Norwood Financial (NWFL) Cut to “Sell” at ValuEngine

ValuEngine cut shares of Norwood Financial (NASDAQ:NWFL) from a hold rating to a sell rating in a report issued on Wednesday.

Shares of NWFL opened at $33.24 on Wednesday. Norwood Financial has a 1-year low of $28.76 and a 1-year high of $40.58. The firm has a market capitalization of $211.57 million, a P/E ratio of 15.70 and a beta of 0.17. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.84 and a quick ratio of 0.84.

Norwood Financial (NASDAQ:NWFL) last announced its quarterly 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 firm had revenue of $11.39 million during the quarter.

In related news, Director Ralph A. Matergia purchased 4,150 shares of Norwood Financial stock in a transaction that occurred on Monday, October 22nd. The stock was purchased at an average cost of $36.18 per share, with a total value of $150,147.00. Following the completion of the transaction, the director now directly owns 10,322 shares in the company, valued at $373,449.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Lewis J. Critelli sold 4,125 shares of the company’s stock in a transaction dated 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. Over the last three months, insiders purchased 5,619 shares of company stock valued at $205,620. 6.40% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of Norwood Financial by 18.3% in 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. BlackRock Inc. raised its holdings in shares of Norwood Financial by 14.6% in 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. First Trust Advisors LP purchased a new stake in shares of Norwood Financial in the second quarter valued at about $242,000. Renaissance Technologies LLC raised its holdings in shares of Norwood Financial by 5.5% in 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, Vanguard Group Inc. raised its holdings in shares of Norwood Financial by 6.4% in the third quarter. Vanguard Group Inc. now owns 198,849 shares of the financial services provider’s stock valued at $7,787,000 after buying an additional 12,005 shares during the last quarter. 18.05% of the stock is 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. 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.

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