Joseph Carroll Acquires 4,000 Shares of Norwood Financial (NASDAQ:NWFL) Stock

Norwood Financial Corp. (NASDAQ:NWFL) Director Joseph Carroll purchased 4,000 shares of the business’s stock in a transaction dated Wednesday, January 28th. The shares were acquired at an average price of $28.13 per share, for a total transaction of $112,520.00. Following the acquisition, the director directly owned 41,503 shares in the company, valued at $1,167,479.39. This represents a 10.67% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Norwood Financial Stock Performance

NASDAQ:NWFL traded up $0.34 during midday trading on Thursday, reaching $28.40. The stock had a trading volume of 10,738 shares, compared to its average volume of 39,239. The stock has a market capitalization of $262.94 million, a P/E ratio of 9.48 and a beta of 0.61. Norwood Financial Corp. has a 1-year low of $21.25 and a 1-year high of $30.59. The firm’s fifty day simple moving average is $28.56 and its 200-day simple moving average is $26.71. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.90 and a quick ratio of 0.90.

Norwood Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 15th will be issued a dividend of $0.32 per share. The ex-dividend date is Thursday, January 15th. This is a positive change from Norwood Financial’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 4.5%. Norwood Financial’s dividend payout ratio is currently 42.81%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NWFL shares. Zacks Research downgraded shares of Norwood Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. Wall Street Zen lowered Norwood Financial from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Norwood Financial in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $26.50.

Institutional Trading of Norwood Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. lifted its stake in shares of Norwood Financial by 130.7% in the 2nd quarter. Osaic Holdings Inc. now owns 1,061 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 601 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Norwood Financial by 293.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,771 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 1,321 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Norwood Financial by 144.5% in the third quarter. BNP Paribas Financial Markets now owns 2,100 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 1,241 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Norwood Financial by 68.9% in the third quarter. Russell Investments Group Ltd. now owns 2,138 shares of the financial services provider’s stock worth $54,000 after buying an additional 872 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Norwood Financial by 18.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,909 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 765 shares during the period. 28.08% of the stock is owned by hedge funds and other institutional investors.

Norwood Financial Company Profile

Norwood Financial Corporation is the bank holding company for Norwood Bank, a community-oriented financial institution headquartered in Norwood, Massachusetts. Incorporated in 2010, the company oversees a network of branch offices serving suburban and metropolitan communities in eastern Massachusetts. Norwood Financial’s mission emphasizes personalized service, local decision-making and a commitment to supporting neighborhood growth.

The company’s primary business activities encompass a full suite of personal and commercial banking products and services.