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.
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.