Norwood Financial (NASDAQ:NWFL) Price Target Raised to $37.00

Norwood Financial (NASDAQ:NWFL) had its price objective lifted by Stephens from $35.00 to $37.00 in a research report report published on Monday morning, MarketBeat.com reports. The firm currently has an equal weight rating on the financial services provider’s stock.

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

Norwood Financial Stock Performance

NWFL opened at $36.17 on Monday. The firm has a market capitalization of $394.61 million, a PE ratio of 11.71 and a beta of 0.55. Norwood Financial has a twelve month low of $26.61 and a twelve month high of $37.74. The firm’s 50-day moving average price is $34.59 and its 200 day moving average price is $31.93. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23.

Norwood Financial (NASDAQ:NWFL) last released its quarterly earnings data on Tuesday, October 27th. The financial services provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.13. The company had revenue of $30.93 million during the quarter, compared to the consensus estimate of $30.00 million. Norwood Financial had a net margin of 19.67% and a return on equity of 13.53%. As a group, sell-side analysts expect that Norwood Financial will post 3.56 EPS for the current fiscal year.

Norwood Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.5%. The ex-dividend date was Thursday, October 15th. Norwood Financial’s dividend payout ratio is currently 41.42%.

Insiders Place Their Bets

In other Norwood Financial news, EVP Vincent O’bell sold 3,000 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 4,392 shares of the company’s stock, valued at approximately $151,611.84. This trade represents a 40.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.10% of the company’s stock.

Institutional Trading of Norwood Financial

Several large investors have recently added to or reduced their stakes in the stock. NBT Bank N.A. acquired a new stake in Norwood Financial during the 3rd quarter valued at $556,000. Raffles Associates LP purchased a new position in Norwood Financial in the 2nd quarter valued at about $352,000. Bank of America Corp DE acquired a new stake in shares of Norwood Financial during the second quarter valued at about $763,000. Legal & General Group Plc acquired a new stake in shares of Norwood Financial during the second quarter valued at about $33,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Norwood Financial during the second quarter worth about $5,603,000. 28.08% of the stock is currently owned by institutional investors and hedge funds.

Norwood Financial Company Profile

Norwood Financial Corporation is a bank holding company headquartered in Honesdale, Pennsylvania. Its principal subsidiary, Wayne Bank, provides community banking services to individuals, businesses and organizations. Wayne Bank offers deposit accounts, consumer and commercial loans, mortgages, and other lending services, along with digital banking. The company also provides trust and wealth management services. Through its branch network, Norwood Financial serves communities in northeastern Pennsylvania and parts of New York.