Insider Buying: Norwood Financial Corp. (NASDAQ:NWFL) Director Acquires 600 Shares of Stock

Key Points

• Director Ronald R. Schmalzle purchased 600 shares of Norwood Financial Corp. stock at an average price of $24.35 per share, increasing his ownership to 8,715 shares.
• The company reported earnings of $0.67 per share for the last quarter, surpassing analysts' expectations and accumulating a revenue of $21.20 million.
• Norwood Financial's quarterly dividend was set at $0.31 per share, yielding 5.2% annually, with a high dividend payout ratio of 516.67%.

Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) Director Ronald R. Schmalzle purchased 600 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was acquired at an average price of $24.35 per share, for a total transaction of $14,610.00. Following the purchase, the director owned 8,715 shares of the company's stock, valued at approximately $212,210.25. This represents a 7.39% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Norwood Financial Price Performance

Shares of NWFL stock traded down $0.15 during trading hours on Thursday, hitting $23.95. The company had a trading volume of 4,629 shares, compared to its average volume of 19,394. 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 firm has a market capitalization of $221.78 million, a price-to-earnings ratio of 99.80 and a beta of 0.69. Norwood Financial Corp. has a 12 month low of $21.25 and a 12 month high of $34.50. The firm's fifty day moving average is $25.28 and its 200 day moving average is $25.15.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. The business had revenue of $21.20 million for 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%. On average, sell-side analysts predict that Norwood Financial Corp. will post 2.51 EPS for the current fiscal year.

Norwood Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.24 annualized dividend and a dividend yield of 5.2%. Norwood Financial's payout ratio is 516.67%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Stephens reaffirmed an "equal weight" rating and issued a $26.50 price objective on shares of Norwood Financial in a report on Tuesday, July 8th. Wall Street Zen lowered shares of Norwood Financial from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd.

Institutional Investors Weigh In On Norwood Financial

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP bought a new position in shares of Norwood Financial during the fourth quarter worth approximately $16,814,000. The Manufacturers Life Insurance Company acquired a new stake in Norwood Financial during the fourth quarter worth about $4,840,000. Alliancebernstein L.P. acquired a new position in shares of Norwood Financial in the 4th quarter valued at approximately $2,092,000. Jacobs Asset Management LLC acquired a new position in shares of Norwood Financial in the 4th quarter valued at approximately $1,671,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Norwood Financial during the 4th quarter worth approximately $1,394,000. Institutional investors own 28.08% of the company's stock.

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.