StockNews.com Upgrades Norwood Financial (NASDAQ:NWFL) to Hold

StockNews.com upgraded shares of Norwood Financial (NASDAQ:NWFLFree Report) from a sell rating to a hold rating in a research note published on Thursday morning.

Norwood Financial Stock Performance

Shares of NWFL stock opened at $24.95 on Thursday. The company has a market cap of $202.10 million, a price-to-earnings ratio of 13.06 and a beta of 0.67. Norwood Financial has a 52 week low of $23.50 and a 52 week high of $34.50. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.83. The firm has a 50 day moving average of $24.68 and a 200-day moving average of $27.11.

Norwood Financial (NASDAQ:NWFLGet Free Report) last announced its quarterly earnings data on Monday, April 22nd. The financial services provider reported $0.55 EPS for the quarter. The company had revenue of $16.72 million during the quarter. Norwood Financial had a net margin of 14.14% and a return on equity of 8.80%.

Hedge Funds Weigh In On Norwood Financial

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its holdings in shares of Norwood Financial by 58.8% in the 1st quarter. BNP Paribas Financial Markets now owns 3,402 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 1,260 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Norwood Financial in the 4th quarter worth $130,000. John G Ullman & Associates Inc. bought a new position in shares of Norwood Financial in the 4th quarter worth $230,000. Cedar Brook Financial Partners LLC bought a new position in shares of Norwood Financial in the 4th quarter worth $239,000. Finally, Eagle Wealth Strategies LLC bought a new position in shares of Norwood Financial in the 4th quarter worth $774,000. 28.08% of the stock is currently owned by institutional investors.

Norwood Financial Company Profile

(Get Free Report)

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.

Further Reading

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