Norwood Financial (NASDAQ:NWFL) EVP Vincent O’bell Sells 3,000 Shares of Stock

Norwood Financial Corp. (NASDAQ:NWFL) EVP Vincent O’bell sold 3,000 shares of Norwood Financial stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $34.52, for a total transaction of $103,560.00. Following the completion of the transaction, the executive vice president directly owned 4,392 shares in the company, valued at $151,611.84. This represents a 40.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Norwood Financial Stock Up 0.1%

Shares of NWFL traded up $0.05 during midday trading on Friday, hitting $34.71. 14,468 shares of the company’s stock traded hands, compared to its average volume of 32,550. Norwood Financial Corp. has a 1 year low of $23.82 and a 1 year high of $35.48. The firm’s fifty day moving average is $33.05 and its 200-day moving average is $31.14. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $378.34 million, a price-to-earnings ratio of 11.97 and a beta of 0.54.

Norwood Financial (NASDAQ:NWFL) last posted its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). Norwood Financial had a return on equity of 12.88% and a net margin of 18.68%.The business had revenue of $29.37 million during the quarter, compared to analyst estimates of $28.10 million. As a group, 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 was paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.7%. Norwood Financial’s payout ratio is 44.14%.

Analysts Set New Price Targets

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

Institutional Trading of Norwood Financial

A number of hedge funds have recently modified their holdings of NWFL. Wellington Management Group LLP grew its holdings in Norwood Financial by 40.1% during the fourth quarter. Wellington Management Group LLP now owns 888,812 shares of the financial services provider’s stock worth $24,931,000 after acquiring an additional 254,259 shares during the period. BlackRock Inc. acquired a new position in Norwood Financial in the second quarter valued at approximately $24,960,000. Geode Capital Management LLC boosted its position in Norwood Financial by 3.2% in the 2nd quarter. Geode Capital Management LLC now owns 201,858 shares of the financial services provider’s stock worth $5,205,000 after purchasing an additional 6,238 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Norwood Financial during the 2nd quarter worth approximately $5,603,000. Finally, Bulldog Investors LLP grew its stake in shares of Norwood Financial by 165.0% during the 1st quarter. Bulldog Investors LLP now owns 170,000 shares of the financial services provider’s stock worth $5,001,000 after purchasing an additional 105,855 shares during the period. Hedge funds and other institutional investors own 28.08% of the company’s stock.

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.