Wall Street Zen Upgrades Norwood Financial (NASDAQ:NWFL) to Buy

Norwood Financial (NASDAQ:NWFL) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other research analysts have also commented on the stock. Zacks Research lowered shares of Norwood Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Norwood Financial in a report on Monday, December 29th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $26.50.

Norwood Financial Price Performance

NWFL stock opened at $30.43 on Friday. The stock has a market capitalization of $281.78 million, a price-to-earnings ratio of 10.18 and a beta of 0.61. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.31. Norwood Financial has a 52-week low of $21.25 and a 52-week high of $30.59. The stock’s fifty day simple moving average is $28.66 and its 200-day simple moving average is $26.76.

Insider Activity

In related news, Director James Shook acquired 3,500 shares of Norwood Financial stock in a transaction that occurred on Wednesday, January 28th. The stock was acquired at an average price of $28.80 per share, with a total value of $100,800.00. Following the completion of the acquisition, the director directly owned 8,330 shares of the company’s stock, valued at $239,904. This trade represents a 72.46% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph W. Carroll purchased 4,000 shares of the company’s stock in a transaction on Wednesday, January 28th. The shares were bought at an average price of $28.13 per share, for a total transaction of $112,520.00. Following the completion of the transaction, the director directly owned 41,503 shares in the company, valued at $1,167,479.39. This represents a 10.67% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 9,700 shares of company stock valued at $274,770. 9.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Norwood Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Alliance Wealth Advisors LLC lifted its holdings in shares of Norwood Financial by 26.5% in the fourth quarter. Alliance Wealth Advisors LLC now owns 14,364 shares of the financial services provider’s stock valued at $403,000 after purchasing an additional 3,008 shares in the last quarter. JPMorgan Chase & Co. raised its position in Norwood Financial by 32.8% during the third quarter. JPMorgan Chase & Co. now owns 9,923 shares of the financial services provider’s stock valued at $252,000 after buying an additional 2,450 shares during the period. Millennium Management LLC lifted its stake in Norwood Financial by 61.1% in the 3rd quarter. Millennium Management LLC now owns 12,507 shares of the financial services provider’s stock worth $318,000 after acquiring an additional 4,742 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Norwood Financial during the 3rd quarter worth about $605,000. Finally, Community Bank N.A. grew its stake in Norwood Financial by 91.6% during the 3rd quarter. Community Bank N.A. now owns 6,802 shares of the financial services provider’s stock valued at $173,000 after acquiring an additional 3,252 shares in the last quarter. 28.08% of the stock is currently owned by institutional investors.

Norwood Financial Company Profile

Norwood Financial Corporation is the bank holding company for Norwood Bank, a community-oriented financial institution headquartered in Norwood, Massachusetts. Incorporated in 2010, the company oversees a network of branch offices serving suburban and metropolitan communities in eastern Massachusetts. Norwood Financial’s mission emphasizes personalized service, local decision-making and a commitment to supporting neighborhood growth.

The company’s primary business activities encompass a full suite of personal and commercial banking products and services.