Norwood Financial Corp. $NWFL Shares Sold by EJF Capital LLC

Key Points

• EJF Capital LLC reduced its holdings in Norwood Financial Corp. by 32.3%, selling 25,198 shares and owning approximately 0.57% of the company post-sale.
• Norwood Financial announced a quarterly dividend of $0.31 per share, representing an annualized yield of 4.7%, though its payout ratio is notably high at 516.67%.
• Analyst consensus rates Norwood Financial as a "Hold" with an average price target of $28.50, following recent upgrades from various analysts.

EJF Capital LLC trimmed its position in Norwood Financial Corp. (NASDAQ:NWFL - Free Report) by 32.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,877 shares of the financial services provider's stock after selling 25,198 shares during the quarter. EJF Capital LLC owned about 0.57% of Norwood Financial worth $1,278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of NWFL. Wellington Management Group LLP acquired a new position in Norwood Financial in the 4th quarter valued at about $16,814,000. The Manufacturers Life Insurance Company acquired a new position in Norwood Financial in the 4th quarter valued at about $4,840,000. Jacobs Asset Management LLC acquired a new position in Norwood Financial in the 4th quarter valued at about $1,671,000. Nuveen LLC acquired a new position in Norwood Financial in the 1st quarter valued at about $319,000. Finally, Deutsche Bank AG acquired a new position in Norwood Financial in the 4th quarter valued at about $232,000. 28.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Norwood Financial from a "hold" rating to a "buy" rating in a report on Sunday, August 10th. Stephens restated an "equal weight" rating and issued a $26.50 price objective on shares of Norwood Financial in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Norwood Financial currently has a consensus rating of "Hold" and an average target price of $28.50.

Norwood Financial Stock Down 0.3%

Norwood Financial stock traded down $0.08 during mid-day trading on Monday, reaching $26.72. 17,515 shares of the company's stock were exchanged, compared to its average volume of 20,107. The company has a market cap of $247.43 million, a P/E ratio of 111.34 and a beta of 0.70. Norwood Financial Corp. has a twelve month low of $21.25 and a twelve month high of $34.50. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.38. The company has a fifty day moving average of $25.31 and a 200-day moving average of $25.08.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.03. The company had revenue of $21.20 million for the quarter, compared to analyst estimates of $21.16 million. Norwood Financial had a net margin of 2.92% and a return on equity of 8.86%. Sell-side analysts expect that Norwood Financial Corp. will post 2.51 EPS for the current year.

Norwood Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th were issued a dividend of $0.31 per share. The ex-dividend date was Tuesday, July 15th. This represents a $1.24 dividend on an annualized basis and a yield of 4.6%. Norwood Financial's dividend payout ratio is 516.67%.

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.