Norwood Financial Corp. (NASDAQ:NWFL) Director Ronald R. Schmalzle Purchases 2,563 Shares

Norwood Financial Corp. (NASDAQ:NWFL) Director Ronald R. Schmalzle purchased 2,563 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were acquired at an average price of $26.43 per share, for a total transaction of $67,740.09. Following the acquisition, the director now owns 15,168 shares of the company’s stock, valued at $400,890.24. This trade represents a 20.33 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Norwood Financial Price Performance

NWFL stock opened at $26.53 on Friday. The firm has a market cap of $214.63 million, a price-to-earnings ratio of 2,653.00 and a beta of 0.61. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.74. Norwood Financial Corp. has a 12-month low of $23.50 and a 12-month high of $34.50. The company’s fifty day simple moving average is $27.47 and its 200 day simple moving average is $27.83.

Norwood Financial (NASDAQ:NWFL) last released its earnings results on Monday, February 3rd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, analysts expect that Norwood Financial Corp. will post 2.54 earnings per share for the current year.

Norwood Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th were paid a $0.31 dividend. This is an increase from Norwood Financial’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend was Wednesday, January 15th. Norwood Financial’s payout ratio is 12,400.00%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Norwood Financial from a “hold” rating to a “sell” rating in a report on Wednesday, January 29th. Piper Sandler assumed coverage on shares of Norwood Financial in a report on Wednesday, January 8th. They issued a “neutral” rating and a $28.00 target price on the stock. Finally, 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 target price on the stock.

Institutional Investors Weigh In On Norwood Financial

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

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.