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.
Read Our Latest Report on NWFL
Norwood Financial Company Profile
(
Free Report)
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.
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