Raymond James Financial Inc. Purchases New Holdings in Norwood Financial Corp. (NASDAQ:NWFL)

Raymond James Financial Inc. purchased a new stake in shares of Norwood Financial Corp. (NASDAQ:NWFL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 51,247 shares of the financial services provider's stock, valued at approximately $1,394,000. Raymond James Financial Inc. owned about 0.63% of Norwood Financial as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC raised its stake in shares of Norwood Financial by 280.5% in the third quarter. Barclays PLC now owns 9,787 shares of the financial services provider's stock worth $270,000 after buying an additional 7,215 shares during the period. JPMorgan Chase & Co. boosted 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 worth $384,000 after buying an additional 9,950 shares during the period. Emerald Advisers LLC purchased a new position in shares of Norwood Financial in the fourth quarter valued at about $122,000. Wellington Management Group LLP bought a new position in shares of Norwood Financial in the fourth quarter worth about $16,814,000. Finally, Alliancebernstein L.P. bought a new stake in Norwood Financial during the 4th quarter valued at approximately $2,092,000. 28.08% of the stock is currently owned by hedge funds and other institutional investors.

Norwood Financial Stock Performance

Norwood Financial stock traded down $0.09 during mid-day trading on Friday, reaching $25.92. 2,035 shares of the company traded hands, compared to its average volume of 14,469. Norwood Financial Corp. has a fifty-two week low of $21.25 and a fifty-two week high of $34.50. The firm's fifty day moving average is $24.25 and its two-hundred day moving average is $26.64. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $240.10 million, a price-to-earnings ratio of 2,592.00 and a beta of 0.69.

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

Norwood Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th were issued a $0.31 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $1.24 dividend on an annualized basis and a yield of 4.78%. Norwood Financial's payout ratio is 1,377.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NWFL shares. StockNews.com upgraded shares of Norwood Financial from a "sell" rating to a "hold" rating in a research report on Tuesday, April 29th. Stephens restated an "equal weight" rating and issued a $25.50 price target on shares of Norwood Financial in a report on Monday, April 21st.

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.