Norwood Financial (NASDAQ:NWFL) Director Purchases $21,133.00 in Stock

Norwood Financial Corp. (NASDAQ:NWFL) Director Ronald Schmalzle purchased 700 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was bought at an average price of $30.19 per share, for a total transaction of $21,133.00. Following the acquisition, the director owned 27,168 shares in the company, valued at $820,201.92. The trade was a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Norwood Financial Stock Down 1.6%

Shares of NWFL opened at $30.23 on Friday. The firm has a market cap of $329.23 million, a PE ratio of 11.15 and a beta of 0.56. The company’s fifty day moving average is $30.04 and its two-hundred day moving average is $29.38. Norwood Financial Corp. has a fifty-two week low of $23.70 and a fifty-two week high of $32.23. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.31.

Norwood Financial (NASDAQ:NWFL) last announced its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.09). The company had revenue of $27.27 million during the quarter, compared to analyst estimates of $27.50 million. Norwood Financial had a net margin of 17.75% and a return on equity of 12.43%. Analysts forecast that Norwood Financial Corp. will post 3.45 earnings per share for the current year.

Norwood Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Wednesday, April 15th. Norwood Financial’s dividend payout ratio (DPR) is 47.23%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Weiss Ratings upgraded shares of Norwood Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Stephens set a $33.00 price target on shares of Norwood Financial and gave the company an “equal weight” rating in a report on Wednesday, February 11th. Finally, Wall Street Zen lowered shares of Norwood Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Norwood Financial currently has an average rating of “Hold” and an average price target of $33.00.

Hedge Funds Weigh In On Norwood Financial

Hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its holdings in shares of Norwood Financial by 68.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,138 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 872 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Norwood Financial by 144.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,100 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 1,241 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Norwood Financial by 293.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,771 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 1,321 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Norwood Financial by 130.7% during the 2nd quarter. Osaic Holdings Inc. now owns 1,061 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 601 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Norwood Financial by 15.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 155,908 shares of the financial services provider’s stock valued at $4,587,000 after acquiring an additional 21,248 shares in the last quarter. Institutional investors and hedge funds 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. It also provides commercial loans comprising lines of credit, revolving credit, term loans, mortgages, secured lending products, and letter of credit facilities; municipal finance lending; construction loans for commercial construction projects and single-family residences; land loans; construction financing; consumer loans; mortgage lending to finance principal residences and second home dwellings; and indirect dealer financing of new and used automobiles, boats, and recreational vehicles.