Norwood Financial (NASDAQ:NWFL) Stock Price Expected to Rise, Stephens Analyst Says

Norwood Financial (NASDAQ:NWFL) had its target price boosted by investment analysts at Stephens from $35.00 to $37.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Stephens‘s price objective would suggest a potential upside of 3.70% from the company’s previous close.

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Norwood Financial in a report on Thursday, October 22nd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Norwood Financial presently has an average rating of “Hold” and an average target price of $37.00.

Norwood Financial Stock Performance

NASDAQ:NWFL opened at $35.68 on Monday. Norwood Financial has a twelve month low of $26.47 and a twelve month high of $37.48. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.23. The stock’s 50-day simple moving average is $34.45 and its 200 day simple moving average is $31.82. The firm has a market capitalization of $388.91 million, a PE ratio of 11.55 and a beta of 0.55.

Norwood Financial (NASDAQ:NWFL) last issued its earnings results on Tuesday, October 27th. The financial services provider reported $1.08 EPS for the quarter, topping the consensus estimate of $0.95 by $0.13. The firm had revenue of $30.93 million during the quarter, compared to the consensus estimate of $30.00 million. Norwood Financial had a return on equity of 13.53% and a net margin of 19.67%. On average, analysts anticipate that Norwood Financial will post 3.56 EPS for the current fiscal year.

Insider Buying and Selling at Norwood Financial

In related news, EVP Vincent O’bell sold 3,000 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $34.52, for a total transaction of $103,560.00. Following the sale, the executive vice president owned 4,392 shares in the company, valued at $151,611.84. The trade was a 40.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Norwood Financial

Large investors have recently bought and sold shares of the company. NBT Bank N.A. acquired a new stake in shares of Norwood Financial during the third quarter valued at about $556,000. Raffles Associates LP bought a new stake in shares of Norwood Financial during the second quarter worth about $352,000. Bank of America Corp DE bought a new stake in shares of Norwood Financial during the second quarter worth about $763,000. Legal & General Group Plc acquired a new position in shares of Norwood Financial in the second quarter valued at approximately $33,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Norwood Financial in the second quarter valued at approximately $5,603,000. 28.08% of the stock is currently owned by institutional investors.

About Norwood Financial

Norwood Financial Corp. is the bank holding company for Wayne Bank, a community banking institution headquartered in Honesdale, Pennsylvania. Through Wayne Bank, the company provides banking and financial services to individuals, families, businesses, and nonprofit organizations.

Wayne Bank offers deposit products, including checking, savings, money market, and certificate of deposit accounts, along with consumer, residential mortgage, commercial, and real estate lending. Its services also include online and mobile banking, cash management, debit cards, and other electronic banking solutions.

Founded in 1870, Wayne Bank serves communities in northeastern Pennsylvania and the Catskill and Hudson Valley regions of New York through its branch network and digital channels.