Norwood Financial (NASDAQ:NWFL) Director Purchases $101,498.00 in Stock

Norwood Financial Corp. (NASDAQ:NWFL) Director James Shook acquired 3,800 shares of Norwood Financial stock in a transaction that occurred on Monday, October 27th. The stock was bought at an average price of $26.71 per share, for a total transaction of $101,498.00. Following the completion of the acquisition, the director owned 4,830 shares in the company, valued at $129,009.30. This trade represents a 368.93% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Norwood Financial Trading Up 1.3%

Shares of NWFL stock opened at $26.57 on Friday. Norwood Financial Corp. has a 1-year low of $21.25 and a 1-year high of $34.50. The firm has a market cap of $246.04 million, a PE ratio of 40.88 and a beta of 0.69. The company has a 50-day moving average of $26.01 and a two-hundred day moving average of $25.48. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.90 and a quick ratio of 0.90.

Norwood Financial (NASDAQ:NWFL) last released its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.26. The business had revenue of $22.10 million for the quarter, compared to the consensus estimate of $22.10 million. Norwood Financial had a net margin of 6.82% and a return on equity of 10.86%. During the same period in the previous year, the firm earned $0.48 EPS. On average, analysts predict that Norwood Financial Corp. will post 2.51 EPS for the current year.

Norwood Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Wednesday, October 15th. Norwood Financial’s dividend payout ratio is 190.77%.

Wall Street Analysts Forecast Growth

NWFL has been the subject of a number of research reports. Stephens reaffirmed an “equal weight” rating and issued a $26.50 price objective on shares of Norwood Financial in a research note on Tuesday, July 8th. Wall Street Zen raised Norwood Financial from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Research upgraded shares of Norwood Financial from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings lowered shares of Norwood Financial from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $28.50.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Norwood Financial by 12.8% in the 1st 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 in the last quarter. Nuveen LLC acquired a new position in shares of Norwood Financial during the first quarter worth $319,000. Wellington Management Group LLP increased its holdings in Norwood Financial by 2.1% in the first quarter. Wellington Management Group LLP now owns 630,867 shares of the financial services provider’s stock valued at $15,248,000 after buying an additional 12,815 shares during the last quarter. Corebridge Financial Inc. raised its stake in Norwood Financial by 13.0% in the first quarter. Corebridge Financial Inc. now owns 4,079 shares of the financial services provider’s stock valued at $99,000 after buying an additional 468 shares in the last quarter. Finally, John G Ullman & Associates Inc. raised its stake in Norwood Financial by 18.1% in the first quarter. John G Ullman & Associates Inc. now owns 22,200 shares of the financial services provider’s stock valued at $537,000 after buying an additional 3,400 shares in the last quarter. Hedge funds and other institutional investors own 28.08% of the company’s stock.

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.