StockNews.com Downgrades Norwood Financial (NASDAQ:NWFL) to Sell

StockNews.com lowered shares of Norwood Financial (NASDAQ:NWFL) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

Norwood Financial Stock Down 0.2 %

NWFL stock opened at $25.32 on Friday. Norwood Financial has a fifty-two week low of $23.50 and a fifty-two week high of $34.50. The stock has a fifty day moving average of $25.64 and a 200-day moving average of $27.64. The company has a market capitalization of $205.35 million, a price-to-earnings ratio of 13.26 and a beta of 0.64. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.88 and a current ratio of 0.88.

Norwood Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Monday, April 15th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.74%. The ex-dividend date was Friday, April 12th. Norwood Financial’s payout ratio is 62.83%.

Institutional Trading of Norwood Financial

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its holdings in shares of Norwood Financial by 58.8% during the 1st quarter. BNP Paribas Financial Markets now owns 3,402 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 1,260 shares during the last quarter. SG Americas Securities LLC bought a new stake in Norwood Financial in the fourth quarter valued at $130,000. John G Ullman & Associates Inc. purchased a new position in shares of Norwood Financial during the fourth quarter valued at about $230,000. Cedar Brook Financial Partners LLC bought a new position in shares of Norwood Financial in the 4th quarter worth approximately $239,000. Finally, Bank of New York Mellon Corp raised its holdings in Norwood Financial by 2.2% in the third quarter. Bank of New York Mellon Corp now owns 28,429 shares of the financial services provider’s stock worth $732,000 after purchasing an additional 613 shares in the last quarter. Hedge funds and other institutional investors own 28.08% of the company’s stock.

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.