Nuveen LLC Makes New Investment in Norwood Financial Corp. $NWFL

Key Points

• Nuveen LLC acquired a new investment in Norwood Financial Corp., purchasing 13,214 shares valued at approximately $319,000, representing a 0.14% ownership stake.
• Norwood Financial recently announced a quarterly dividend of $0.31 per share, which translates to an annualized dividend yield of 4.6% and a payout ratio of 516.67%.
• Research analysts currently have a consensus rating of "Hold" for Norwood Financial, with a target price averaging $28.50 per share.

Nuveen LLC purchased a new position in shares of Norwood Financial Corp. (NASDAQ:NWFL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,214 shares of the financial services provider's stock, valued at approximately $319,000. Nuveen LLC owned 0.14% of Norwood Financial as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP purchased a new position in shares of Norwood Financial during the 4th quarter worth $16,814,000. The Manufacturers Life Insurance Company purchased a new position in shares of Norwood Financial during the 4th quarter worth $4,840,000. Dimensional Fund Advisors LP raised its holdings in shares of 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 worth $2,905,000 after acquiring an additional 3,017 shares during the period. Northern Trust Corp raised its holdings in shares of Norwood Financial by 7.6% during the 4th quarter. Northern Trust Corp now owns 66,149 shares of the financial services provider's stock worth $1,800,000 after acquiring an additional 4,652 shares during the period. Finally, Jacobs Asset Management LLC purchased a new position in shares of Norwood Financial during the 4th quarter worth $1,671,000. Hedge funds and other institutional investors own 28.08% of the company's stock.

Norwood Financial Trading Up 1.6%

NWFL traded up $0.42 on Thursday, hitting $26.83. The company had a trading volume of 14,564 shares, compared to its average volume of 23,598. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38. The firm has a market cap of $248.45 million, a P/E ratio of 111.80 and a beta of 0.71. The company's fifty day moving average price is $25.36 and its 200 day moving average price is $25.12. Norwood Financial Corp. has a 1 year low of $21.25 and a 1 year high of $34.50.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last issued its quarterly 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%. As a group, equities analysts expect that Norwood Financial Corp. will post 2.51 earnings per share for the current year.

Norwood Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th were paid 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%.

Analysts Set New Price Targets

Several analysts 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, 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. Finally, Zacks Research lowered shares of Norwood Financial from a "strong-buy" rating to a "hold" rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $28.50.

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.