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

StockNews.com upgraded shares of Norwood Financial (NASDAQ:NWFL) from a sell rating to a hold rating in a research note released on Thursday.

Norwood Financial Price Performance

Shares of NASDAQ:NWFL opened at $24.05 on Thursday. Norwood Financial has a fifty-two week low of $23.50 and a fifty-two week high of $34.50. The business has a 50-day simple moving average of $25.98 and a two-hundred day simple moving average of $27.69. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $195.05 million, a price-to-earnings ratio of 12.59 and a beta of 0.63.

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

Norwood Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.99%. The ex-dividend date is Friday, April 12th. Norwood Financial’s dividend payout ratio is 62.83%.

Institutional Investors Weigh In On Norwood Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC increased 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 acquiring an additional 565 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Norwood Financial in the 4th quarter worth approximately $130,000. John G Ullman & Associates Inc. purchased a new stake in Norwood Financial in the 4th quarter worth approximately $230,000. Cedar Brook Financial Partners LLC bought a new position in Norwood Financial in the 4th quarter worth approximately $239,000. Finally, Eagle Wealth Strategies LLC bought a new position in Norwood Financial in the 4th quarter worth approximately $774,000. 28.08% of the stock is owned by hedge funds and other 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.