Ronald R. Schmalzle Acquires 600 Shares of Norwood Financial Corp. (NASDAQ:NWFL) 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 bought 600 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were bought at an average price of $24.35 per share, for a total transaction of $14,610.00. Following the completion of the transaction, the director directly owned 8,715 shares of the company's stock, valued at $212,210.25. This represents a 7.39% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Norwood Financial Price Performance

Shares of NWFL stock traded up $0.25 during trading hours on Friday, hitting $24.18. The stock had a trading volume of 10,718 shares, compared to its average volume of 19,356. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $223.91 million, a price-to-earnings ratio of 100.75 and a beta of 0.69. Norwood Financial Corp. has a one year low of $21.25 and a one year high of $34.50. The stock's 50-day moving average price is $25.20 and its two-hundred day moving average price is $25.11.

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

Norwood Financial Announces Dividend

The business also recently disclosed 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 was Tuesday, July 15th. This represents a $1.24 dividend on an annualized basis and a yield of 5.1%. Norwood Financial's dividend payout ratio is 516.67%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Stephens reissued an "equal weight" rating and issued a $26.50 price target on shares of Norwood Financial in a report on Tuesday, July 8th. Wall Street Zen downgraded shares of Norwood Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd.

Institutional Investors Weigh In On Norwood Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Corebridge Financial Inc. raised its holdings in Norwood Financial by 13.0% during the 1st quarter. Corebridge Financial Inc. now owns 4,079 shares of the financial services provider's stock valued at $99,000 after buying an additional 468 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Norwood Financial by 18.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,909 shares of the financial services provider's stock worth $119,000 after acquiring an additional 765 shares during the last quarter. Mascagni Wealth Management Inc. purchased a new position in shares of Norwood Financial during the 4th quarter worth about $137,000. GAMMA Investing LLC grew its holdings in Norwood Financial by 42,200.0% during the 1st quarter. GAMMA Investing LLC now owns 5,076 shares of the financial services provider's stock valued at $123,000 after purchasing an additional 5,064 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in Norwood Financial by 21.7% in 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 currently owned by hedge funds and other 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.