Norwood Financial (NASDAQ:NWFL) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Norwood Financial (NASDAQ:NWFL) from a buy rating to a hold rating in a research report released on Saturday.

Several other equities research analysts also recently weighed in on the stock. Stephens set a $33.00 price objective on shares of Norwood Financial and gave the stock an “equal weight” rating in a report on Wednesday, February 11th. Weiss Ratings raised shares of Norwood Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Norwood Financial has an average rating of “Hold” and a consensus target price of $33.00.

Norwood Financial Stock Performance

Norwood Financial stock opened at $28.74 on Friday. The company has a market cap of $312.98 million, a PE ratio of 10.61 and a beta of 0.56. The company has a fifty day moving average price of $29.74 and a two-hundred day moving average price of $29.13. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.93 and a quick ratio of 0.90. Norwood Financial has a 12 month low of $23.70 and a 12 month high of $32.23.

Norwood Financial (NASDAQ:NWFL) last announced its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.09). Norwood Financial had a net margin of 17.75% and a return on equity of 12.43%. The firm had revenue of $27.27 million for the quarter, compared to analyst estimates of $27.50 million. Research analysts expect that Norwood Financial will post 3.45 earnings per share for the current year.

Norwood Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Wednesday, April 15th. Norwood Financial’s dividend payout ratio is presently 47.23%.

Insiders Place Their Bets

In other Norwood Financial news, CFO John Martin Mccaffery, Jr. purchased 1,000 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was bought at an average cost of $29.44 per share, with a total value of $29,440.00. Following the acquisition, the chief financial officer owned 4,000 shares of the company’s stock, valued at $117,760. The trade was a 33.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have bought 2,597 shares of company stock valued at $76,350. 8.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Norwood Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co lifted its stake in Norwood Financial by 75.3% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 880 shares of the financial services provider’s stock valued at $25,000 after buying an additional 378 shares in the last quarter. Osaic Holdings Inc. lifted its stake in Norwood Financial by 130.7% during the second quarter. Osaic Holdings Inc. now owns 1,061 shares of the financial services provider’s stock valued at $27,000 after buying an additional 601 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Norwood Financial by 293.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,771 shares of the financial services provider’s stock valued at $46,000 after buying an additional 1,321 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Norwood Financial by 144.5% during the third quarter. BNP Paribas Financial Markets now owns 2,100 shares of the financial services provider’s stock valued at $53,000 after buying an additional 1,241 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Norwood Financial by 68.9% during the third quarter. Russell Investments Group Ltd. now owns 2,138 shares of the financial services provider’s stock valued at $54,000 after buying an additional 872 shares in the last quarter. 28.08% of the stock is owned by institutional investors and hedge funds.

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. It also provides commercial loans comprising lines of credit, revolving credit, term loans, mortgages, secured lending products, and letter of credit facilities; municipal finance lending; construction loans for commercial construction projects and single-family residences; land loans; construction financing; consumer loans; mortgage lending to finance principal residences and second home dwellings; and indirect dealer financing of new and used automobiles, boats, and recreational vehicles.