Norwood Financial (NASDAQ:NWFL) EVP Vincent O’bell Sells 3,000 Shares

Norwood Financial Corp. (NASDAQ:NWFL) EVP Vincent O’bell sold 3,000 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $34.52, for a total transaction of $103,560.00. Following the completion of the sale, the executive vice president directly owned 4,392 shares in the company, valued at approximately $151,611.84. This represents a 40.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Norwood Financial Stock Up 0.1%

Norwood Financial stock opened at $34.71 on Friday. The company has a market cap of $378.34 million, a P/E ratio of 11.97 and a beta of 0.54. Norwood Financial Corp. has a 1-year low of $23.82 and a 1-year high of $35.48. The company has a fifty day simple moving average of $33.10 and a 200 day simple moving average of $31.17. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23.

Norwood Financial (NASDAQ:NWFL) last issued its quarterly earnings results 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 return on equity of 12.88% and a net margin of 18.68%.The business had revenue of $29.37 million for the quarter, compared to the consensus estimate of $28.10 million. Research analysts anticipate that Norwood Financial Corp. will post 3.47 earnings per share for the current fiscal year.

Norwood Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Wednesday, July 15th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.7%. The ex-dividend date was Wednesday, July 15th. Norwood Financial’s dividend payout ratio is presently 44.14%.

Institutional Trading of Norwood Financial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CANADA LIFE ASSURANCE Co increased its position in Norwood Financial by 75.3% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 880 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 378 shares during the period. Legal & General Group Plc acquired a new stake in Norwood Financial in the 2nd quarter worth about $33,000. Osaic Holdings Inc. boosted its holdings 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 valued at $27,000 after purchasing an additional 601 shares during the period. Tower Research Capital LLC TRC boosted its holdings 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 valued at $46,000 after purchasing an additional 1,321 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Norwood Financial by 144.5% during 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 in the last quarter. Institutional investors own 28.08% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on NWFL. Wall Street Zen lowered Norwood Financial from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Norwood Financial in a report on Friday, July 24th. Finally, Stephens reissued a “mixed” rating and issued a $35.00 target price (up from $34.00) on shares of Norwood Financial in a research note on Thursday, July 23rd. 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, the company has an average rating of “Moderate Buy” and an average price target of $35.00.

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.