Norwood Financial (NASDAQ:NWFL) Director Joseph Carroll Purchases 4,000 Shares

Norwood Financial Corp. (NASDAQ:NWFL) Director Joseph Carroll purchased 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The stock was acquired at an average cost of $28.13 per share, with a total value of $112,520.00. Following the transaction, the director directly owned 41,503 shares of the company’s stock, valued at approximately $1,167,479.39. This represents a 10.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Norwood Financial Stock Up 4.9%

NASDAQ NWFL opened at $29.43 on Friday. Norwood Financial Corp. has a 1-year low of $21.25 and a 1-year high of $30.59. The company has a market capitalization of $272.52 million, a price-to-earnings ratio of 9.84 and a beta of 0.61. The stock’s 50 day moving average is $28.61 and its two-hundred day moving average is $26.73. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.31.

Norwood Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, January 15th. This is a boost from Norwood Financial’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.3%. Norwood Financial’s dividend payout ratio (DPR) is 42.81%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Norwood Financial

Large investors have recently modified their holdings of the stock. Osaic Holdings Inc. increased its holdings in shares of 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 purchasing an additional 601 shares in 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 last quarter. BNP Paribas Financial Markets boosted its position in Norwood Financial by 144.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,100 shares of the financial services provider’s stock valued at $53,000 after buying an additional 1,241 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Norwood Financial by 68.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,138 shares of the financial services provider’s stock valued at $54,000 after buying an additional 872 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Norwood Financial by 18.5% during 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 during the last quarter. 28.08% of the stock is currently owned by institutional investors and hedge funds.

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.