Norwood Financial (NASDAQ:NWFL) Downgraded to Sell Rating 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 report issued to clients and investors on Wednesday.

Several other research analysts have also recently weighed in on the stock. Piper Sandler assumed coverage on shares of Norwood Financial in a report on Wednesday, January 8th. They set a “neutral” rating and a $28.00 price target on the stock. Janney Montgomery Scott assumed coverage on Norwood Financial in a research note on Thursday, January 2nd. They issued a “buy” rating and a $31.00 target price on the stock.

Norwood Financial Stock Down 1.2 %

Shares of NWFL traded down $0.31 during trading hours on Wednesday, hitting $25.82. The stock had a trading volume of 4,426 shares, compared to its average volume of 9,740. The firm has a 50 day simple moving average of $27.99 and a 200-day simple moving average of $27.90. Norwood Financial has a 1-year low of $23.50 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 firm has a market capitalization of $208.88 million, a P/E ratio of 16.24 and a beta of 0.62.

Norwood Financial (NASDAQ:NWFL) last released its quarterly earnings data on Monday, February 3rd. The financial services provider reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.17). Norwood Financial had a net margin of 10.90% and a return on equity of 6.94%. Sell-side analysts predict that Norwood Financial will post 2.1 EPS for the current fiscal year.

Insider Transactions at Norwood Financial

In other Norwood Financial news, Director Ronald R. Schmalzle acquired 7,692 shares of Norwood Financial stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average cost of $26.00 per share, for a total transaction of $199,992.00. Following the purchase, the director now owns 15,510 shares of the company’s stock, valued at approximately $403,260. This represents a 98.39 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 9.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Norwood Financial

A number of large investors have recently made changes to their positions in NWFL. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Norwood Financial in the third quarter worth $200,000. Barclays PLC raised its holdings in shares of Norwood Financial by 280.5% during the 3rd quarter. Barclays PLC now owns 9,787 shares of the financial services provider’s stock valued at $270,000 after buying an additional 7,215 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Norwood Financial by 250.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider’s stock worth $384,000 after buying an additional 9,950 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Norwood Financial by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,537 shares of the financial services provider’s stock worth $566,000 after acquiring an additional 600 shares during the last quarter. Finally, Code Waechter LLC purchased a new stake in shares of Norwood Financial in the 3rd quarter valued at $815,000. 28.08% of the stock is owned by institutional investors.

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.