Insider Buying: Norwood Financial (NASDAQ:NWFL) Director Buys 700 Shares of Stock

Norwood Financial Corp. (NASDAQ:NWFL) Director Ronald Schmalzle acquired 700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average price of $30.19 per share, with a total value of $21,133.00. Following the completion of the acquisition, the director directly owned 27,168 shares of the company’s stock, valued at $820,201.92. This represents a 2.64% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Norwood Financial Stock Up 0.4%

Norwood Financial stock traded up $0.12 during mid-day trading on Wednesday, hitting $30.82. 2,506 shares of the company’s stock were exchanged, compared to its average volume of 27,660. Norwood Financial Corp. has a 1-year low of $23.70 and a 1-year high of $32.23. The stock has a 50 day moving average of $29.90 and a two-hundred day moving average of $29.31. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31. The stock has a market cap of $335.61 million, a P/E ratio of 11.37 and a beta of 0.56.

Norwood Financial (NASDAQ:NWFL) last released its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.09). The company had revenue of $27.27 million for the quarter, compared to the consensus estimate of $27.50 million. Norwood Financial had a return on equity of 12.43% and a net margin of 17.75%. As a group, analysts anticipate that Norwood Financial Corp. will post 3.45 EPS for the current fiscal year.

Norwood Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $1.28 dividend on an annualized basis and a yield of 4.2%. Norwood Financial’s dividend payout ratio is presently 47.23%.

Wall Street Analysts Forecast Growth

NWFL has been the topic of a number of recent analyst reports. Stephens set a $33.00 price target on shares of Norwood Financial and gave the company an “equal weight” rating in a research report on Wednesday, February 11th. Weiss Ratings raised shares of Norwood Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen lowered shares of Norwood Financial from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $33.00.

Institutional Investors Weigh In On Norwood Financial

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in Norwood Financial by 6.2% during the first quarter. Bank of New York Mellon Corp now owns 38,128 shares of the financial services provider’s stock valued at $1,122,000 after acquiring an additional 2,233 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Norwood Financial by 15.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 155,908 shares of the financial services provider’s stock worth $4,587,000 after purchasing an additional 21,248 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Norwood Financial by 17.4% during the first quarter. Renaissance Technologies LLC now owns 65,526 shares of the financial services provider’s stock valued at $1,928,000 after purchasing an additional 9,720 shares during the period. Gateway Wealth Partners LLC bought a new stake in shares of Norwood Financial during the first quarter valued at approximately $518,000. Finally, Bulldog Investors LLP raised its stake in shares of Norwood Financial by 165.0% in the first quarter. Bulldog Investors LLP now owns 170,000 shares of the financial services provider’s stock valued at $5,001,000 after purchasing an additional 105,855 shares in the last quarter. 28.08% of the stock is owned by institutional investors and hedge funds.

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. 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.