Insider Buying: Norwood Financial Corp. (NASDAQ:NWFL) CFO Buys 500 Shares of Stock

Key Points

• CFO John Martin Mccaffery, Jr. of Norwood Financial Corp. purchased 500 shares on August 1st at an average price of $24.10, increasing his holdings by 20% to a total of 3,000 shares valued at approximately $72,300.
• The company recently announced a quarterly dividend of $0.31 per share, resulting in a 5.2% dividend yield despite a high payout ratio of 516.67%.
• Norwood Financial's stock has seen a price decrease of 1.7%, with its recent trading price at $23.83 and a market cap of $220.62 million.

Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) CFO John Martin Mccaffery, Jr. purchased 500 shares of the business's stock in a transaction on Friday, August 1st. The shares were purchased at an average price of $24.10 per share, with a total value of $12,050.00. Following the completion of the purchase, the chief financial officer owned 3,000 shares in the company, valued at approximately $72,300. This trade represents a 20.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Norwood Financial Price Performance

Shares of Norwood Financial stock traded up $0.27 on Tuesday, hitting $24.29. 22,651 shares of the company traded hands, compared to its average volume of 19,548. Norwood Financial Corp. has a 52 week low of $21.25 and a 52 week high of $34.50. The business has a 50-day simple moving average of $25.36 and a 200 day simple moving average of $25.16. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $224.93 million, a P/E ratio of 101.21 and a beta of 0.69.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.03. Norwood Financial had a return on equity of 9.02% and a net margin of 2.92%. The company had revenue of $21.20 million during the quarter, compared to analyst estimates of $21.16 million. Research analysts expect that Norwood Financial Corp. will post 2.51 earnings per share for the current fiscal year.

Norwood Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th were paid a $0.31 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.24 annualized dividend and a yield of 5.1%. Norwood Financial's dividend payout ratio (DPR) is presently 516.67%.

Institutional Trading of Norwood Financial

Institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in Norwood Financial by 2.1% in the 1st quarter. Wellington Management Group LLP now owns 630,867 shares of the financial services provider's stock valued at $15,248,000 after acquiring an additional 12,815 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Norwood Financial during the fourth quarter valued at approximately $4,840,000. Geode Capital Management LLC raised its stake in shares of Norwood Financial by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 166,450 shares of the financial services provider's stock valued at $4,529,000 after acquiring an additional 811 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Norwood Financial by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 106,786 shares of the financial services provider's stock worth $2,905,000 after purchasing an additional 3,017 shares in the last quarter. Finally, Alliancebernstein L.P. bought a new stake in Norwood Financial during the 4th quarter valued at $2,092,000. Institutional investors own 28.08% of the company's stock.

Wall Street Analysts Forecast Growth

NWFL has been the subject of a number of analyst reports. Wall Street Zen cut Norwood Financial from a "buy" rating to a "hold" rating in a research report on Saturday. Stephens reiterated an "equal weight" rating and set a $26.50 price objective on shares of Norwood Financial in a research note on Tuesday, July 8th.

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.