Raffles Associates LP purchased a new stake in Norwood Financial Corp. (NASDAQ:NWFL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 20,000 shares of the financial services provider's stock, valued at approximately $544,000. Raffles Associates LP owned about 0.25% of Norwood Financial as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of NWFL. Wellington Management Group LLP acquired a new position in shares of Norwood Financial in the fourth quarter valued at about $16,814,000. The Manufacturers Life Insurance Company bought a new stake in Norwood Financial in the 4th quarter valued at about $4,840,000. Geode Capital Management LLC grew its position in shares of Norwood Financial by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 166,450 shares of the financial services provider's stock worth $4,529,000 after purchasing an additional 811 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Norwood Financial by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 106,786 shares of the financial services provider's stock worth $2,905,000 after purchasing an additional 3,017 shares during the period. Finally, State Street Corp raised its position in shares of Norwood Financial by 2.5% in the third quarter. State Street Corp now owns 99,889 shares of the financial services provider's stock valued at $2,755,000 after buying an additional 2,402 shares in the last quarter. 28.08% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on NWFL. Stephens reissued an "equal weight" rating and set a $25.50 price target on shares of Norwood Financial in a research report on Monday, April 21st. StockNews.com upgraded Norwood Financial from a "sell" rating to a "hold" rating in a research report on Tuesday, April 29th. Finally, Piper Sandler began coverage on shares of Norwood Financial in a research report on Wednesday, January 8th. They set a "neutral" rating and a $28.00 price objective for the company.
View Our Latest Report on Norwood Financial
Insider Buying and Selling at Norwood Financial
In other news, Director Ronald R. Schmalzle bought 2,563 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was purchased at an average cost of $26.43 per share, for a total transaction of $67,740.09. Following the completion of the transaction, the director now owns 15,168 shares of the company's stock, valued at $400,890.24. This trade represents a 20.33 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders have purchased 3,648 shares of company stock worth $94,553 over the last quarter. Corporate insiders own 9.10% of the company's stock.
Norwood Financial Price Performance
NASDAQ NWFL traded up $0.99 on Friday, hitting $26.90. 25,341 shares of the company's stock were exchanged, compared to its average volume of 14,308. Norwood Financial Corp. has a 52 week low of $21.25 and a 52 week high of $34.50. The stock has a 50-day moving average of $24.25 and a 200-day moving average of $26.70. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. The stock has a market cap of $249.17 million, a price-to-earnings ratio of 2,690.00 and a beta of 0.69.
Norwood Financial (NASDAQ:NWFL - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04. The business had revenue of $20.20 million for 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%. Analysts expect that Norwood Financial Corp. will post 2.51 earnings per share for the current year.
Norwood Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Tuesday, April 15th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 4.61%. The ex-dividend date was Tuesday, April 15th. Norwood Financial's payout ratio is 1,377.78%.
About Norwood Financial
(
Free Report)
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.
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