Wall Street Zen Downgrades Norwood Financial (NASDAQ:NWFL) to Hold

Norwood Financial (NASDAQ:NWFL) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Several other equities research analysts have also issued reports on NWFL. Stephens reissued an “equal weight” rating and set a $26.50 price target on shares of Norwood Financial in a research report on Tuesday, July 8th. Zacks Research lowered shares of Norwood Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Norwood Financial in a research report on Saturday, September 27th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $28.50.

Norwood Financial Stock Performance

Shares of Norwood Financial stock opened at $25.49 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 0.90. Norwood Financial has a 1 year low of $21.25 and a 1 year high of $34.50. The firm’s 50-day simple moving average is $25.64 and its 200-day simple moving average is $25.21. The firm has a market cap of $236.04 million, a PE ratio of 106.21 and a beta of 0.69.

Norwood Financial (NASDAQ:NWFL) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. Norwood Financial had a return on equity of 8.86% and a net margin of 2.92%.The business had revenue of $21.20 million during the quarter, compared to the consensus estimate of $21.16 million. Equities analysts forecast that Norwood Financial will post 2.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Norwood Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in shares of Norwood Financial by 42,200.0% in the 1st quarter. GAMMA Investing LLC now owns 5,076 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 5,064 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Norwood Financial by 48.9% in the 4th quarter. Bank of America Corp DE now owns 9,086 shares of the financial services provider’s stock worth $247,000 after acquiring an additional 2,985 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Norwood Financial by 12.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 23,165 shares of the financial services provider’s stock worth $560,000 after purchasing an additional 2,628 shares during the period. Nuveen LLC purchased a new stake in shares of Norwood Financial during the first quarter valued at $319,000. Finally, Wellington Management Group LLP boosted its position in shares of Norwood Financial by 2.1% in the 1st quarter. Wellington Management Group LLP now owns 630,867 shares of the financial services provider’s stock valued at $15,248,000 after purchasing an additional 12,815 shares during the period. 28.08% of the stock is currently owned by institutional investors.

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.