a 12 month low of $23.50 and a 12 month high of $34.50. The company has a market capitalization of $205.67 million, a PE ratio of 13.28 and a beta of 0.64. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.69.

Hedge Funds Weigh In On Norwood Financial

Several large investors have recently modified their holdings of NWFL. BNP Paribas Financial Markets increased its holdings in Norwood Financial by 58.8% in the first quarter. BNP Paribas Financial Markets now owns 3,402 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 1,260 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Norwood Financial in the fourth quarter valued at about $130,000. John G Ullman & Associates Inc. bought a new position in shares of Norwood Financial during the fourth quarter worth about $230,000. Cedar Brook Financial Partners LLC acquired a new position in shares of Norwood Financial in the fourth quarter worth approximately $239,000. Finally, Bank of New York Mellon Corp boosted its holdings in Norwood Financial by 2.2% in the third quarter. Bank of New York Mellon Corp now owns 28,429 shares of the financial services provider’s stock valued at $732,000 after acquiring an additional 613 shares during the last quarter. 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.