Norwood Financial (NASDAQ:NWFL) Downgraded by StockNews.com to “Sell”

Norwood Financial (NASDAQ:NWFL) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

Other research analysts have also recently issued reports about the stock. Janney Montgomery Scott initiated coverage on shares of Norwood Financial in a research note on Thursday, January 2nd. They issued a “buy” rating and a $31.00 price objective on the stock. Piper Sandler initiated coverage on shares of Norwood Financial in a research note on Wednesday, January 8th. They issued a “neutral” rating and a $28.00 price objective on the stock.

Norwood Financial Stock Performance

NWFL stock traded down $0.02 during mid-day trading on Tuesday, hitting $25.48. 16,171 shares of the company were exchanged, compared to its average volume of 11,988. The business has a 50 day simple moving average of $26.24 and a 200-day simple moving average of $27.69. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $206.18 million, a PE ratio of 2,548.00 and a beta of 0.61. Norwood Financial has a 1-year low of $23.50 and a 1-year high of $34.50.

Norwood Financial (NASDAQ:NWFL) last released its quarterly earnings results on Monday, February 3rd. The financial services provider reported $0.38 earnings per share 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%. On average, equities analysts forecast that Norwood Financial will post 2.51 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Ronald R. Schmalzle bought 2,563 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were purchased at an average price of $26.43 per share, with a total value of $67,740.09. Following the completion of the purchase, the director now owns 15,168 shares in the company, valued at $400,890.24. This represents a 20.33 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders have purchased 12,255 shares of company stock valued at $319,732. 9.30% of the stock is currently owned by insiders.

Institutional Trading of Norwood Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. Emerald Advisers LLC bought a new stake in shares of Norwood Financial during the fourth quarter worth $122,000. Wells Fargo & Company MN grew its stake in shares of Norwood Financial by 21.7% in 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. Signature Estate & Investment Advisors LLC bought a new stake in shares of Norwood Financial in the third quarter worth $200,000. Deutsche Bank AG bought a new stake in shares of Norwood Financial in the fourth quarter worth $232,000. Finally, Bank of America Corp DE grew its stake in shares of Norwood Financial by 48.9% in the fourth quarter. Bank of America Corp DE now owns 9,086 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 2,985 shares during the last quarter. 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.