Nuveen LLC Invests $319,000 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 acquired a new stake in Norwood Financial Corp. (NASDAQ:NWFL - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,214 shares of the financial services provider's stock, valued at approximately $319,000. Nuveen LLC owned about 0.14% of Norwood Financial at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in Norwood Financial by 21.7% during the 4th 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 period. Barclays PLC grew its position in Norwood Financial by 11.6% in the 4th 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 period. Charles Schwab Investment Management Inc. grew its position in Norwood Financial by 12.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 23,165 shares of the financial services provider's stock valued at $560,000 after purchasing an additional 2,628 shares during the period. Bank of America Corp DE grew its position in Norwood Financial by 48.9% in 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 during the period. Finally, Dimensional Fund Advisors LP boosted 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 worth $2,905,000 after acquiring an additional 3,017 shares during the last quarter. Institutional investors own 28.08% of the company's stock.

Norwood Financial Stock Down 0.8%

Norwood Financial stock traded down $0.22 during midday trading on Wednesday, reaching $26.42. The company's stock had a trading volume of 1,993 shares, compared to its average volume of 19,948. The company has a market cap of $244.71 million, a P/E ratio of 110.09 and a beta of 0.70. Norwood Financial Corp. has a fifty-two week low of $21.25 and a fifty-two week high of $34.50. The business has a 50-day simple moving average of $25.34 and a 200-day simple moving average of $25.10. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.38.

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

Norwood Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Shareholders 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 4.7%. Norwood Financial's payout ratio is currently 516.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NWFL shares. Wall Street Zen upgraded Norwood Financial from a "hold" rating to a "buy" rating in a research note on Sunday, August 10th. Stephens reaffirmed an "equal weight" rating and set a $26.50 price objective on shares of Norwood Financial in a research report on Tuesday, July 8th. Finally, Zacks Research cut Norwood Financial from a "strong-buy" rating to a "hold" rating in a research report on Monday. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $28.50.

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.