Norwood Financial Corp. (NASDAQ:NWFL) Receives $28.50 Consensus Target Price from Brokerages

Shares of Norwood Financial Corp. (NASDAQ:NWFL) have earned an average rating of “Hold” from the five research firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $28.50.

NWFL has been the topic of several research reports. Wall Street Zen lowered shares of Norwood Financial from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research lowered shares of Norwood Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. Stephens reiterated an “equal weight” rating and set a $26.50 price objective on shares of Norwood Financial in a research note on Tuesday, July 8th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Norwood Financial in a research note on Saturday, September 27th.

Norwood Financial Stock Performance

Shares of NASDAQ:NWFL opened at $25.49 on Friday. The firm has a market cap of $236.04 million, a PE ratio of 106.21 and a beta of 0.69. The firm’s 50 day simple moving average is $25.64 and its 200-day simple moving average is $25.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 0.90. Norwood Financial has a one year low of $21.25 and a one year high of $34.50.

Norwood Financial (NASDAQ:NWFL) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.03. The company had revenue of $21.20 million for the quarter, compared to analyst estimates of $21.16 million. Norwood Financial had a net margin of 2.92% and a return on equity of 8.86%. As a group, equities analysts predict that Norwood Financial will post 2.51 EPS for the current year.

Norwood Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, October 15th. This represents a $1.24 dividend on an annualized basis and a yield of 4.9%. Norwood Financial’s payout ratio is currently 516.67%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NWFL. Bank of America Corp DE lifted its position in Norwood Financial by 48.9% during the fourth quarter. Bank of America Corp DE now owns 9,086 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 2,985 shares during the period. GAMMA Investing LLC lifted its position in Norwood Financial by 42,200.0% during the first quarter. GAMMA Investing LLC now owns 5,076 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 5,064 shares during the period. Bank of New York Mellon Corp lifted its position in Norwood Financial by 15.8% during the first quarter. Bank of New York Mellon Corp now owns 23,801 shares of the financial services provider’s stock valued at $575,000 after purchasing an additional 3,251 shares during the period. John G Ullman & Associates Inc. lifted its position in Norwood Financial by 18.1% during the first quarter. John G Ullman & Associates Inc. now owns 22,200 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 3,400 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Norwood Financial by 12.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 23,165 shares of the financial services provider’s stock valued at $560,000 after purchasing an additional 2,628 shares during the period. 28.08% of the stock is currently owned by institutional investors and hedge funds.

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.