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 report issued on Wednesday.

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

Norwood Financial Stock Performance

NASDAQ NWFL traded down $0.31 during trading hours on Wednesday, hitting $25.82. The company’s stock had a trading volume of 4,426 shares, compared to its average volume of 9,740. 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 company has a market cap of $208.88 million, a P/E ratio of 16.24 and a beta of 0.62. The company’s 50 day simple moving average is $27.99 and its two-hundred day simple moving average is $27.90. Norwood Financial has a 12 month low of $23.50 and a 12 month high of $34.50.

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 the consensus estimate of $0.55 by ($0.17). Norwood Financial had a net margin of 10.90% and a return on equity of 6.94%. As a group, sell-side analysts expect that Norwood Financial will post 2.1 EPS for the current fiscal year.

Insider Transactions at Norwood Financial

In other news, Director Ronald R. Schmalzle purchased 7,692 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average cost of $26.00 per share, with a total value of $199,992.00. Following the completion of the purchase, the director now owns 15,510 shares in the company, valued at approximately $403,260. This represents a 98.39 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 9.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NWFL. Cetera Investment Advisers raised its position in shares of Norwood Financial by 258.7% during the 2nd quarter. Cetera Investment Advisers now owns 84,919 shares of the financial services provider’s stock valued at $2,155,000 after buying an additional 61,247 shares in the last quarter. Code Waechter LLC purchased a new stake in Norwood Financial during the third quarter valued at approximately $815,000. JPMorgan Chase & Co. lifted its stake in shares of Norwood Financial by 250.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider’s stock valued at $384,000 after purchasing an additional 9,950 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in shares of Norwood Financial in the 3rd quarter worth approximately $200,000. Finally, Barclays PLC increased its position 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 purchasing an additional 7,215 shares during the last quarter. 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.