JPMorgan Chase & Co. Purchases 12,392 Shares of Norwood Financial Corp. (NASDAQ:NWFL)

JPMorgan Chase & Co. increased its stake in Norwood Financial Corp. (NASDAQ:NWFL - Free Report) by 89.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,314 shares of the financial services provider's stock after purchasing an additional 12,392 shares during the period. JPMorgan Chase & Co. owned approximately 0.33% of Norwood Financial worth $716,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NWFL. Barclays PLC boosted its stake in shares of Norwood Financial by 280.5% during the third quarter. Barclays PLC now owns 9,787 shares of the financial services provider's stock valued at $270,000 after purchasing an additional 7,215 shares during the period. State Street Corp increased its position in Norwood Financial by 2.5% during the 3rd quarter. State Street Corp now owns 99,889 shares of the financial services provider's stock valued at $2,755,000 after purchasing an additional 2,402 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Norwood Financial in the 4th quarter worth about $1,394,000. Finally, Emerald Advisers LLC purchased a new position in shares of Norwood Financial during the fourth quarter valued at about $122,000. 28.08% of the stock is owned by institutional investors.

Norwood Financial Stock Performance

Shares of NWFL stock traded up $0.24 during trading hours on Monday, reaching $27.14. The company had a trading volume of 8,105 shares, compared to its average volume of 19,606. Norwood Financial Corp. has a one year low of $21.25 and a one year high of $34.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.91. The business has a fifty day moving average price of $24.25 and a 200-day moving average price of $26.69. The firm has a market cap of $251.40 million, a PE ratio of 2,709.40 and a beta of 0.69.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.59 by $0.04. The company had revenue of $20.20 million during the quarter, compared to analyst estimates of $20.60 million. Norwood Financial had a positive return on equity of 8.38% and a negative net margin of 0.16%. Sell-side analysts predict that Norwood Financial Corp. will post 2.51 earnings per share for the current fiscal year.

Norwood Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Tuesday, April 15th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend was Tuesday, April 15th. Norwood Financial's payout ratio is 1,377.78%.

Insider Activity at Norwood Financial

In other Norwood Financial news, Director Ronald R. Schmalzle acquired 2,563 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was purchased at an average price of $26.43 per share, with a total value of $67,740.09. Following the transaction, the director now directly owns 15,168 shares in the company, valued at approximately $400,890.24. The trade was a 20.33 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders acquired 3,648 shares of company stock worth $94,553. 9.10% of the stock is owned by company insiders.

Analyst Ratings Changes

NWFL has been the subject of several recent research reports. Piper Sandler initiated coverage on shares of Norwood Financial in a report on Wednesday, January 8th. They set a "neutral" rating and a $28.00 target price for the company. Stephens reaffirmed an "equal weight" rating and issued a $25.50 price target on shares of Norwood Financial in a research report on Monday, April 21st. Finally, StockNews.com upgraded shares of Norwood Financial from a "sell" rating to a "hold" rating in a research note on Tuesday, April 29th.

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.