StockNews.com Downgrades Norwood Financial (NASDAQ:NWFL) to Sell

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

A number of other research firms have also weighed in on NWFL. Piper Sandler started coverage on Norwood Financial in a research note on Wednesday, January 8th. They set a “neutral” rating and a $28.00 price objective on the stock. Janney Montgomery Scott assumed coverage on shares of Norwood Financial in a research report on Thursday, January 2nd. They set a “buy” rating and a $31.00 price objective for the company.

Norwood Financial Price Performance

Shares of NASDAQ NWFL opened at $26.06 on Wednesday. The stock has a market capitalization of $210.83 million, a price-to-earnings ratio of 16.39 and a beta of 0.62. Norwood Financial has a 52 week low of $23.50 and a 52 week high of $34.50. The firm has a 50-day simple moving average of $27.91 and a 200-day simple moving average of $27.89. 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 (NASDAQ:NWFL) last released its quarterly earnings data on Monday, February 3rd. The financial services provider reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.17). Norwood Financial had a net margin of 10.90% and a return on equity of 6.94%. On average, equities analysts predict that Norwood Financial will post 2.1 earnings per share for the current fiscal year.

Insider Transactions at Norwood Financial

In related news, Director Ronald R. Schmalzle acquired 7,692 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average price of $26.00 per share, with a total value of $199,992.00. Following the transaction, the director now owns 15,510 shares of the company’s stock, valued at approximately $403,260. This trade represents a 98.39 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 9.10% of the company’s stock.

Institutional Trading of Norwood Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NWFL. Cetera Investment Advisers grew its stake in shares of Norwood Financial by 258.7% in the second 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 acquired a new position in Norwood Financial in the 3rd quarter valued at about $815,000. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Norwood Financial during the third quarter worth about $200,000. Charles Schwab Investment Management Inc. lifted its position in shares of Norwood Financial by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 20,537 shares of the financial services provider’s stock worth $566,000 after purchasing an additional 600 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Norwood Financial by 2.5% in the third quarter. State Street Corp now owns 99,889 shares of the financial services provider’s stock valued at $2,755,000 after purchasing an additional 2,402 shares during the period. Hedge funds and other institutional investors 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.