Insider Buying: Norwood Financial Corp. (NASDAQ:NWFL) Director Acquires 2,000 Shares of Stock

Norwood Financial Corp. (NASDAQ:NWFL) Director Ronald R. Schmalzle acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average price of $26.00 per share, for a total transaction of $52,000.00. Following the purchase, the director now owns 17,621 shares of the company’s stock, valued at $458,146. The trade was a 12.80 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Norwood Financial Stock Up 2.1 %

NWFL stock opened at $26.62 on Friday. Norwood Financial Corp. has a twelve month low of $23.50 and a twelve month high of $34.50. The firm has a market capitalization of $215.36 million, a PE ratio of 2,662.00 and a beta of 0.62. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.74. The stock has a 50-day simple moving average of $27.83 and a two-hundred day simple moving average of $27.88.

Norwood Financial (NASDAQ:NWFL) last issued its quarterly earnings data on Monday, February 3rd. The financial services provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.17). Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%. On average, equities analysts predict that Norwood Financial Corp. will post 2.54 EPS for the current fiscal year.

Norwood Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a dividend of $0.31 per share. This is a positive change from Norwood Financial’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.24 annualized dividend and a yield of 4.66%. Norwood Financial’s dividend payout ratio (DPR) is currently 12,400.00%.

Analysts Set New Price Targets

NWFL has been the subject of several recent research reports. Janney Montgomery Scott started coverage on Norwood Financial in a report on Thursday, January 2nd. They issued a “buy” rating and a $31.00 price objective for the company. StockNews.com cut shares of Norwood Financial from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Piper Sandler began coverage on shares of Norwood Financial in a report on Wednesday, January 8th. They set a “neutral” rating and a $28.00 target price on the stock.

Hedge Funds Weigh In On Norwood Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Norwood Financial in the 3rd quarter valued at about $200,000. Barclays PLC increased its position in shares of Norwood Financial by 280.5% in the third quarter. Barclays PLC now owns 9,787 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 7,215 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Norwood Financial by 250.5% in the third quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider’s stock valued at $384,000 after purchasing an additional 9,950 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Norwood Financial by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 20,537 shares of the financial services provider’s stock valued at $566,000 after purchasing an additional 600 shares during the last quarter. Finally, Code Waechter LLC purchased a new position in Norwood Financial in the 3rd quarter worth approximately $815,000. 28.08% of the stock is currently owned by hedge funds and other institutional investors.

About Norwood Financial

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.