Norwood Financial Corp. $NWFL Shares Bought by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its stake in Norwood Financial Corp. by 2.1%, acquiring a total of 630,867 shares worth approximately $15.25 million as of its latest SEC filing.
• Norwood Financial recently reported earnings of $0.67 per share, exceeding analysts' expectations, with revenue of $21.20 million for the quarter.
• The company declared a quarterly dividend of $0.31 per share, providing an annualized yield of 4.7%, despite a notably high dividend payout ratio of 516.67%.

Wellington Management Group LLP lifted its position in shares of Norwood Financial Corp. (NASDAQ:NWFL - Free Report) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 630,867 shares of the financial services provider's stock after buying an additional 12,815 shares during the period. Wellington Management Group LLP owned approximately 6.81% of Norwood Financial worth $15,248,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings 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. Dimensional Fund Advisors LP grew its holdings in Norwood Financial by 2.9% during the 4th 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 in the last quarter. Bank of America Corp DE grew its holdings in Norwood Financial by 48.9% during the 4th 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 in the last quarter. Deutsche Bank AG acquired a new stake in Norwood Financial during the 4th quarter valued at $232,000. Finally, Northern Trust Corp grew its holdings in Norwood Financial by 7.6% during the 4th quarter. Northern Trust Corp now owns 66,149 shares of the financial services provider's stock valued at $1,800,000 after purchasing an additional 4,652 shares in the last quarter. 28.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NWFL has been the subject of a number of recent analyst reports. Stephens reaffirmed an "equal weight" rating and set a $26.50 price target on shares of Norwood Financial in a report on Tuesday, July 8th. Wall Street Zen raised shares of Norwood Financial from a "hold" rating to a "buy" rating in a report on Sunday, August 10th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $28.50.

Norwood Financial Stock Performance

Norwood Financial stock traded up $0.09 during mid-day trading on Monday, reaching $27.06. The company's stock had a trading volume of 50,040 shares, compared to its average volume of 25,483. The firm has a market cap of $250.58 million, a price-to-earnings ratio of 112.75 and a beta of 0.70. The business has a 50 day moving average price of $25.21 and a 200-day moving average price of $25.05. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38. Norwood Financial Corp. has a twelve month low of $21.25 and a twelve month high of $34.50.

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

Norwood Financial Announces Dividend

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

Norwood Financial Company 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.