Norwood Financial (NASDAQ:NWFL) Raised to “Hold” 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 Thursday.

Norwood Financial Stock Down 0.7 %

Shares of NWFL stock traded down $0.16 on Thursday, hitting $24.05. The stock had a trading volume of 7,536 shares, compared to its average volume of 11,064. Norwood Financial has a 12-month low of $23.50 and a 12-month high of $34.50. The stock has a market cap of $195.05 million, a price-to-earnings ratio of 12.59 and a beta of 0.63. The business has a 50 day moving average of $25.98 and a 200 day moving average of $27.69. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.88.

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

Institutional Trading of Norwood Financial

Several hedge funds have recently made changes to their positions in the company. Barclays PLC boosted its holdings in 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 buying an additional 565 shares during the period. SG Americas Securities LLC bought a new stake in shares of Norwood Financial during the 4th quarter valued at $130,000. John G Ullman & Associates Inc. purchased a new stake in Norwood Financial during the 4th quarter worth about $230,000. Cedar Brook Financial Partners LLC bought a new position in Norwood Financial in the 4th quarter worth about $239,000. Finally, Bank of New York Mellon Corp grew its holdings in Norwood Financial by 2.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 28,429 shares of the financial services provider’s stock valued at $732,000 after buying an additional 613 shares in the last quarter. 28.08% of the stock is currently owned by institutional investors.

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.