JPMorgan Chase & Co. Acquires 9,950 Shares of Norwood Financial Corp. (NASDAQ:NWFL)

JPMorgan Chase & Co. increased its position in shares of Norwood Financial Corp. (NASDAQ:NWFL - Free Report) by 250.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,922 shares of the financial services provider's stock after buying an additional 9,950 shares during the period. JPMorgan Chase & Co. owned about 0.17% of Norwood Financial worth $384,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NWFL. Cetera Investment Advisers increased its stake in Norwood Financial by 258.7% during the 2nd quarter. Cetera Investment Advisers now owns 84,919 shares of the financial services provider's stock worth $2,155,000 after buying an additional 61,247 shares during the period. Code Waechter LLC acquired a new position in Norwood Financial during the 3rd quarter worth $815,000. Signature Estate & Investment Advisors LLC acquired a new position in Norwood Financial during the 3rd quarter worth $200,000. Barclays PLC grew 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 acquiring an additional 7,215 shares in the last quarter. Finally, State Street Corp grew its holdings in Norwood Financial by 2.5% during the 3rd quarter. State Street Corp now owns 99,889 shares of the financial services provider's stock worth $2,755,000 after acquiring an additional 2,402 shares in the last quarter. Hedge funds and other institutional investors own 28.08% of the company's stock.

Norwood Financial Stock Performance

Shares of NASDAQ NWFL traded up $0.24 during midday trading on Thursday, hitting $26.06. The company's stock had a trading volume of 9,563 shares, compared to its average volume of 9,730. Norwood Financial Corp. has a 1-year low of $23.50 and a 1-year high of $34.50. The firm's fifty day moving average price is $27.99 and its 200-day moving average price is $27.90. 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 firm has a market cap of $210.83 million, a P/E ratio of 16.39 and a beta of 0.62.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The financial services provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.17). Norwood Financial had a net margin of 10.90% and a return on equity of 6.94%. On average, sell-side analysts forecast that Norwood Financial Corp. will post 2.1 EPS for the current fiscal year.

Norwood Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This is an increase from Norwood Financial's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 4.76%. Norwood Financial's dividend payout ratio (DPR) is currently 77.99%.

Insider Activity at Norwood Financial

In related news, Director Ronald R. Schmalzle purchased 7,692 shares of the company's stock in a transaction on Thursday, December 19th. The shares were bought at an average cost of $26.00 per share, for a total transaction of $199,992.00. Following the transaction, the director now owns 15,510 shares of the company's stock, valued at $403,260. This represents a 98.39 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 9.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Janney Montgomery Scott assumed coverage on shares of Norwood Financial in a report on Thursday, January 2nd. They set a "buy" rating and a $31.00 price objective for the company. Piper Sandler assumed coverage on shares of Norwood Financial in a report on Wednesday, January 8th. They set a "neutral" rating and a $28.00 price objective for the company. Finally, StockNews.com lowered shares of Norwood Financial from a "hold" rating to a "sell" rating in a report on Wednesday.

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.