Emerald Mutual Fund Advisers Trust Invests $1.29 Million in Norwood Financial Corp. (NASDAQ:NWFL)

Emerald Mutual Fund Advisers Trust bought a new position in shares of Norwood Financial Corp. (NASDAQ:NWFL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 47,500 shares of the financial services provider's stock, valued at approximately $1,292,000. Emerald Mutual Fund Advisers Trust owned about 0.59% of Norwood Financial at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of Norwood Financial by 250.5% during the 3rd 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. Barclays PLC lifted its stake in 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 in the last quarter. State Street Corp boosted its holdings in shares of Norwood Financial by 2.5% in 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. Alliancebernstein L.P. bought a new stake in shares of Norwood Financial during the fourth quarter worth $2,092,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Norwood Financial during the fourth quarter worth $1,394,000. 28.08% of the stock is owned by institutional investors.

Norwood Financial Stock Up 3.8 %

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

Norwood Financial (NASDAQ:NWFL - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.04. The firm 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, research analysts anticipate that Norwood Financial Corp. will post 2.51 earnings per share for the current fiscal year.

Norwood Financial Announces Dividend

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

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, Director Ronald R. Schmalzle acquired 2,563 shares of Norwood Financial stock in a transaction on Tuesday, February 4th. The stock was purchased at an average cost of $26.43 per share, with a total value of $67,740.09. Following the completion of the transaction, the director now directly owns 15,168 shares in the company, valued at $400,890.24. This trade represents a 20.33 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired a total of 3,648 shares of company stock valued at $94,553 over the last three months. Insiders own 9.10% of the company's stock.

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.