Norwood Financial (NASDAQ:NWFL) Director Acquires $107,105.00 in Stock

Norwood Financial Corp. (NASDAQ:NWFL) Director James Shook acquired 3,100 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were acquired at an average cost of $34.55 per share, with a total value of $107,105.00. Following the transaction, the director owned 12,586 shares in the company, valued at approximately $434,846.30. This trade represents a 32.68% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Norwood Financial Price Performance

Shares of Norwood Financial stock opened at $33.99 on Friday. Norwood Financial Corp. has a one year low of $23.71 and a one year high of $35.06. The stock’s fifty day moving average is $31.50 and its 200 day moving average is $30.39. The stock has a market cap of $370.15 million, a P/E ratio of 11.72 and a beta of 0.55. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 0.93.

Norwood Financial (NASDAQ:NWFL) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.01). The company had revenue of $29.37 million for the quarter, compared to analysts’ expectations of $28.10 million. Norwood Financial had a net margin of 18.68% and a return on equity of 13.33%. Sell-side analysts anticipate that Norwood Financial Corp. will post 3.47 earnings per share for the current year.

Norwood Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, July 15th. Norwood Financial’s payout ratio is presently 44.14%.

Hedge Funds Weigh In On Norwood Financial

Institutional investors have recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co increased its holdings in shares of Norwood Financial by 75.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 880 shares of the financial services provider’s stock worth $25,000 after buying an additional 378 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Norwood Financial by 8.1% in the 4th quarter. Royal Bank of Canada now owns 6,120 shares of the financial services provider’s stock valued at $172,000 after acquiring an additional 459 shares during the last quarter. Osaic Holdings Inc. lifted its holdings 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 acquiring an additional 601 shares during the last quarter. Geode Capital Management LLC grew its position in Norwood Financial by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 201,621 shares of the financial services provider’s stock worth $5,657,000 after acquiring an additional 650 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Norwood Financial by 18.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,909 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 765 shares in the last quarter. Institutional investors own 28.08% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Norwood Financial in a report on Friday, July 24th. Wall Street Zen cut shares of Norwood Financial from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Stephens restated a “mixed” rating and set a $35.00 price objective (up from $34.00) on shares of Norwood Financial in a research report on Thursday, July 23rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Norwood Financial currently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

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. 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.