Norwood Financial (NWFL) Stock Rating Reaffirmed by Wood & Company

Norwood Financial (NASDAQ:NWFL)‘s stock had its “sell” rating reaffirmed by stock analysts at Wood & Company in a research report issued on Wednesday, AnalystRatings.com reports.

Shares of NASDAQ:NWFL traded up $1.14 during midday trading on Wednesday, hitting $35.74. 4,202 shares of the company’s stock traded hands, compared to its average volume of 4,702. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $209.30 million, a price-to-earnings ratio of 15.27 and a beta of 0.26. Norwood Financial has a twelve month low of $28.08 and a twelve month high of $40.58.

Norwood Financial (NASDAQ:NWFL) last posted its earnings results on Friday, April 19th. The financial services provider reported $0.51 earnings per share for the quarter. The business had revenue of $10.83 million for the quarter. Norwood Financial had a net margin of 26.98% and a return on equity of 11.40%.

In other Norwood Financial news, Director Ralph A. Matergia bought 1,340 shares of Norwood Financial stock in a transaction that occurred on Wednesday, April 24th. The shares were acquired at an average price of $31.83 per share, for a total transaction of $42,652.20. Following the acquisition, the director now owns 12,880 shares of the company’s stock, valued at approximately $409,970.40. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, EVP John F. Carmody sold 1,650 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $34.00, for a total transaction of $56,100.00. Following the completion of the transaction, the executive vice president now owns 4,425 shares in the company, valued at approximately $150,450. The disclosure for this sale can be found here. Insiders have sold a total of 6,300 shares of company stock worth $198,020 in the last 90 days. Company insiders own 6.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Northern Trust Corp lifted its holdings in Norwood Financial by 0.6% in the 1st quarter. Northern Trust Corp now owns 70,352 shares of the financial services provider’s stock worth $2,169,000 after buying an additional 440 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Norwood Financial by 518.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,219 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 1,022 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Norwood Financial by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 63,426 shares of the financial services provider’s stock worth $2,093,000 after purchasing an additional 1,362 shares during the last quarter. Bank of America Corp DE increased its position in shares of Norwood Financial by 29.0% in the 4th quarter. Bank of America Corp DE now owns 6,154 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 1,382 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Norwood Financial by 14.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,272 shares of the financial services provider’s stock worth $441,000 after purchasing an additional 1,802 shares during the last quarter. Hedge funds and other institutional investors own 17.66% 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.

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