Cetera Investment Advisers Sells 13,929 Shares of Norwood Financial Corp. (NASDAQ:NWFL)

Key Points

• Cetera Investment Advisers reduced its stake in Norwood Financial Corp. by 18.6%, owning 61,139 shares valued at approximately $1.48 million after selling 13,929 shares.
• Norwood Financial reported $0.67 EPS for the latest quarter, beating analyst expectations, with revenues of $21.20 million.
• The company declared a quarterly dividend of $0.31 per share, reflecting a 5.1% yield and an unusually high payout ratio of 516.67%.

Cetera Investment Advisers cut its stake in Norwood Financial Corp. (NASDAQ:NWFL - Free Report) by 18.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,139 shares of the financial services provider's stock after selling 13,929 shares during the period. Cetera Investment Advisers owned 0.66% of Norwood Financial worth $1,478,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP acquired a new stake in Norwood Financial during the 4th quarter worth about $16,814,000. The Manufacturers Life Insurance Company acquired a new stake in Norwood Financial during the 4th quarter worth about $4,840,000. Geode Capital Management LLC lifted its position in shares of Norwood Financial by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 166,450 shares of the financial services provider's stock worth $4,529,000 after purchasing an additional 811 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Norwood Financial by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 106,786 shares of the financial services provider's stock worth $2,905,000 after acquiring an additional 3,017 shares during the last quarter. Finally, Alliancebernstein L.P. acquired a new stake in Norwood Financial in the fourth quarter valued at approximately $2,092,000. Institutional investors and hedge funds own 28.08% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on NWFL shares. Wall Street Zen raised shares of Norwood Financial from a "hold" rating to a "buy" rating in a report on Sunday. Stephens reaffirmed an "equal weight" rating and issued a $26.50 price target on shares of Norwood Financial in a research report on Tuesday, July 8th.

Norwood Financial Stock Down 2.0%

NASDAQ:NWFL traded down $0.50 during trading hours on Thursday, reaching $24.78. 4,832 shares of the stock were exchanged, compared to its average volume of 19,292. Norwood Financial Corp. has a twelve month low of $21.25 and a twelve month high of $34.50. The firm has a 50 day moving average of $25.15 and a 200 day moving average of $25.09. The stock has a market cap of $229.42 million, a PE ratio of 103.23 and a beta of 0.69. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.90 and a quick ratio of 0.91.

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

Norwood Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Tuesday, July 15th. Norwood Financial's dividend payout ratio is 516.67%.

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.