Norwood Financial (NWFL) Stock Rating Lowered by ValuEngine

Norwood Financial (NASDAQ:NWFL) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Shares of Norwood Financial (NWFL) traded down $0.33 during trading on Friday, hitting $29.90. 2,176 shares of the stock were exchanged, compared to its average volume of 6,685. Norwood Financial has a twelve month low of $21.17 and a twelve month high of $33.74. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $188.45, a price-to-earnings ratio of 18.25 and a beta of 0.13.

Norwood Financial (NASDAQ:NWFL) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter. Norwood Financial had a net margin of 23.08% and a return on equity of 9.07%. The business had revenue of $10.73 million for the quarter.

In other news, EVP John F. Carmody sold 2,219 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $30.17, for a total transaction of $66,947.23. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 6.40% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of NWFL. Bank of New York Mellon Corp acquired a new position in Norwood Financial during the second quarter worth about $481,000. Peoples Financial Services CORP. grew its position in Norwood Financial by 50.0% during the third quarter. Peoples Financial Services CORP. now owns 11,821 shares of the financial services provider’s stock worth $361,000 after buying an additional 3,940 shares during the period. Schwab Charles Investment Management Inc. acquired a new position in Norwood Financial during the second quarter worth about $288,000. Siena Capital Partners GP LLC grew its position in Norwood Financial by 50.0% during the third quarter. Siena Capital Partners GP LLC now owns 32,561 shares of the financial services provider’s stock worth $994,000 after buying an additional 10,854 shares during the period. Finally, Teachers Advisors LLC acquired a new position in Norwood Financial during the second quarter worth about $294,000. Institutional investors own 17.37% of the company’s stock.

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Norwood Financial Company Profile

Norwood Financial Corp. is a bank holding company. The Company operates through its subsidiary, Wayne Bank (the Bank). The Bank is a chartered bank and trust company. The Bank is an independent community bank that operates over five offices in the Wayne County, approximately three offices in Pike County, four offices in Monroe County and over three offices in Lackawanna County.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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