James Shook Purchases 3,100 Shares of Norwood Financial (NASDAQ:NWFL) Stock

Norwood Financial Corp. (NASDAQ:NWFL) Director James Shook purchased 3,100 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were purchased at an average price of $34.55 per share, for a total transaction of $107,105.00. Following the completion of the transaction, the director directly owned 12,586 shares of the company’s stock, valued at $434,846.30. This represents a 32.68% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Norwood Financial Price Performance

Shares of NWFL stock opened at $33.99 on Friday. The business’s fifty day moving average is $31.50 and its 200 day moving average is $30.39. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.31. The stock has a market cap of $370.15 million, a price-to-earnings ratio of 11.72 and a beta of 0.55. Norwood Financial Corp. has a twelve month low of $23.71 and a twelve month high of $35.06.

Norwood Financial (NASDAQ:NWFL) last announced its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.86 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.01). Norwood Financial had a net margin of 18.68% and a return on equity of 13.33%. The firm had revenue of $29.37 million for the quarter, compared to analysts’ expectations of $28.10 million. Research analysts expect that Norwood Financial Corp. will post 3.47 EPS for the current fiscal year.

Norwood Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, July 15th. Norwood Financial’s dividend payout ratio (DPR) is presently 44.14%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NWFL. Bank of America Corp DE increased its position in shares of Norwood Financial by 124.1% during the first quarter. Bank of America Corp DE now owns 18,483 shares of the financial services provider’s stock valued at $544,000 after acquiring an additional 10,237 shares in the last quarter. Gateway Wealth Partners LLC purchased a new position in Norwood Financial in the 1st quarter worth approximately $518,000. Renaissance Technologies LLC lifted its position in Norwood Financial by 17.4% in the 1st quarter. Renaissance Technologies LLC now owns 65,526 shares of the financial services provider’s stock valued at $1,928,000 after acquiring an additional 9,720 shares in the last quarter. Bulldog Investors LLP lifted its position in Norwood Financial by 165.0% in the 1st quarter. Bulldog Investors LLP now owns 170,000 shares of the financial services provider’s stock valued at $5,001,000 after acquiring an additional 105,855 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Norwood Financial by 15.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 155,908 shares of the financial services provider’s stock valued at $4,587,000 after acquiring an additional 21,248 shares in the last quarter. Institutional investors own 28.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Norwood Financial in a research note on Friday, July 24th. Wall Street Zen downgraded Norwood Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Stephens reissued a “mixed” rating and issued a $35.00 target price (up from $34.00) on shares of Norwood Financial in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

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.