Norwood Financial (NWFL) Rating Lowered to Sell at ValuEngine

ValuEngine lowered shares of Norwood Financial (NASDAQ:NWFL) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

Shares of NWFL opened at $33.24 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. Norwood Financial has a twelve month low of $28.76 and a twelve month high of $40.58. The stock has a market cap of $211.57 million, a price-to-earnings ratio of 15.70 and a beta of 0.17.

Norwood Financial (NASDAQ:NWFL) last issued its earnings results on Monday, October 22nd. The financial services provider reported $0.58 earnings per share for the quarter. Norwood Financial had a net margin of 21.65% and a return on equity of 11.75%. The company had revenue of $11.39 million for the quarter.

In other Norwood Financial news, Director Ralph A. Matergia purchased 4,150 shares of the stock in a transaction dated Monday, October 22nd. The shares were acquired at an average cost of $36.18 per share, for a total transaction of $150,147.00. Following the completion of the transaction, the director now directly owns 10,322 shares of the company’s stock, valued at $373,449.96. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Lewis J. Critelli sold 4,125 shares of the stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $38.14, for a total transaction of $157,327.50. The disclosure for this sale can be found here. Insiders have acquired 5,619 shares of company stock worth $205,620 over the last 90 days. 6.40% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP bought a new position in shares of Norwood Financial during the second quarter valued at approximately $242,000. BlackRock Inc. grew its stake in shares of Norwood Financial by 14.6% during the second quarter. BlackRock Inc. now owns 283,879 shares of the financial services provider’s stock valued at $10,225,000 after buying an additional 36,132 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Norwood Financial by 18.3% during the second quarter. Dimensional Fund Advisors LP now owns 56,502 shares of the financial services provider’s stock valued at $2,035,000 after buying an additional 8,746 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Norwood Financial by 5.5% during the second quarter. Renaissance Technologies LLC now owns 36,450 shares of the financial services provider’s stock valued at $1,313,000 after buying an additional 1,899 shares during the last quarter. Finally, Rhumbline Advisers bought a new position in shares of Norwood Financial during the third quarter valued at approximately $219,000. Institutional investors and hedge funds own 18.05% 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. It accepts a range of deposit products, such as interest-bearing and non-interest bearing transaction accounts, and statement savings and money market accounts, as well as certificate of deposits and individual retirement accounts.

Read More: Should You Consider an Index Fund?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Norwood Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwood Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit