Cetera Investment Advisers Sells 9,882 Shares of Norwood Financial Corp. (NASDAQ:NWFL)

Cetera Investment Advisers lowered its holdings in shares of Norwood Financial Corp. (NASDAQ:NWFL - Free Report) by 11.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 75,068 shares of the financial services provider's stock after selling 9,882 shares during the period. Cetera Investment Advisers owned about 0.93% of Norwood Financial worth $2,042,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Bank of America Corp DE raised its stake in shares of Norwood Financial by 48.9% during the fourth quarter. Bank of America Corp DE now owns 9,086 shares of the financial services provider's stock valued at $247,000 after acquiring an additional 2,985 shares during the last quarter. Raffles Associates LP bought a new position in shares of Norwood Financial during the fourth quarter valued at $544,000. Emerald Mutual Fund Advisers Trust bought a new position in shares of Norwood Financial during the fourth quarter valued at $1,292,000. Northern Trust Corp raised its stake in shares of Norwood Financial by 7.6% during the fourth quarter. Northern Trust Corp now owns 66,149 shares of the financial services provider's stock valued at $1,800,000 after acquiring an additional 4,652 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Norwood Financial during the fourth quarter worth $4,840,000. Institutional investors own 28.08% of the company's stock.

Analysts Set New Price Targets

NWFL has been the subject of several recent analyst reports. Stephens reiterated an "equal weight" rating and set a $25.50 price objective on shares of Norwood Financial in a research report on Monday, April 21st. Wall Street Zen upgraded shares of Norwood Financial from a "sell" rating to a "hold" rating in a research report on Saturday, May 10th.

Norwood Financial Stock Performance

NWFL stock traded down $0.19 during mid-day trading on Friday, hitting $25.43. The company had a trading volume of 7,911 shares, compared to its average volume of 14,710. The firm has a market cap of $235.48 million, a PE ratio of 2,543.00 and a beta of 0.69. 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 Corp. has a 12 month low of $21.25 and a 12 month high of $34.50. The stock's fifty day moving average price is $24.49 and its two-hundred day moving average price is $26.39.

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

Norwood Financial Announces Dividend

The company 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. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $1.24 annualized dividend and a yield of 4.88%. Norwood Financial's dividend payout ratio is currently 1,377.78%.

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.