Norwood Financial Corp. (NASDAQ:NWFL) Director Ronald R. Schmalzle Acquires 2,000 Shares

Norwood Financial Corp. (NASDAQ:NWFL) Director Ronald R. Schmalzle acquired 2,000 shares of Norwood Financial stock in a transaction that occurred on Thursday, January 30th. The stock was bought at an average cost of $26.00 per share, with a total value of $52,000.00. Following the acquisition, the director now directly owns 17,621 shares of the company’s stock, valued at approximately $458,146. This trade represents a 12.80 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Norwood Financial Price Performance

NASDAQ NWFL traded up $0.56 on Friday, reaching $26.62. The company’s stock had a trading volume of 34,802 shares, compared to its average volume of 10,980. Norwood Financial Corp. has a twelve month low of $23.50 and a twelve month high of $34.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $215.36 million, a PE ratio of 2,662.00 and a beta of 0.62. The firm’s 50 day moving average is $27.91 and its two-hundred day moving average is $27.89.

Norwood Financial (NASDAQ:NWFL) last issued its quarterly earnings results on Monday, February 3rd. The financial services provider reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.17). Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%. As a group, sell-side analysts predict that Norwood Financial Corp. will post 2.54 EPS for the current year.

Norwood Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This is a positive change from Norwood Financial’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 4.66%. Norwood Financial’s dividend payout ratio is currently 12,400.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Janney Montgomery Scott assumed coverage on shares of Norwood Financial in a report on Thursday, January 2nd. They issued a “buy” rating and a $31.00 price objective for the company. StockNews.com downgraded shares of Norwood Financial from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Piper Sandler initiated coverage on shares of Norwood Financial in a report on Wednesday, January 8th. They issued a “neutral” rating and a $28.00 price target for the company.

Institutional Trading of Norwood Financial

A number of hedge funds have recently bought and sold shares of NWFL. Signature Estate & Investment Advisors LLC purchased a new stake in Norwood Financial during the third quarter valued at about $200,000. Barclays PLC lifted its stake in Norwood Financial by 280.5% during the third quarter. Barclays PLC now owns 9,787 shares of the financial services provider’s stock valued at $270,000 after buying an additional 7,215 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Norwood Financial by 250.5% during the third quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider’s stock valued at $384,000 after buying an additional 9,950 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Norwood Financial by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 20,537 shares of the financial services provider’s stock valued at $566,000 after buying an additional 600 shares in the last quarter. Finally, Code Waechter LLC purchased a new stake in Norwood Financial during the third quarter valued at about $815,000. 28.08% of the stock is owned by hedge funds and other institutional investors.

About Norwood Financial

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.