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

Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) Director Andrew Forte bought 485 shares of the stock in a transaction dated Friday, April 25th. The shares were bought at an average cost of $24.50 per share, with a total value of $11,882.50. Following the completion of the acquisition, 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Norwood Financial Stock Up 3.8 %

Shares of NWFL traded up $0.99 on Friday, hitting $26.90. The company's stock had a trading volume of 25,341 shares, compared to its average volume of 14,308. The firm has a market capitalization of $249.17 million, a price-to-earnings ratio of 2,690.00 and a beta of 0.69. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.74. Norwood Financial Corp. has a fifty-two week low of $21.25 and a fifty-two week high of $34.50. The firm's fifty day moving average price is $24.25 and its 200-day moving average price is $26.70.

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

Norwood Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend was Tuesday, April 15th. Norwood Financial's payout ratio is presently 1,377.78%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NWFL. Piper Sandler initiated coverage on Norwood Financial in a research report on Wednesday, January 8th. They issued a "neutral" rating and a $28.00 price target for the company. Stephens restated an "equal weight" rating and issued a $25.50 price objective on shares of Norwood Financial in a research note on Monday, April 21st. Finally, StockNews.com upgraded shares of Norwood Financial from a "sell" rating to a "hold" rating in a research report on Tuesday, April 29th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in shares of Norwood Financial by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 166,450 shares of the financial services provider's stock worth $4,529,000 after buying an additional 811 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Norwood Financial by 21.7% in the 4th quarter. Wells Fargo & Company MN now owns 5,203 shares of the financial services provider's stock worth $142,000 after buying an additional 928 shares during the last quarter. Barclays PLC raised its holdings in shares of Norwood Financial by 11.6% during the 4th quarter. Barclays PLC now owns 10,926 shares of the financial services provider's stock valued at $298,000 after buying an additional 1,139 shares in the last quarter. State Street Corp boosted its position in Norwood Financial by 2.5% during the third 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 period. Finally, Bank of America Corp DE grew its holdings in shares of Norwood Financial by 48.9% in the fourth quarter. Bank of America Corp DE now owns 9,086 shares of the financial services provider's stock worth $247,000 after purchasing an additional 2,985 shares during the last quarter. 28.08% of the stock is owned by institutional investors and hedge funds.

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.