Norwood Financial (NASDAQ:NWFL) Cut to “Sell” at StockNews.com

StockNews.com cut shares of Norwood Financial (NASDAQ:NWFL) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

NWFL has been the subject of a number of other reports. 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. Piper Sandler started coverage on Norwood Financial in a research note on Wednesday, January 8th. They set a “neutral” rating and a $28.00 target price on the stock.

Norwood Financial Stock Performance

NASDAQ:NWFL opened at $26.62 on Wednesday. The company has a market cap of $215.36 million, a price-to-earnings ratio of 2,662.00 and a beta of 0.62. Norwood Financial has a 1 year low of $23.50 and a 1 year high of $34.50. The stock’s 50 day simple moving average is $27.83 and its two-hundred day simple moving average is $27.88. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91.

Norwood Financial (NASDAQ:NWFL) last announced its quarterly earnings results 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 negative net margin of 0.16% and a positive return on equity of 8.38%. As a group, equities analysts anticipate that Norwood Financial will post 2.54 earnings per share for the current fiscal year.

Norwood Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This is a boost from Norwood Financial’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.66%. Norwood Financial’s dividend payout ratio is presently 12,400.00%.

Insider Activity at Norwood Financial

In related news, Director Ronald R. Schmalzle bought 2,000 shares of Norwood Financial stock in a transaction dated Thursday, January 30th. The shares were acquired at an average cost of $26.00 per share, with a total value of $52,000.00. Following the completion of the transaction, the director now owns 17,621 shares in the company, valued at $458,146. The trade was a 12.80 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 9.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NWFL. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Norwood Financial in the 3rd quarter worth $200,000. Barclays PLC raised its holdings in shares of 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. JPMorgan Chase & Co. lifted its stake 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 acquiring an additional 9,950 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in 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. Finally, Code Waechter LLC purchased a new position in Norwood Financial during the 3rd quarter valued at about $815,000. Institutional investors own 28.08% of the company’s stock.

About Norwood Financial

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.