Joseph Carroll Purchases 2,000 Shares of Norwood Financial (NASDAQ:NWFL) Stock

Norwood Financial Corp. (NASDAQ:NWFL) Director Joseph Carroll bought 2,000 shares of the company’s stock in a transaction on Tuesday, January 27th. The stock was purchased at an average cost of $27.91 per share, for a total transaction of $55,820.00. Following the completion of the transaction, the director directly owned 37,503 shares of the company’s stock, valued at approximately $1,046,708.73. The trade was a 5.63% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Norwood Financial Stock Performance

Norwood Financial stock traded down $0.56 during trading on Wednesday, reaching $28.06. The company had a trading volume of 29,832 shares, compared to its average volume of 40,852. The firm has a market capitalization of $259.84 million, a price-to-earnings ratio of 9.38 and a beta of 0.61. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.31. The firm’s 50-day simple moving average is $28.54 and its 200 day simple moving average is $26.70. Norwood Financial Corp. has a 52 week low of $21.25 and a 52 week high of $30.59.

Norwood Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 15th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.6%. This is a boost from Norwood Financial’s previous quarterly dividend of $0.31. Norwood Financial’s dividend payout ratio is presently 42.81%.

Institutional Trading of Norwood Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NWFL. Alliance Wealth Advisors LLC increased its position in shares of Norwood Financial by 26.5% during the fourth quarter. Alliance Wealth Advisors LLC now owns 14,364 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 3,008 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Norwood Financial by 32.8% during the third quarter. JPMorgan Chase & Co. now owns 9,923 shares of the financial services provider’s stock worth $252,000 after buying an additional 2,450 shares during the last quarter. Millennium Management LLC raised its stake in shares of Norwood Financial by 61.1% during the third quarter. Millennium Management LLC now owns 12,507 shares of the financial services provider’s stock worth $318,000 after purchasing an additional 4,742 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Norwood Financial during the third quarter worth $605,000. Finally, Community Bank N.A. raised its holdings in Norwood Financial by 91.6% during the third quarter. Community Bank N.A. now owns 6,802 shares of the financial services provider’s stock worth $173,000 after purchasing an additional 3,252 shares in the last quarter. Institutional investors and hedge funds own 28.08% of the company’s stock.

Wall Street Analyst Weigh In

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

About Norwood Financial

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.