James Shook Buys 375 Shares of Norwood Financial (NASDAQ:NWFL) Stock

Key Points

• Director James Shook purchased 375 shares on April 30 at an average price of $29.06 (total $10,897.50), raising his direct stake to 9,353 shares — a 4.18% increase in ownership.
• Norwood Financial missed quarterly expectations, reporting $0.72 EPS vs. $0.81 expected and revenue slightly below estimates; the stock recently traded near $31.01, with a P/E of 11.44 and a market cap of about $337.7M.
• The firm declared a $0.32 quarterly dividend (annualized $1.28, ~4.1% yield, 47.23% payout ratio), while analysts hold a consensus rating of Hold with an average target of $33 and mixed upgrades.

Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) Director James Shook purchased 375 shares of the business's stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average cost of $29.06 per share, with a total value of $10,897.50. Following the completion of the acquisition, the director directly owned 9,353 shares of the company's stock, valued at $271,798.18. The trade was a 4.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Norwood Financial Price Performance

Shares of Norwood Financial stock traded up $1.74 during trading on Friday, reaching $31.01. The company's stock had a trading volume of 24,679 shares, compared to its average volume of 29,568. The stock has a 50-day moving average price of $29.75 and a two-hundred day moving average price of $28.82. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.25. Norwood Financial Corp. has a one year low of $23.70 and a one year high of $32.23. The stock has a market capitalization of $337.70 million, a P/E ratio of 11.44 and a beta of 0.58.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last released its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.81 by ($0.09). The business had revenue of $27.27 million during the quarter, compared to the consensus estimate of $27.50 million. Norwood Financial had a net margin of 17.75% and a return on equity of 13.09%. As a group, sell-side analysts anticipate that Norwood Financial Corp. will post 3.5 EPS for the current fiscal year.

Norwood Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $1.28 dividend on an annualized basis and a yield of 4.1%. Norwood Financial's dividend payout ratio (DPR) is presently 47.23%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NWFL shares. Wall Street Zen raised shares of Norwood Financial from a "hold" rating to a "buy" rating in a research note on Saturday, January 31st. Weiss Ratings raised Norwood Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday. Finally, Stephens set a $33.00 price target on Norwood Financial and gave the company an "equal weight" rating in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Norwood Financial has a consensus rating of "Hold" and an average target price of $33.00.

Institutional Trading of Norwood Financial

Large investors have recently bought and sold shares of the business. Cornerstone Wealth Group LLC bought a new stake in Norwood Financial during the 3rd quarter worth approximately $4,679,000. CANADA LIFE ASSURANCE Co increased its stake in Norwood Financial by 75.3% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 880 shares of the financial services provider's stock worth $25,000 after purchasing an additional 378 shares in the last quarter. Larson Financial Group LLC bought a new stake in Norwood Financial during the 4th quarter worth approximately $114,000. BNP Paribas Financial Markets increased its stake in Norwood Financial by 144.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,100 shares of the financial services provider's stock worth $53,000 after purchasing an additional 1,241 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Norwood Financial by 68.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,138 shares of the financial services provider's stock worth $54,000 after purchasing an additional 872 shares in the last quarter. 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. It also provides commercial loans comprising lines of credit, revolving credit, term loans, mortgages, secured lending products, and letter of credit facilities; municipal finance lending; construction loans for commercial construction projects and single-family residences; land loans; construction financing; consumer loans; mortgage lending to finance principal residences and second home dwellings; and indirect dealer financing of new and used automobiles, boats, and recreational vehicles.

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