Cetera Investment Advisers Decreases Holdings in 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 trimmed its stake in shares of Norwood Financial Corp. (NASDAQ:NWFL - Free Report) by 18.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in Norwood Financial by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 166,450 shares of the financial services provider's stock valued at $4,529,000 after purchasing an additional 811 shares during the last quarter. Wells Fargo & Company MN lifted its position in Norwood Financial by 21.7% during the fourth quarter. Wells Fargo & Company MN now owns 5,203 shares of the financial services provider's stock valued at $142,000 after purchasing an additional 928 shares during the last quarter. Barclays PLC lifted its position in Norwood Financial by 11.6% during the fourth quarter. Barclays PLC now owns 10,926 shares of the financial services provider's stock valued at $298,000 after purchasing an additional 1,139 shares during the last quarter. Bank of America Corp DE lifted its position in 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 purchasing an additional 2,985 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Norwood Financial by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 106,786 shares of the financial services provider's stock valued at $2,905,000 after purchasing an additional 3,017 shares during the last quarter. 28.08% of the stock is owned by hedge funds and other institutional investors.

Norwood Financial Trading Up 0.2%

Norwood Financial stock traded up $0.04 during trading hours on Wednesday, hitting $25.27. The company had a trading volume of 15,788 shares, compared to its average volume of 19,360. The company has a 50-day moving average price of $25.15 and a two-hundred day moving average price of $25.09. Norwood Financial Corp. has a 1 year low of $21.25 and a 1 year high of $34.50. The firm has a market cap of $234.05 million, a P/E ratio of 105.30 and a beta of 0.69. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.91 and a current ratio of 0.90.

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

Norwood Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 15th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.24 dividend on an annualized basis and a yield of 4.9%. Norwood Financial's dividend payout ratio is presently 516.67%.

Analyst Upgrades and Downgrades

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

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.