Norwood Financial (NASDAQ:NWFL) Director James Shook Acquires 375 Shares

Norwood Financial Corp. (NASDAQ:NWFL) Director James Shook purchased 375 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were acquired at an average cost of $29.06 per share, for a total transaction of $10,897.50. Following the completion of the purchase, the director directly owned 9,353 shares of the company’s stock, valued at approximately $271,798.18. This represents a 4.18% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Norwood Financial Trading Up 5.5%

NWFL stock opened at $30.87 on Friday. The company has a market capitalization of $336.17 million, a PE ratio of 11.39 and a beta of 0.56. Norwood Financial Corp. has a one year low of $23.70 and a one year high of $32.23. The company’s 50 day moving average price is $29.75 and its two-hundred day moving average price is $28.82. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.90 and a current ratio of 0.90.

Norwood Financial (NASDAQ:NWFL) last issued its earnings results on Monday, April 27th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.09). Norwood Financial had a return on equity of 13.09% and a net margin of 17.75%.The firm had revenue of $27.27 million during the quarter, compared to the consensus estimate of $27.50 million. As a group, analysts predict that Norwood Financial Corp. will post 3.5 earnings per share for the current fiscal year.

Norwood Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Wednesday, April 15th were paid a $0.32 dividend. The ex-dividend date was Wednesday, April 15th. This represents a $1.28 dividend on an annualized basis and a yield of 4.1%. Norwood Financial’s payout ratio is presently 47.23%.

Institutional Investors Weigh In On Norwood Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co boosted its stake in Norwood Financial by 75.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 880 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 378 shares during the period. Osaic Holdings Inc. boosted its stake in Norwood Financial by 130.7% in the 2nd quarter. Osaic Holdings Inc. now owns 1,061 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 601 shares during the period. Tower Research Capital LLC TRC boosted its stake 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 worth $46,000 after purchasing an additional 1,321 shares during the period. BNP Paribas Financial Markets boosted its stake 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 worth $53,000 after purchasing an additional 1,241 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in 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 worth $54,000 after purchasing an additional 872 shares during the period. 28.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NWFL. Weiss Ratings upgraded shares of Norwood Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday. Stephens set a $33.00 target price on Norwood Financial and gave the stock an “equal weight” rating in a research report on Wednesday, February 11th. Finally, Wall Street Zen raised Norwood Financial from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $33.00.

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. It also provides commercial loans comprising lines of credit, revolving credit, term loans, mortgages, secured lending products, and letter of credit facilities; municipal finance lending; construction loans for commercial construction projects and single-family residences; land loans; construction financing; consumer loans; mortgage lending to finance principal residences and second home dwellings; and indirect dealer financing of new and used automobiles, boats, and recreational vehicles.