Emerald Mutual Fund Advisers Trust Purchases Shares of 47,500 Norwood Financial Corp. (NASDAQ:NWFL)

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

Other hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp grew its stake in Norwood Financial by 7.6% during the fourth quarter. Northern Trust Corp now owns 66,149 shares of the financial services provider's stock worth $1,800,000 after purchasing an additional 4,652 shares during the period. The Manufacturers Life Insurance Company bought a new position in shares of Norwood Financial during the 4th quarter worth approximately $4,840,000. Dimensional Fund Advisors LP grew its position in shares of Norwood Financial by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 106,786 shares of the financial services provider's stock worth $2,905,000 after buying an additional 3,017 shares during the period. Barclays PLC increased its stake in shares of Norwood Financial by 11.6% in the 4th quarter. Barclays PLC now owns 10,926 shares of the financial services provider's stock valued at $298,000 after acquiring an additional 1,139 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Norwood Financial during the 4th quarter valued at $1,394,000. Institutional investors own 28.08% of the company's stock.

Norwood Financial Stock Down 1.4 %

NASDAQ NWFL traded down $0.39 during trading hours on Monday, hitting $26.51. The company's stock had a trading volume of 20,332 shares, compared to its average volume of 14,336. 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 company has a market capitalization of $245.56 million, a PE ratio of 2,651.00 and a beta of 0.69. The company's 50-day simple moving average is $24.25 and its two-hundred day simple moving average is $26.69. Norwood Financial Corp. has a 52 week low of $21.25 and a 52 week high of $34.50.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last announced its quarterly earnings data 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. Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%. The business had revenue of $20.20 million for the quarter, compared to analyst estimates of $20.60 million. Research analysts anticipate that Norwood Financial Corp. will post 2.51 EPS for the current fiscal year.

Norwood Financial Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $1.24 dividend on an annualized basis and a yield of 4.68%. Norwood Financial's dividend payout ratio is presently 1,377.78%.

Insider Transactions at Norwood Financial

In other news, Director Ronald R. Schmalzle purchased 2,563 shares of the business's 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 acquisition, the director now directly owns 15,168 shares in the company, valued at approximately $400,890.24. This trade represents a 20.33 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired 3,648 shares of company stock worth $94,553 over the last quarter. Corporate insiders own 9.10% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.