The Manufacturers Life Insurance Company Makes New Investment in Norwood Financial Corp. (NASDAQ:NWFL)

The Manufacturers Life Insurance Company acquired a new stake in Norwood Financial Corp. (NASDAQ:NWFL - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 177,912 shares of the financial services provider's stock, valued at approximately $4,840,000. The Manufacturers Life Insurance Company owned about 2.20% of Norwood Financial as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of NWFL. Emerald Advisers LLC bought a new position in Norwood Financial during the fourth quarter worth $122,000. Wells Fargo & Company MN boosted its position in shares of Norwood Financial by 21.7% in the fourth quarter. Wells Fargo & Company MN now owns 5,203 shares of the financial services provider's stock valued at $142,000 after acquiring an additional 928 shares during the period. Barclays PLC raised its stake in Norwood Financial by 280.5% in 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 in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Norwood Financial by 250.5% during the third quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider's stock worth $384,000 after acquiring an additional 9,950 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Norwood Financial during the 4th quarter valued at about $1,394,000. 28.08% of the stock is owned by institutional investors.

Norwood Financial Stock Up 4.3%

Shares of Norwood Financial stock traded up $1.09 during trading on Monday, hitting $26.71. 34,209 shares of the stock traded hands, compared to its average volume of 14,620. 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 firm has a market cap of $247.41 million, a P/E ratio of 2,671.00 and a beta of 0.69. The stock's fifty day simple moving average is $24.25 and its 200 day simple moving average is $26.61. Norwood Financial Corp. has a 52-week low of $21.25 and a 52-week high of $34.50.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $20.20 million during the quarter, compared to analysts' expectations 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 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 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 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend was Tuesday, April 15th. Norwood Financial's dividend payout ratio (DPR) is presently 1,377.78%.

Wall Street Analysts Forecast Growth

NWFL has been the topic of a number of research reports. Stephens restated an "equal weight" rating and set a $25.50 target price on shares of Norwood Financial in a report on Monday, April 21st. StockNews.com raised Norwood Financial from a "sell" rating to a "hold" rating in a research report on Saturday.

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.