Jacobs Asset Management LLC Invests $1.67 Million in Norwood Financial Corp. (NASDAQ:NWFL)

Jacobs Asset Management LLC acquired a new position in Norwood Financial Corp. (NASDAQ:NWFL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 61,423 shares of the financial services provider’s stock, valued at approximately $1,671,000. Norwood Financial comprises approximately 1.0% of Jacobs Asset Management LLC’s investment portfolio, making the stock its 24th largest position. Jacobs Asset Management LLC owned 0.76% of Norwood Financial as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NWFL. Wellington Management Group LLP acquired a new stake in Norwood Financial during the 4th quarter worth $16,814,000. The Manufacturers Life Insurance Company bought a new position in Norwood Financial during the 4th quarter worth approximately $4,840,000. Geode Capital Management LLC increased its stake in Norwood Financial by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 166,450 shares of the financial services provider’s stock valued at $4,529,000 after purchasing an additional 811 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Norwood Financial by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 106,786 shares of the financial services provider’s stock worth $2,905,000 after purchasing an additional 3,017 shares in the last quarter. Finally, Alliancebernstein L.P. acquired a new position in shares of Norwood Financial in the 4th quarter valued at $2,092,000. Institutional investors and hedge funds own 28.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Stephens reaffirmed an “equal weight” rating and set a $25.50 price objective on shares of Norwood Financial in a research note on Monday, April 21st. StockNews.com upgraded Norwood Financial from a “sell” rating to a “hold” rating in a report on Saturday.

Norwood Financial Stock Performance

Shares of NWFL stock opened at $25.72 on Friday. The firm has a market cap of $238.24 million, a PE ratio of 2,572.00 and a beta of 0.69. Norwood Financial Corp. has a 12 month low of $21.25 and a 12 month high of $34.50. The company’s fifty day simple moving average is $24.25 and its 200-day simple moving average is $26.62. 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 (NASDAQ:NWFL) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%. The company had revenue of $20.20 million during the quarter, compared to the consensus estimate of $20.60 million. Equities research analysts expect that Norwood Financial Corp. will post 2.51 EPS for the current fiscal year.

Norwood Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend was Tuesday, April 15th. Norwood Financial’s dividend payout ratio is currently 1,377.78%.

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.