Norwood Financial Corp. $NWFL Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. cut its holdings in shares of Norwood Financial Corp. (NASDAQ:NWFL) by 38.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,600 shares of the financial services provider’s stock after selling 8,600 shares during the period. John G Ullman & Associates Inc.’s holdings in Norwood Financial were worth $351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NWFL. Corebridge Financial Inc. lifted its position in Norwood Financial by 13.0% during the first quarter. Corebridge Financial Inc. now owns 4,079 shares of the financial services provider’s stock valued at $99,000 after purchasing an additional 468 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Norwood Financial by 18.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,909 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 765 shares during the period. GAMMA Investing LLC lifted its position in Norwood Financial by 42,200.0% during the first quarter. GAMMA Investing LLC now owns 5,076 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 5,064 shares during the period. Nuveen LLC acquired a new position in Norwood Financial during the first quarter valued at $319,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Norwood Financial by 12.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 23,165 shares of the financial services provider’s stock valued at $560,000 after purchasing an additional 2,628 shares during the period. 28.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on NWFL. Stephens restated an “equal weight” rating and set a $26.50 target price on shares of Norwood Financial in a research report on Tuesday, July 8th. Weiss Ratings cut shares of Norwood Financial from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. Wall Street Zen raised shares of Norwood Financial from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Finally, Zacks Research cut shares of Norwood Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $28.50.

Norwood Financial Stock Up 1.2%

NWFL opened at $24.37 on Friday. Norwood Financial Corp. has a fifty-two week low of $21.25 and a fifty-two week high of $34.50. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 0.90. The company has a fifty day moving average of $25.80 and a two-hundred day moving average of $25.24. The stock has a market capitalization of $225.67 million, a price-to-earnings ratio of 101.55 and a beta of 0.69.

Norwood Financial (NASDAQ:NWFL) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. The business had revenue of $21.20 million during the quarter, compared to analysts’ expectations of $21.16 million. Norwood Financial had a net margin of 2.92% and a return on equity of 8.86%. On average, research analysts expect that Norwood Financial Corp. will post 2.51 earnings per share for the current year.

Norwood Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.1%. Norwood Financial’s payout ratio is currently 516.67%.

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.