Raffles Associates LP Makes New $544,000 Investment in Norwood Financial Corp. (NASDAQ:NWFL)

Raffles Associates LP bought a new position in Norwood Financial Corp. (NASDAQ:NWFL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 20,000 shares of the financial services provider's stock, valued at approximately $544,000. Raffles Associates LP owned 0.25% of Norwood Financial at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NWFL. JPMorgan Chase & Co. increased its holdings in Norwood Financial by 250.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider's stock valued at $384,000 after purchasing an additional 9,950 shares in the last quarter. Barclays PLC increased its holdings in Norwood Financial by 280.5% during the 3rd quarter. Barclays PLC now owns 9,787 shares of the financial services provider's stock worth $270,000 after purchasing an additional 7,215 shares during the last quarter. State Street Corp raised its position in shares of Norwood Financial by 2.5% in 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 in the last quarter. Alliancebernstein L.P. purchased a new position in shares of Norwood Financial during the 4th quarter valued at approximately $2,092,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Norwood Financial during the fourth quarter worth approximately $1,394,000. Institutional investors and hedge funds own 28.08% of the company's stock.

Norwood Financial Stock Performance

Shares of Norwood Financial stock traded up $0.10 during trading hours on Tuesday, reaching $25.86. The company's stock had a trading volume of 5,391 shares, compared to its average volume of 14,348. 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 company's 50 day simple moving average is $24.24 and its 200 day simple moving average is $26.67. Norwood Financial Corp. has a one year low of $21.25 and a one year high of $34.50. The stock has a market cap of $239.49 million, a P/E ratio of 2,587.00 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 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04. The firm had revenue of $20.20 million for the quarter, compared to the consensus estimate of $20.60 million. Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%. As a group, analysts expect that Norwood Financial Corp. will post 2.51 EPS for the current fiscal year.

Norwood Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date was Tuesday, April 15th. Norwood Financial's dividend payout ratio is currently 1,377.78%.

Analyst Ratings Changes

A number of research firms have commented on NWFL. Piper Sandler assumed coverage on shares of Norwood Financial in a research note on Wednesday, January 8th. They set a "neutral" rating and a $28.00 price objective on the stock. Stephens reaffirmed an "equal weight" rating and set a $25.50 price target on shares of Norwood Financial in a research report on Monday, April 21st. Finally, StockNews.com raised Norwood Financial from a "sell" rating to a "hold" rating in a report on Tuesday, April 29th.

About Norwood Financial

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.