Wellington Management Group LLP Takes Position in Norwood Financial Corp. (NASDAQ:NWFL)

Wellington Management Group LLP bought a new stake in Norwood Financial Corp. (NASDAQ:NWFL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 618,052 shares of the financial services provider's stock, valued at approximately $16,814,000. Wellington Management Group LLP owned about 6.67% of Norwood Financial as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NWFL. The Manufacturers Life Insurance Company bought a new position in shares of Norwood Financial during the fourth quarter valued at about $4,840,000. Alliancebernstein L.P. bought a new position in shares of Norwood Financial during the fourth quarter valued at about $2,092,000. Jacobs Asset Management LLC bought a new position in shares of Norwood Financial during the fourth quarter valued at about $1,671,000. Raymond James Financial Inc. bought a new position in shares of Norwood Financial during the fourth quarter valued at about $1,394,000. Finally, Emerald Mutual Fund Advisers Trust bought a new position in shares of Norwood Financial during the fourth quarter valued at about $1,292,000. Institutional investors own 28.08% of the company's stock.

Analyst Upgrades and Downgrades

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

Norwood Financial Stock Up 0.1%

NWFL traded up $0.02 on Thursday, hitting $25.43. The company had a trading volume of 6,376 shares, compared to its average volume of 14,906. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91. Norwood Financial Corp. has a 52-week low of $21.25 and a 52-week high of $34.50. The stock has a fifty day simple moving average of $24.72 and a 200-day simple moving average of $26.12. The firm has a market capitalization of $235.48 million, a P/E ratio of 2,543.00 and a beta of 0.69.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.59 by $0.04. Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%. The business had revenue of $20.20 million during the quarter, compared to analyst estimates of $20.60 million. As a group, equities analysts expect that Norwood Financial Corp. will post 2.51 EPS for the current fiscal year.

Norwood Financial Announces Dividend

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 dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $1.24 annualized dividend and a dividend yield of 4.88%. Norwood Financial's payout ratio is 1,377.78%.

About Norwood Financial

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.