Norwood Financial (NASDAQ:NWFL) Downgraded to Sell at StockNews.com

StockNews.com lowered shares of Norwood Financial (NASDAQ:NWFL) from a hold rating to a sell rating in a report published on Friday morning.

Norwood Financial Trading Up 0.3 %

Shares of Norwood Financial stock opened at $25.36 on Friday. Norwood Financial has a 1 year low of $23.50 and a 1 year high of $34.50. The company’s fifty day simple moving average is $25.65 and its 200-day simple moving average is $27.65. The company has a market cap of $205.67 million, a price-to-earnings ratio of 13.28 and a beta of 0.64. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.69.

Norwood Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date was Friday, April 12th. Norwood Financial’s dividend payout ratio is currently 62.83%.

Institutional Investors Weigh In On Norwood Financial

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its position in shares of Norwood Financial by 58.8% in the 1st quarter. BNP Paribas Financial Markets now owns 3,402 shares of the financial services provider’s stock worth $93,000 after acquiring an additional 1,260 shares during the period. SG Americas Securities LLC acquired a new position in shares of Norwood Financial in the fourth quarter valued at $130,000. John G Ullman & Associates Inc. bought a new position in Norwood Financial in the fourth quarter worth $230,000. Cedar Brook Financial Partners LLC acquired a new stake in Norwood Financial during the fourth quarter worth $239,000. Finally, Eagle Wealth Strategies LLC bought a new stake in Norwood Financial in the 4th quarter valued at $774,000. 28.08% of the stock is owned by institutional investors and hedge funds.

About Norwood Financial

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.