Wellington Management Group LLP Invests $16.81 Million in Norwood Financial Corp. (NASDAQ:NWFL)

Wellington Management Group LLP purchased a new position in shares of Norwood Financial Corp. (NASDAQ:NWFL - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 618,052 shares of the financial services provider's stock, valued at approximately $16,814,000. Wellington Management Group LLP owned approximately 6.67% of Norwood Financial as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in Norwood Financial during the 4th quarter worth about $1,394,000. Emerald Advisers LLC purchased a new position in Norwood Financial during the 4th quarter worth approximately $122,000. JPMorgan Chase & Co. lifted its position in Norwood Financial by 89.0% during the 4th quarter. JPMorgan Chase & Co. now owns 26,314 shares of the financial services provider's stock worth $716,000 after acquiring an additional 12,392 shares during the period. Alliancebernstein L.P. acquired a new stake in Norwood Financial during the 4th quarter worth approximately $2,092,000. Finally, Geode Capital Management LLC lifted its position in Norwood Financial by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 166,450 shares of the financial services provider's stock worth $4,529,000 after acquiring an additional 811 shares during the period. 28.08% of the stock is currently owned by hedge funds and other institutional investors.

Norwood Financial Stock Performance

Shares of Norwood Financial stock traded up $0.11 on Thursday, reaching $25.52. 1,512 shares of the company were exchanged, compared to its average volume of 18,860. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.91. The company's 50-day moving average is $24.69 and its two-hundred day moving average is $26.15. The firm has a market cap of $236.27 million, a price-to-earnings ratio of 2,551.50 and a beta of 0.69. 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 Thursday, April 17th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.04. Norwood Financial had a positive return on equity of 8.38% and a negative net margin of 0.16%. The firm had revenue of $20.20 million during the quarter, compared to analyst estimates of $20.60 million. As a group, research analysts expect that Norwood Financial Corp. will post 2.51 earnings per share for the current fiscal year.

Norwood Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th were issued a $0.31 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.86%. Norwood Financial's payout ratio is currently 1,377.78%.

Analysts Set New Price Targets

NWFL has been the subject of several recent analyst reports. Wall Street Zen raised Norwood Financial from a "sell" rating to a "hold" rating in a report on Saturday, May 10th. Stephens reissued an "equal weight" rating and issued a $25.50 price target on shares of Norwood Financial in a report on Monday, April 21st.

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.