James Shook Buys 3,500 Shares of Norwood Financial (NASDAQ:NWFL) Stock

Norwood Financial Corp. (NASDAQ:NWFL) Director James Shook purchased 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The shares were acquired at an average cost of $28.80 per share, for a total transaction of $100,800.00. Following the purchase, the director owned 8,330 shares of the company’s stock, valued at $239,904. This represents a 72.46% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Norwood Financial Trading Down 2.0%

NASDAQ NWFL traded down $0.56 on Wednesday, hitting $28.06. 29,832 shares of the stock were exchanged, compared to its average volume of 40,852. The firm has a market capitalization of $259.84 million, a P/E ratio of 9.38 and a beta of 0.61. Norwood Financial Corp. has a 52-week low of $21.25 and a 52-week high of $30.59. The stock has a fifty day moving average price of $28.54 and a two-hundred day moving average price of $26.70. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.90 and a current ratio of 0.90.

Norwood Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be issued a $0.32 dividend. The ex-dividend date is Thursday, January 15th. This represents a $1.28 annualized dividend and a dividend yield of 4.6%. This is a positive change from Norwood Financial’s previous quarterly dividend of $0.31. Norwood Financial’s dividend payout ratio (DPR) is currently 42.81%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Norwood Financial

A number of hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. lifted its holdings in Norwood Financial by 130.7% in the second 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. Tower Research Capital LLC TRC boosted its position in Norwood Financial by 293.6% in 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 buying an additional 1,321 shares during the period. BNP Paribas Financial Markets grew its stake in 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 worth $53,000 after purchasing an additional 1,241 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Norwood Financial by 68.9% during 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 in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in 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 acquiring an additional 765 shares in the last quarter. Hedge funds and other institutional investors own 28.08% of the company’s stock.

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.