Norwood Financial (NASDAQ:NWFL) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Norwood Financial (NASDAQ:NWFL – Get Rating) in a report released on Thursday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Norwood Financial Trading Up 0.5 %

Shares of Norwood Financial stock opened at $29.01 on Thursday. The company’s fifty day simple moving average is $33.67 and its two-hundred day simple moving average is $30.98. The company has a market cap of $236.14 million, a P/E ratio of 8.08 and a beta of 0.46. Norwood Financial has a 12-month low of $23.00 and a 12-month high of $34.75.

Norwood Financial (NASDAQ:NWFL – Get Rating) last issued its quarterly earnings data on Friday, January 27th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter. The business had revenue of $19.16 million for the quarter. Norwood Financial had a net margin of 34.15% and a return on equity of 16.88%.

Norwood Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 1st. Stockholders of record on Friday, April 14th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Thursday, April 13th. Norwood Financial’s dividend payout ratio is presently 32.31%.

Insider Transactions at Norwood Financial

In other news, CFO William S. Lance sold 2,250 shares of the company’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $34.25, for a total value of $77,062.50. Following the sale, the chief financial officer now directly owns 8,942 shares of the company’s stock, valued at approximately $306,263.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO William S. Lance sold 2,250 shares of the company’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $34.25, for a total value of $77,062.50. Following the sale, the chief financial officer now directly owns 8,942 shares of the company’s stock, valued at approximately $306,263.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew Forte sold 825 shares of the company’s stock in a transaction dated Tuesday, December 27th. The stock was sold at an average price of $33.21, for a total transaction of $27,398.25. Following the completion of the sale, the director now directly owns 7,020 shares in the company, valued at $233,134.20. The disclosure for this sale can be found here. Insiders have sold 5,325 shares of company stock valued at $178,711 in the last three months. 9.70% of the stock is currently owned by company insiders.

Institutional Trading of Norwood Financial

Several institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in Norwood Financial by 1.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 23,165 shares of the financial services provider’s stock valued at $616,000 after purchasing an additional 433 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Norwood Financial by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 94,111 shares of the financial services provider’s stock valued at $2,691,000 after purchasing an additional 902 shares during the last quarter. Barclays PLC grew its position in Norwood Financial by 273.1% during the 4th quarter. Barclays PLC now owns 1,552 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 1,136 shares during the last quarter. Zullo Investment Group Inc. purchased a new stake in Norwood Financial during the 2nd quarter valued at about $36,000. Finally, Cetera Advisor Networks LLC grew its position in Norwood Financial by 14.8% during the 1st quarter. Cetera Advisor Networks LLC now owns 13,942 shares of the financial services provider’s stock valued at $399,000 after purchasing an additional 1,795 shares during the last quarter. 16.87% of the stock is owned by hedge funds and other institutional investors.

About Norwood Financial

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Norwood Financial Corp. is a bank holding company, which offers financial services and traditional banking to individual, business and government customers. It offers debit cards, savings accounts, personal loans, credit card, business lending, and wealth management. The company was founded in 1870 and is headquartered in Honesdale, PA.