Norwood Financial (NASDAQ:NWFL) Rating Increased to Hold at StockNews.com

Norwood Financial (NASDAQ:NWFL) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

Norwood Financial Price Performance

Shares of NASDAQ NWFL opened at $24.37 on Thursday. The firm’s 50-day moving average price is $25.91 and its 200-day moving average price is $27.67. Norwood Financial has a 1-year low of $23.50 and a 1-year high of $34.50. The firm has a market capitalization of $197.64 million, a P/E ratio of 12.76 and a beta of 0.63. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.69.

Norwood Financial (NASDAQ:NWFL) last announced its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.04 earnings per share for the quarter. Norwood Financial had a net margin of 14.14% and a return on equity of 8.90%. The firm had revenue of $17.42 million for the quarter.

Institutional Investors Weigh In On Norwood Financial

A number of institutional investors and hedge funds have recently made changes to their positions in NWFL. Barclays PLC raised its holdings in shares of Norwood Financial by 62.0% in the 2nd quarter. Barclays PLC now owns 1,476 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 565 shares during the last quarter. SG Americas Securities LLC bought a new stake in Norwood Financial in the 4th quarter worth about $130,000. John G Ullman & Associates Inc. bought a new stake in Norwood Financial in the 4th quarter worth about $230,000. Cedar Brook Financial Partners LLC bought a new stake in Norwood Financial in the 4th quarter worth about $239,000. Finally, Bank of New York Mellon Corp grew its position in Norwood Financial by 2.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 28,429 shares of the financial services provider’s stock worth $732,000 after purchasing an additional 613 shares in the last quarter. Institutional investors and hedge funds own 28.08% of the company’s stock.

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.