Norwood Financial Corp. (NASDAQ:NWFL) Director Acquires $52,000.00 in Stock

Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) Director Ronald R. Schmalzle acquired 2,000 shares of the stock in a transaction dated Thursday, January 30th. The shares were bought at an average price of $26.00 per share, for a total transaction of $52,000.00. Following the transaction, the director now owns 17,621 shares in the company, valued at approximately $458,146. This represents a 12.80 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Norwood Financial Trading Up 2.2 %

Shares of NASDAQ:NWFL traded up $0.58 on Tuesday, reaching $26.50. 13,118 shares of the company traded hands, compared to its average volume of 12,369. The stock has a market capitalization of $214.39 million, a P/E ratio of 2,650.00 and a beta of 0.61. The business's 50-day simple moving average is $27.65 and its 200 day simple moving average is $27.86. 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 Corp. has a 52 week low of $23.50 and a 52 week high of $34.50.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, equities analysts anticipate that Norwood Financial Corp. will post 2.54 EPS for the current fiscal year.

Norwood Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Wednesday, January 15th were issued a dividend of $0.31 per share. This is a positive change from Norwood Financial's previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date was Wednesday, January 15th. Norwood Financial's dividend payout ratio is currently 12,400.00%.

Institutional Investors Weigh In On Norwood Financial

Institutional investors have recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC bought a new position in shares of Norwood Financial during the third quarter valued at about $200,000. 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 valued at $270,000 after purchasing an additional 7,215 shares during the period. JPMorgan Chase & Co. raised its position in Norwood Financial by 250.5% during 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings 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 buying an additional 600 shares during the period. Finally, Code Waechter LLC bought a new stake in shares of Norwood Financial in the 3rd quarter worth approximately $815,000. Hedge funds and other institutional investors own 28.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on NWFL shares. Piper Sandler began coverage on Norwood Financial in a report on Wednesday, January 8th. They issued a "neutral" rating and a $28.00 price objective for the company. StockNews.com cut shares of Norwood Financial from a "hold" rating to a "sell" rating in a research report on Wednesday, January 29th. Finally, Janney Montgomery Scott started coverage on shares of Norwood Financial in a research note on Thursday, January 2nd. They set a "buy" rating and a $31.00 price target on the stock.

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.