Norwood Financial (NASDAQ:NWFL) Director James Shook Acquires 3,100 Shares of Stock

Norwood Financial Corp. (NASDAQ:NWFL) Director James Shook bought 3,100 shares of the stock in a transaction on Tuesday, July 28th. The shares were acquired at an average cost of $34.55 per share, with a total value of $107,105.00. Following the purchase, the director owned 12,586 shares of the company’s stock, valued at approximately $434,846.30. This represents a 32.68% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Norwood Financial Trading Up 0.2%

Shares of Norwood Financial stock opened at $33.70 on Friday. The firm has a market capitalization of $367.03 million, a PE ratio of 11.62 and a beta of 0.55. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31. The firm’s 50 day moving average is $31.42 and its 200 day moving average is $30.36. Norwood Financial Corp. has a 1 year low of $23.71 and a 1 year high of $34.55.

Norwood Financial (NASDAQ:NWFL) last issued its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.86 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.01). Norwood Financial had a net margin of 18.68% and a return on equity of 13.33%. The company had revenue of $29.37 million during the quarter, compared to the consensus estimate of $28.10 million. Equities research analysts forecast that Norwood Financial Corp. will post 3.47 earnings per share for the current fiscal year.

Norwood Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.32 per share. The ex-dividend date is Wednesday, July 15th. This represents a $1.28 annualized dividend and a dividend yield of 3.8%. Norwood Financial’s dividend payout ratio is 44.14%.

Analyst Ratings Changes

NWFL has been the topic of several recent research reports. Stephens reissued a “mixed” rating and set a $35.00 price objective (up from $34.00) on shares of Norwood Financial in a report on Thursday, July 23rd. Wall Street Zen cut Norwood Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Norwood Financial in a research report on Friday, July 24th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Norwood Financial has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Hedge Funds Weigh In On Norwood Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in NWFL. CANADA LIFE ASSURANCE Co raised its stake in shares of Norwood Financial by 75.3% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 880 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 378 shares during the last quarter. Osaic Holdings Inc. grew its stake 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 worth $27,000 after purchasing an additional 601 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Norwood Financial by 293.6% in the second 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 last quarter. BNP Paribas Financial Markets increased its holdings in Norwood Financial by 144.5% in the third quarter. BNP Paribas Financial Markets now owns 2,100 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 1,241 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in Norwood Financial by 68.9% in the third quarter. Russell Investments Group Ltd. now owns 2,138 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 872 shares during the period. 28.08% of the stock is currently owned by institutional investors and hedge funds.

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. 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.