Norwood Financial Corp. (NASDAQ:NWFL) Director Ronald R. Schmalzle Purchases 2,563 Shares

Norwood Financial Corp. (NASDAQ:NWFL) Director Ronald R. Schmalzle purchased 2,563 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were purchased at an average cost of $26.43 per share, with a total value of $67,740.09. Following the completion of the acquisition, the director now owns 15,168 shares in the company, valued at $400,890.24. The trade was a 20.33 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Norwood Financial Price Performance

Shares of NASDAQ NWFL opened at $26.53 on Friday. The stock has a market capitalization of $214.63 million, a PE ratio of 2,653.00 and a beta of 0.61. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91. The business has a fifty day moving average price of $27.47 and a two-hundred day moving average price of $27.83. Norwood Financial Corp. has a fifty-two week low of $23.50 and a fifty-two week high of $34.50.

Norwood Financial (NASDAQ:NWFL) last issued its quarterly earnings results on Monday, February 3rd. The financial services provider reported $0.38 earnings per share (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%. As a group, equities analysts predict that Norwood Financial Corp. will post 2.54 earnings per share for the current fiscal year.

Norwood Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th were paid a $0.31 dividend. This is a positive change from Norwood Financial’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $1.24 annualized dividend and a dividend yield of 4.67%. Norwood Financial’s dividend payout ratio (DPR) is presently 12,400.00%.

Hedge Funds Weigh In On Norwood Financial

Several hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in shares of Norwood Financial in the 4th quarter valued at $1,394,000. JPMorgan Chase & Co. increased its stake in shares of 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 buying an additional 9,950 shares during the period. Barclays PLC increased its stake 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 valued at $270,000 after buying an additional 7,215 shares during the period. State Street Corp raised its holdings in Norwood Financial by 2.5% in the 3rd quarter. State Street Corp now owns 99,889 shares of the financial services provider’s stock valued at $2,755,000 after buying an additional 2,402 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Norwood Financial by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,537 shares of the financial services provider’s stock worth $566,000 after buying an additional 600 shares during the period. Institutional investors own 28.08% of the company’s stock.

Analysts Set New Price Targets

NWFL has been the subject of several analyst reports. StockNews.com cut Norwood Financial from a “hold” rating to a “sell” rating in a report on Wednesday, January 29th. Janney Montgomery Scott initiated 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. Finally, Piper Sandler initiated coverage on Norwood Financial in a report on Wednesday, January 8th. They issued a “neutral” rating and a $28.00 price objective for the company.

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.