Code Waechter LLC Has $342,000 Stock Holdings in Norwood Financial Corp. (NASDAQ:NWFL)

Code Waechter LLC lowered its holdings in Norwood Financial Corp. (NASDAQ:NWFL - Free Report) by 49.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,159 shares of the financial services provider's stock after selling 13,705 shares during the period. Code Waechter LLC owned about 0.15% of Norwood Financial worth $342,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Emerald Advisers LLC acquired a new stake in shares of Norwood Financial during the 4th quarter worth about $122,000. GAMMA Investing LLC lifted its stake in shares of Norwood Financial by 42,200.0% during the 1st quarter. GAMMA Investing LLC now owns 5,076 shares of the financial services provider's stock worth $123,000 after buying an additional 5,064 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new stake in shares of Norwood Financial during the 4th quarter worth about $137,000. Wells Fargo & Company MN lifted its stake in shares of Norwood Financial by 21.7% during 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. Finally, Deutsche Bank AG acquired a new stake in shares of Norwood Financial during the 4th quarter worth about $232,000. Institutional investors own 28.08% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Norwood Financial from a "sell" rating to a "hold" rating in a research note on Saturday, May 10th. Stephens restated an "equal weight" rating and set a $26.50 target price on shares of Norwood Financial in a research note on Tuesday, July 8th.

Norwood Financial Stock Performance

NASDAQ NWFL traded down $0.23 during trading on Friday, reaching $25.23. The company's stock had a trading volume of 15,405 shares, compared to its average volume of 15,697. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $233.63 million, a price-to-earnings ratio of 280.33 and a beta of 0.68. Norwood Financial Corp. has a 12 month low of $21.25 and a 12 month high of $34.50. The firm has a 50 day moving average price of $25.83 and a 200 day moving average price of $25.37.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 1.12% and a return on equity of 8.35%. As a group, equities analysts anticipate that Norwood Financial Corp. will post 2.51 EPS for the current fiscal year.

Norwood Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 4.91%. The ex-dividend date is Tuesday, July 15th. Norwood Financial's payout ratio is presently 1,377.78%.

Norwood Financial 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.