Norwood Financial (NASDAQ:NWFL) Now Covered by Analysts at Piper Sandler

Research analysts at Piper Sandler began coverage on shares of Norwood Financial (NASDAQ:NWFL) in a note issued to investors on Wednesday,Benzinga reports. The firm set a “neutral” rating and a $28.00 price target on the financial services provider’s stock. Piper Sandler’s target price indicates a potential upside of 7.73% from the stock’s current price.

Separately, Janney Montgomery Scott started coverage on shares of Norwood Financial in a research report on Thursday, January 2nd. They set a “buy” rating and a $31.00 target price for the company.

Norwood Financial Stock Down 0.0 %

Shares of NWFL opened at $25.99 on Wednesday. The business’s 50 day moving average is $29.41 and its 200 day moving average is $27.77. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. Norwood Financial has a 12-month low of $23.50 and a 12-month high of $34.50. The company has a market capitalization of $210.31 million, a PE ratio of 16.35 and a beta of 0.62.

Insiders Place Their Bets

In other news, Director Ronald R. Schmalzle bought 7,692 shares of the stock in a transaction dated Thursday, December 19th. The stock was purchased at an average cost of $26.00 per share, for a total transaction of $199,992.00. Following the transaction, the director now owns 15,510 shares of the company’s stock, valued at $403,260. The trade was a 98.39 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 9.10% of the company’s stock.

Hedge Funds Weigh In On Norwood Financial

Several institutional investors have recently bought and sold shares of NWFL. JPMorgan Chase & Co. raised its position in shares of Norwood Financial by 250.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider’s stock valued at $384,000 after buying an additional 9,950 shares in the last quarter. Barclays PLC increased its stake in Norwood Financial by 280.5% during the third quarter. Barclays PLC now owns 9,787 shares of the financial services provider’s stock worth $270,000 after acquiring an additional 7,215 shares during the last quarter. State Street Corp raised its position in Norwood Financial by 2.5% during the third quarter. State Street Corp now owns 99,889 shares of the financial services provider’s stock valued at $2,755,000 after purchasing an additional 2,402 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Norwood Financial by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,537 shares of the financial services provider’s stock valued at $566,000 after purchasing an additional 600 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC purchased a new position in shares of Norwood Financial in the 3rd quarter worth approximately $200,000. Institutional investors own 28.08% of the company’s stock.

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.