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

Norwood Financial (NASDAQ:NWFL) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Thursday.

Norwood Financial Stock Performance

NWFL opened at $24.37 on Thursday. The stock has a market capitalization of $197.64 million, a price-to-earnings ratio of 12.76 and a beta of 0.63. The company has a fifty day moving average of $25.91 and a 200 day moving average of $27.67. Norwood Financial has a fifty-two week low of $23.50 and a fifty-two week high of $34.50. 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 (NASDAQ:NWFL) last released its quarterly earnings data 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 business had revenue of $17.42 million during the quarter.

Hedge Funds Weigh In On Norwood Financial

Several institutional investors have recently bought and sold shares of NWFL. Barclays PLC lifted its position in Norwood Financial by 62.0% during the second quarter. Barclays PLC now owns 1,476 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 565 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Norwood Financial in the 4th quarter worth about $130,000. John G Ullman & Associates Inc. bought a new stake in shares of Norwood Financial in the 4th quarter worth about $230,000. Cedar Brook Financial Partners LLC bought a new stake in shares of Norwood Financial in the 4th quarter worth about $239,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Norwood Financial by 2.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 28,429 shares of the financial services provider’s stock worth $732,000 after acquiring an additional 613 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.