Insider Buying: Norwood Financial Corp. (NASDAQ:NWFL) CFO Purchases 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. bought 500 shares of Norwood Financial stock in a transaction dated Friday, August 1st. The shares were acquired at an average cost of $24.10 per share, for a total transaction of $12,050.00. Following the completion of the purchase, the chief financial officer directly owned 3,000 shares of the company's stock, valued at approximately $72,300. This trade represents a 20.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Norwood Financial Trading Down 1.7%

Shares of NASDAQ:NWFL traded down $0.42 during trading on Friday, hitting $23.83. The company had a trading volume of 9,436 shares, compared to its average volume of 19,322. The stock has a market cap of $220.62 million, a price-to-earnings ratio of 99.92 and a beta of 0.68. Norwood Financial Corp. has a one year low of $21.25 and a one year high of $34.50. The company has a fifty day simple moving average of $25.41 and a two-hundred day simple moving average of $25.21. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.91 and a quick ratio of 0.91.

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

Norwood Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Tuesday, July 15th. Norwood Financial's dividend payout ratio (DPR) is presently 516.67%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on NWFL shares. Wall Street Zen raised Norwood Financial from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Stephens restated an "equal weight" rating and issued a $26.50 price target on shares of Norwood Financial in a research report on Tuesday, July 8th.

Institutional Investors Weigh In On Norwood Financial

Institutional investors have recently modified their holdings of the stock. Corebridge Financial Inc. lifted its stake in shares of Norwood Financial by 13.0% in the 1st quarter. Corebridge Financial Inc. now owns 4,079 shares of the financial services provider's stock valued at $99,000 after purchasing an additional 468 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Norwood Financial by 18.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,909 shares of the financial services provider's stock worth $119,000 after buying an additional 765 shares during the period. GAMMA Investing LLC raised its holdings in shares of Norwood Financial by 42,200.0% in the first quarter. GAMMA Investing LLC now owns 5,076 shares of the financial services provider's stock worth $123,000 after buying an additional 5,064 shares during the period. Mascagni Wealth Management Inc. purchased a new position in Norwood Financial during the 4th quarter worth $137,000. Finally, Wells Fargo & Company MN increased its holdings 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 worth $142,000 after purchasing an additional 928 shares during the period. 28.08% of the stock is owned by institutional investors.

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.

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