Norwood Financial Corp. (NASDAQ:NWFL) Director Ronald R. Schmalzle Acquires 2,563 Shares

Norwood Financial Corp. (NASDAQ:NWFL) Director Ronald R. Schmalzle purchased 2,563 shares of the business’s stock in a transaction that occurred on 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 acquisition, the director now directly owns 15,168 shares of the company’s stock, valued at $400,890.24. The trade was a 20.33 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Norwood Financial Stock Performance

Norwood Financial stock opened at $26.00 on Friday. The company has a market cap of $210.39 million, a PE ratio of 2,600.00 and a beta of 0.61. 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 1 year low of $23.50 and a 1 year high of $34.50. The company’s 50-day moving average is $27.47 and its two-hundred day moving average is $27.83.

Norwood Financial (NASDAQ:NWFL) last announced its quarterly earnings data on Monday, February 3rd. The financial services provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.17). Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%. Equities analysts anticipate that Norwood Financial Corp. will post 2.54 earnings per share for the current year.

Norwood Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th were given a $0.31 dividend. This is a positive change from Norwood Financial’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 4.77%. The ex-dividend date was Wednesday, January 15th. Norwood Financial’s dividend payout ratio (DPR) is currently 12,400.00%.

Institutional Investors Weigh In On Norwood Financial

Institutional investors have recently made changes to their positions in the stock. Signature Estate & Investment Advisors LLC bought a new position in Norwood Financial during the third quarter worth about $200,000. Barclays PLC raised its position in shares of 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 acquiring an additional 7,215 shares during the period. JPMorgan Chase & Co. boosted its stake 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 worth $384,000 after acquiring an additional 9,950 shares during 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 acquiring an additional 600 shares during the last quarter. Finally, Code Waechter LLC acquired a new position in Norwood Financial during the third quarter valued at approximately $815,000. 28.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.