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

Norwood Financial (NASDAQ:NWFL) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Separately, Stephens reissued an “equal weight” rating and issued a $25.50 price objective on shares of Norwood Financial in a research report on Monday, April 21st.

Norwood Financial Stock Down 1.1%

NASDAQ NWFL opened at $25.72 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.74. Norwood Financial has a fifty-two week low of $21.25 and a fifty-two week high of $34.50. The business has a 50 day moving average price of $24.25 and a two-hundred day moving average price of $26.61. The stock has a market cap of $238.24 million, a PE ratio of 2,572.00 and a beta of 0.69.

Norwood Financial (NASDAQ:NWFL) last posted its earnings results on Thursday, April 17th. The financial services provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. The business had revenue of $20.20 million for the quarter, compared to analysts’ expectations of $20.60 million. Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%. As a group, sell-side analysts predict that Norwood Financial will post 2.51 EPS for the current fiscal year.

Institutional Trading of Norwood Financial

A number of hedge funds have recently made changes to their positions in NWFL. Emerald Advisers LLC bought a new position in Norwood Financial during the 4th quarter valued at $122,000. GAMMA Investing LLC increased its position 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. Mascagni Wealth Management Inc. acquired a new stake in shares of Norwood Financial in the 4th quarter valued at about $137,000. Wells Fargo & Company MN lifted its position in shares of Norwood Financial by 21.7% during the fourth quarter. Wells Fargo & Company MN now owns 5,203 shares of the financial services provider’s stock worth $142,000 after purchasing an additional 928 shares during the last quarter. Finally, Deutsche Bank AG bought a new position in shares of Norwood Financial during the fourth quarter worth about $232,000. 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.