Norwood Financial Corp. (NASDAQ:NWFL) Director Acquires $11,882.50 in Stock

Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) Director Andrew Forte acquired 485 shares of the business's stock in a transaction on Friday, April 25th. The shares were purchased at an average price of $24.50 per share, for a total transaction of $11,882.50. Following the transaction, the director now directly owns 6,405 shares of the company's stock, valued at approximately $156,922.50. The trade was a 8.19 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Norwood Financial Trading Down 0.2 %

NWFL traded down $0.05 during trading on Friday, hitting $25.87. 5,829 shares of the stock were exchanged, compared to its average volume of 14,173. Norwood Financial Corp. has a 1 year low of $21.25 and a 1 year high of $34.50. The firm has a market cap of $239.59 million, a price-to-earnings ratio of 2,586.50 and a beta of 0.54. The firm has a 50 day simple moving average of $24.22 and a 200 day simple moving average of $26.73. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.91.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. The company had revenue of $20.20 million for the quarter, compared to analyst estimates of $20.60 million. Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%. As a group, equities analysts expect that Norwood Financial Corp. will post 2.51 EPS for the current year.

Norwood Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Tuesday, April 15th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date was Tuesday, April 15th. Norwood Financial's dividend payout ratio (DPR) is currently 1,377.78%.

Institutional Investors Weigh In On Norwood Financial

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in shares of 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 in the last quarter. Barclays PLC lifted its position in Norwood Financial by 280.5% during the third quarter. Barclays PLC now owns 9,787 shares of the financial services provider's stock valued at $270,000 after acquiring an additional 7,215 shares during the last quarter. JPMorgan Chase & Co. boosted 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 acquiring an additional 9,950 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Norwood Financial in the fourth quarter worth $1,394,000. Finally, Emerald Advisers LLC acquired a new position in shares of Norwood Financial during the fourth quarter worth $122,000. Institutional investors own 28.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NWFL. Janney Montgomery Scott initiated coverage on Norwood Financial in a research note on Thursday, January 2nd. They set a "buy" rating and a $31.00 target price on the stock. StockNews.com raised Norwood Financial from a "sell" rating to a "hold" rating in a research report on Tuesday. Stephens reiterated an "equal weight" rating and set a $25.50 target price on shares of Norwood Financial in a research report on Monday, April 21st. Finally, Piper Sandler assumed coverage on shares of Norwood Financial in a report on Wednesday, January 8th. They issued a "neutral" rating and a $28.00 price target on the 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.