Norwood Financial (NASDAQ:NWFL) Downgraded by ValuEngine to Sell

ValuEngine cut shares of Norwood Financial (NASDAQ:NWFL) from a hold rating to a sell rating in a research note issued to investors on Friday, ValuEngine reports.

Shares of Norwood Financial stock traded up $0.52 during trading on Friday, hitting $36.76. The stock had a trading volume of 7,785 shares, compared to its average volume of 5,181. The stock has a 50 day simple moving average of $34.14 and a 200 day simple moving average of $32.88. The company has a market capitalization of $228.66 million, a PE ratio of 16.35 and a beta of 0.41. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.27. Norwood Financial has a 1 year low of $28.08 and a 1 year high of $37.00.

Norwood Financial (NASDAQ:NWFL) last released its earnings results on Wednesday, October 23rd. The financial services provider reported $0.62 earnings per share for the quarter. The business had revenue of $11.77 million for the quarter. Norwood Financial had a net margin of 26.15% and a return on equity of 10.80%.

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp grew its position in Norwood Financial by 1.8% during the third quarter. State Street Corp now owns 97,275 shares of the financial services provider’s stock valued at $3,075,000 after purchasing an additional 1,679 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Norwood Financial during the third quarter valued at approximately $142,000. Stratford Consulting LLC purchased a new position in Norwood Financial during the third quarter valued at approximately $2,909,000. FNY Investment Advisers LLC purchased a new position in Norwood Financial during the third quarter valued at approximately $25,000. Finally, Community Bank N.A. grew its position in Norwood Financial by 645.2% during the third quarter. Community Bank N.A. now owns 7,825 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 6,775 shares in the last quarter. 20.15% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also: Equal Weight Rating

To view ValuEngine’s full report, visit ValuEngine’s official website.

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