Norwood Financial (NASDAQ:NWFL) Director Joseph Carroll Acquires 572 Shares

Key Points

• Director Joseph Carroll purchased 572 shares on May 5 at an average price of $29.45, spending $16,845.40 and increasing his stake to 1,100 shares (a 108.33% rise).
• Norwood missed quarterly EPS expectations, reporting $0.72 vs. a $0.81 consensus; the stock trades around $30.21 with a market cap of $328.9M and a P/E of 11.15.
• The firm pays a quarterly dividend of $0.32 ($1.28 annualized), implying a 4.2% yield and a dividend payout ratio near 47%.

Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) Director Joseph Carroll purchased 572 shares of Norwood Financial stock in a transaction that occurred on Tuesday, May 5th. The stock was purchased at an average cost of $29.45 per share, for a total transaction of $16,845.40. Following the completion of the purchase, the director owned 1,100 shares of the company's stock, valued at $32,395. This trade represents a 108.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Norwood Financial Stock Up 1.1%

NWFL stock traded up $0.34 during trading on Wednesday, hitting $30.21. 14,165 shares of the stock traded hands, compared to its average volume of 29,498. Norwood Financial Corp. has a 1 year low of $23.70 and a 1 year high of $32.23. The firm's 50 day moving average is $29.73 and its two-hundred day moving average is $28.91. The stock has a market cap of $328.93 million, a price-to-earnings ratio of 11.15 and a beta of 0.56. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.90 and a quick ratio of 0.90.

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

Norwood Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Wednesday, April 15th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $1.28 annualized dividend and a dividend yield of 4.2%. Norwood Financial's dividend payout ratio (DPR) is 47.23%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in Norwood Financial by 40.1% in the fourth quarter. Wellington Management Group LLP now owns 888,812 shares of the financial services provider's stock valued at $24,931,000 after acquiring an additional 254,259 shares during the period. Geode Capital Management LLC raised its stake in shares of Norwood Financial by 3.2% in the second quarter. Geode Capital Management LLC now owns 201,858 shares of the financial services provider's stock worth $5,205,000 after buying an additional 6,238 shares during the period. Cornerstone Wealth Group LLC bought a new position in shares of Norwood Financial in the third quarter worth about $4,679,000. Dimensional Fund Advisors LP raised its stake in shares of Norwood Financial by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 134,660 shares of the financial services provider's stock worth $3,777,000 after buying an additional 1,351 shares during the period. Finally, State Street Corp raised its stake in shares of Norwood Financial by 9.3% in the fourth quarter. State Street Corp now owns 133,907 shares of the financial services provider's stock worth $3,756,000 after buying an additional 11,402 shares during the period. Institutional investors own 28.08% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NWFL shares. Weiss Ratings raised Norwood Financial from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, April 29th. Wall Street Zen raised Norwood Financial from a "hold" rating to a "buy" rating in a research report on Saturday, January 31st. Finally, Stephens set a $33.00 price objective on Norwood Financial and gave the company an "equal weight" rating in a research report 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. Based on data from MarketBeat, Norwood Financial has an average rating of "Hold" and a consensus target price of $33.00.

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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