Ronald R. Schmalzle Purchases 2,563 Shares of Norwood Financial Corp. (NASDAQ:NWFL) Stock

Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) Director Ronald R. Schmalzle purchased 2,563 shares of Norwood Financial stock in a transaction that occurred on Tuesday, February 4th. The shares were bought at an average price of $26.43 per share, with a total value of $67,740.09. Following the completion of the transaction, the director now owns 15,168 shares of the company's stock, valued at $400,890.24. This represents a 20.33 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Norwood Financial Price Performance

Shares of Norwood Financial stock traded up $0.14 on Monday, reaching $26.14. The company's stock had a trading volume of 11,411 shares, compared to its average volume of 12,600. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $211.47 million, a P/E ratio of 2,614.00 and a beta of 0.61. The stock has a 50-day moving average price of $27.28 and a 200-day moving average price of $27.80. 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 issued 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 positive return on equity of 8.38% and a negative net margin of 0.16%. Analysts expect that Norwood Financial Corp. will post 2.51 EPS for the current year.

Norwood Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Wednesday, January 15th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend was Wednesday, January 15th. This is an increase from Norwood Financial's previous quarterly dividend of $0.30. Norwood Financial's dividend payout ratio is 12,400.00%.

Wall Street Analyst Weigh In

NWFL has been the subject of several recent research reports. StockNews.com lowered shares of Norwood Financial from a "hold" rating to a "sell" rating in a report on Wednesday, January 29th. Piper Sandler started coverage on shares of Norwood Financial in a report on Wednesday, January 8th. They issued a "neutral" rating and a $28.00 price objective for the company. Finally, Janney Montgomery Scott began coverage on shares of Norwood Financial in a research report on Thursday, January 2nd. They issued a "buy" rating and a $31.00 price objective for the company.

Institutional Investors Weigh In On Norwood Financial

Several institutional investors have recently bought and sold shares of NWFL. Signature Estate & Investment Advisors LLC purchased a new position in shares of Norwood Financial in the third quarter valued at approximately $200,000. Barclays PLC raised its stake in Norwood Financial by 280.5% in 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 last quarter. JPMorgan Chase & Co. lifted 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 valued at $384,000 after purchasing an additional 9,950 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Norwood Financial by 3.0% during 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, Code Waechter LLC purchased a new stake in shares of Norwood Financial during the third quarter worth $815,000. 28.08% of the stock is currently owned by institutional investors and hedge funds.

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.