Norwood Financial (NASDAQ:NWFL) EVP Sells $103,560.00 in Stock

Norwood Financial Corp. (NASDAQ:NWFL) EVP Vincent O’bell sold 3,000 shares of Norwood Financial stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $34.52, for a total transaction of $103,560.00. Following the sale, the executive vice president directly owned 4,392 shares of the company’s stock, valued at $151,611.84. The trade was a 40.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Norwood Financial Price Performance

Norwood Financial stock opened at $34.71 on Monday. The company’s 50-day moving average price is $33.10 and its two-hundred day moving average price is $31.16. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.23. The stock has a market cap of $378.34 million, a P/E ratio of 11.97 and a beta of 0.54. Norwood Financial Corp. has a twelve month low of $23.82 and a twelve month high of $35.48.

Norwood Financial (NASDAQ:NWFL) last issued its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). The firm had revenue of $29.37 million for the quarter, compared to the consensus estimate of $28.10 million. Norwood Financial had a return on equity of 12.88% and a net margin of 18.68%. As a group, analysts expect that Norwood Financial Corp. will post 3.47 EPS for the current year.

Norwood Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.7%. Norwood Financial’s dividend payout ratio (DPR) is currently 44.14%.

Wall Street Analysts Forecast Growth

NWFL has been the topic of several research reports. Wall Street Zen downgraded shares of Norwood Financial from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Norwood Financial in a report on Friday, July 24th. Finally, Stephens restated a “mixed” rating and set a $35.00 target price (up from $34.00) on shares of Norwood Financial in a research report on Thursday, July 23rd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company acquired a new position in shares of Norwood Financial in the 2nd quarter valued at approximately $5,603,000. BlackRock Inc. acquired a new position in Norwood Financial during the 2nd quarter worth approximately $24,960,000. Bulldog Investors LLP lifted its stake 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 purchasing an additional 105,855 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Norwood Financial in the 2nd quarter valued at approximately $1,281,000. Finally, Gateway Wealth Partners LLC acquired a new stake in Norwood Financial in the first quarter valued at approximately $518,000. Institutional investors and hedge funds 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. 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.