BlackRock Inc. boosted its holdings in shares of Norwood Financial Co. (NASDAQ:NWFL) by 2.4% during the second quarter, Holdings Channel reports. The institutional investor owned 290,893 shares of the financial services provider’s stock after acquiring an additional 6,790 shares during the quarter. BlackRock Inc.’s holdings in Norwood Financial were worth $10,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Northern Trust Corp boosted its stake in Norwood Financial by 2.8% during the second quarter. Northern Trust Corp now owns 72,337 shares of the financial services provider’s stock worth $2,518,000 after buying an additional 1,985 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Norwood Financial by 9.6% during the second quarter. Renaissance Technologies LLC now owns 45,725 shares of the financial services provider’s stock worth $1,592,000 after buying an additional 4,000 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Norwood Financial by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 28,168 shares of the financial services provider’s stock worth $981,000 after buying an additional 491 shares in the last quarter. Cetera Advisor Networks LLC boosted its stake in Norwood Financial by 3.0% during the second quarter. Cetera Advisor Networks LLC now owns 23,098 shares of the financial services provider’s stock worth $799,000 after buying an additional 681 shares in the last quarter. Finally, Advisor Group Inc. acquired a new stake in Norwood Financial during the second quarter worth $35,000. Hedge funds and other institutional investors own 18.19% of the company’s stock.

In other news, CEO Lewis J. Critelli sold 3,125 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $35.19, for a total value of $109,968.75. Following the sale, the chief executive officer now owns 21,981 shares in the company, valued at approximately $773,511.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lewis J. Critelli sold 1,056 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $35.10, for a total transaction of $37,065.60. Following the completion of the sale, the chief executive officer now owns 21,981 shares in the company, valued at approximately $771,533.10. The disclosure for this sale can be found here. 6.60% of the stock is owned by insiders.

NWFL opened at $30.50 on Monday. Norwood Financial Co. has a fifty-two week low of $28.08 and a fifty-two week high of $38.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.87 and a quick ratio of 0.87. The firm’s fifty day moving average price is $31.33 and its two-hundred day moving average price is $32.53. The company has a market capitalization of $191.22 million, a P/E ratio of 13.94 and a beta of 0.37.

Norwood Financial (NASDAQ:NWFL) last posted its quarterly earnings results on Friday, July 26th. The financial services provider reported $0.56 earnings per share for the quarter. Norwood Financial had a net margin of 26.35% and a return on equity of 11.04%. The firm had revenue of $11.25 million for the quarter.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.96 dividend on an annualized basis and a yield of 3.15%.

Separately, ValuEngine upgraded shares of Norwood Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.

Norwood Financial Company Profile

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.

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Institutional Ownership by Quarter for Norwood Financial (NASDAQ:NWFL)

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