16,831 Shares in Norwood Financial Corp. $NWFL Bought by NBT Bank N.A.

NBT Bank N.A. bought a new position in Norwood Financial Corp. (NASDAQ:NWFL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 16,831 shares of the financial services provider’s stock, valued at approximately $556,000. NBT Bank N.A. owned about 0.15% of Norwood Financial as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Raffles Associates LP purchased a new stake in Norwood Financial during the 2nd quarter valued at $352,000. Bank of America Corp DE purchased a new position in shares of Norwood Financial in the second quarter valued at about $763,000. Legal & General Group Plc purchased a new position in shares of Norwood Financial in the second quarter valued at about $33,000. The Manufacturers Life Insurance Company bought a new position in shares of Norwood Financial during the second quarter valued at about $5,603,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Norwood Financial during the second quarter valued at about $1,281,000. Institutional investors own 28.08% of the company’s stock.

Insiders Place Their Bets

In other Norwood Financial news, EVP Vincent O’bell sold 3,000 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $34.52, for a total value of $103,560.00. Following the completion of the transaction, the executive vice president owned 4,392 shares in the company, valued at approximately $151,611.84. This represents a 40.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Shook acquired 3,100 shares of the stock in a transaction on Tuesday, July 28th. The shares were purchased at an average cost of $34.55 per share, with a total value of $107,105.00. Following the transaction, the director directly owned 12,586 shares of the company’s stock, valued at approximately $434,846.30. This trade represents a 32.68% increase in their position. The SEC filing for this purchase provides additional information. 8.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NWFL shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Norwood Financial in a report on Thursday. Stephens restated a “mixed” rating and set a $35.00 price target (up from $34.00) on shares of Norwood Financial in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Norwood Financial Stock Performance

Norwood Financial stock opened at $34.77 on Friday. The stock’s 50 day simple moving average is $34.07 and its two-hundred day simple moving average is $32.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $378.99 million, a price-to-earnings ratio of 11.99 and a beta of 0.56. Norwood Financial Corp. has a fifty-two week low of $25.50 and a fifty-two week high of $35.48.

Norwood Financial (NASDAQ:NWFL) last posted its earnings results on Wednesday, July 22nd. The financial services provider reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). Norwood Financial had a return on equity of 12.88% and a net margin of 18.68%. The firm had revenue of $29.37 million for the quarter, compared to analysts’ expectations of $28.10 million. As a group, analysts expect that Norwood Financial Corp. will post 3.48 earnings per share for the current fiscal year.

Norwood Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, October 15th. Norwood Financial’s dividend payout ratio is presently 44.14%.

Norwood Financial Profile

Norwood Financial Corp. is the bank holding company for Wayne Bank, a community banking institution headquartered in Honesdale, Pennsylvania. Through Wayne Bank, the company provides banking and financial services to individuals, families, businesses, and nonprofit organizations.

Wayne Bank offers deposit products, including checking, savings, money market, and certificate of deposit accounts, along with consumer, residential mortgage, commercial, and real estate lending. Its services also include online and mobile banking, cash management, debit cards, and other electronic banking solutions.

Founded in 1870, Wayne Bank serves communities in northeastern Pennsylvania and the Catskill and Hudson Valley regions of New York through its branch network and digital channels.