Norwood Financial (NASDAQ:NWFL) Upgraded at StockNews.com

StockNews.com upgraded shares of Norwood Financial (NASDAQ:NWFL) from a sell rating to a hold rating in a report issued on Wednesday.

NWFL has been the subject of several other reports. Piper Sandler assumed coverage on shares of Norwood Financial in a research report on Wednesday, January 8th. They issued a “neutral” rating and a $28.00 price objective for the company. Janney Montgomery Scott initiated coverage on shares of Norwood Financial in a research note on Thursday, January 2nd. They set a “buy” rating and a $31.00 price target for the company.

Norwood Financial Trading Down 0.3 %

Shares of NASDAQ NWFL opened at $25.93 on Wednesday. Norwood Financial has a fifty-two week low of $23.50 and a fifty-two week high of $34.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $209.77 million, a price-to-earnings ratio of 2,593.00 and a beta of 0.61. The business’s 50 day moving average price is $26.93 and its 200-day moving average price is $27.73.

Norwood Financial (NASDAQ:NWFL) last released its earnings results 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 positive return on equity of 8.38% and a negative net margin of 0.16%. On average, sell-side analysts expect that Norwood Financial will post 2.51 earnings per share for the current year.

Norwood Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Wednesday, January 15th were issued a $0.31 dividend. This is an increase from Norwood Financial’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 4.78%. The ex-dividend date of this dividend was Wednesday, January 15th. Norwood Financial’s payout ratio is presently 12,400.00%.

Insiders Place Their Bets

In other Norwood Financial news, Director Ronald R. Schmalzle acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The shares were bought at an average cost of $26.00 per share, with a total value of $52,000.00. Following the completion of the acquisition, the director now directly owns 17,621 shares in the company, valued at $458,146. This represents a 12.80 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have acquired a total of 12,255 shares of company stock worth $319,732 in the last three months. Corporate insiders own 9.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Signature Estate & Investment Advisors LLC bought a new position in Norwood Financial in the third quarter worth about $200,000. Charles Schwab Investment Management Inc. raised its stake in shares of Norwood Financial by 3.0% during 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 in the last quarter. State Street Corp lifted its position in Norwood Financial by 2.5% during the third quarter. State Street Corp now owns 99,889 shares of the financial services provider’s stock valued at $2,755,000 after acquiring an additional 2,402 shares during the last quarter. Barclays PLC boosted its stake in Norwood Financial by 280.5% in the third quarter. Barclays PLC now owns 9,787 shares of the financial services provider’s stock valued at $270,000 after acquiring an additional 7,215 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Norwood Financial by 250.5% in the third quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider’s stock worth $384,000 after purchasing an additional 9,950 shares during the last quarter. 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.