John G Ullman & Associates Inc. Sells 1,000 Shares of Norwood Financial Corp. (NASDAQ:NWFL)

John G Ullman & Associates Inc. lowered its stake in shares of Norwood Financial Corp. (NASDAQ:NWFL) by 5.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,800 shares of the financial services provider’s stock after selling 1,000 shares during the quarter. John G Ullman & Associates Inc. owned 0.23% of Norwood Financial worth $511,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NWFL. Signature Estate & Investment Advisors LLC bought a new position in Norwood Financial in the 3rd quarter valued at $200,000. Barclays PLC grew its position in Norwood Financial by 280.5% in the 3rd quarter. Barclays PLC now owns 9,787 shares of the financial services provider’s stock valued at $270,000 after acquiring an additional 7,215 shares during the last quarter. JPMorgan Chase & Co. grew its position in Norwood Financial by 250.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider’s stock valued at $384,000 after acquiring an additional 9,950 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Norwood Financial by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,537 shares of the financial services provider’s stock valued at $566,000 after acquiring an additional 600 shares during the last quarter. Finally, State Street Corp grew its position in Norwood Financial by 2.5% in the 3rd quarter. State Street Corp now owns 99,889 shares of the financial services provider’s stock valued at $2,755,000 after acquiring an additional 2,402 shares during the last quarter. Institutional investors own 28.08% of the company’s stock.

Norwood Financial Trading Up 1.5 %

Shares of NASDAQ NWFL opened at $25.84 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $209.10 million, a P/E ratio of 2,584.00 and a beta of 0.61. Norwood Financial Corp. has a 1-year low of $23.50 and a 1-year high of $34.50. The business has a fifty day moving average price of $26.20 and a 200 day moving average price of $27.68.

Norwood Financial (NASDAQ:NWFL) last issued its quarterly earnings data 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 positive return on equity of 8.38% and a negative net margin of 0.16%. Equities research analysts expect that Norwood Financial Corp. will post 2.51 EPS for the current fiscal year.

Norwood Financial Increases Dividend

The firm 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. The ex-dividend date was Wednesday, January 15th. This is a boost from Norwood Financial’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 4.80%. Norwood Financial’s dividend payout ratio (DPR) is 12,400.00%.

Analyst Ratings Changes

Several equities analysts have commented on the company. StockNews.com downgraded Norwood Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. Piper Sandler started coverage on Norwood Financial in a report on Wednesday, January 8th. They issued a “neutral” rating and a $28.00 target price for the company. Finally, Janney Montgomery Scott started coverage on Norwood Financial in a report on Thursday, January 2nd. They issued a “buy” rating and a $31.00 target price for the company.

Insider Buying and Selling at Norwood Financial

In other Norwood Financial news, Director Ronald R. Schmalzle purchased 2,000 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was bought at an average cost of $26.00 per share, for a total transaction of $52,000.00. Following the completion of the purchase, the director now owns 17,621 shares in the company, valued at $458,146. This represents a 12.80 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders acquired 12,255 shares of company stock worth $319,732. 9.10% of the stock is owned by insiders.

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.