Wellington Management Group LLP Takes Position in Norwood Financial Corp. (NASDAQ:NWFL)

Wellington Management Group LLP bought a new stake in Norwood Financial Corp. (NASDAQ:NWFL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 618,052 shares of the financial services provider's stock, valued at approximately $16,814,000. Wellington Management Group LLP owned 7.64% of Norwood Financial as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. State Street Corp lifted its stake in 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 during the last quarter. Raymond James Financial Inc. bought a new stake in Norwood Financial in the 4th quarter valued at about $1,394,000. JPMorgan Chase & Co. boosted its stake in Norwood Financial by 89.0% during the 4th quarter. JPMorgan Chase & Co. now owns 26,314 shares of the financial services provider's stock valued at $716,000 after purchasing an additional 12,392 shares during the period. Charles Schwab Investment Management Inc. grew its position in Norwood Financial by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,537 shares of the financial services provider's stock worth $566,000 after purchasing an additional 600 shares during the last quarter. Finally, Barclays PLC increased 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 valued at $270,000 after purchasing an additional 7,215 shares during the period. 28.08% of the stock is owned by institutional investors.

Norwood Financial Price Performance

Shares of NASDAQ NWFL traded up $0.81 during midday trading on Monday, reaching $23.06. The company's stock had a trading volume of 5,727 shares, compared to its average volume of 16,490. Norwood Financial Corp. has a one year low of $21.25 and a one year high of $34.50. The company has a market cap of $213.60 million, a price-to-earnings ratio of 2,310.50 and a beta of 0.54. The company has a 50 day moving average price of $24.73 and a 200 day moving average price of $27.06. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last issued its earnings results on Monday, February 3rd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.17). 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 EPS for the current year.

Norwood Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.31 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.38%. Norwood Financial's dividend payout ratio is currently 12,400.00%.

Insider Activity at Norwood Financial

In related news, Director Ronald R. Schmalzle purchased 2,563 shares of Norwood Financial stock in a transaction dated Tuesday, February 4th. The stock was acquired at an average cost of $26.43 per share, with a total value of $67,740.09. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NWFL has been the subject of a number of recent analyst reports. Janney Montgomery Scott started coverage on Norwood Financial in a report on Thursday, January 2nd. They issued a "buy" rating and a $31.00 price objective for the company. StockNews.com cut shares of Norwood Financial from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. Finally, Piper Sandler assumed coverage on shares of Norwood Financial in a research note on Wednesday, January 8th. They issued a "neutral" rating and a $28.00 price target for the company.

Norwood Financial 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.