Norwood Financial Corp. (NWFL) Position Raised by Context BH Capital Management LP
Context BH Capital Management LP lifted its holdings in shares of Norwood Financial Corp. (NASDAQ:NWFL) by 50.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,405 shares of the financial services provider’s stock after buying an additional 4,135 shares during the period. Context BH Capital Management LP owned approximately 0.13% of Norwood Financial Corp. worth $379,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in NWFL. State Street Corp purchased a new stake in shares of Norwood Financial Corp. during the second quarter valued at $1,683,000. Northern Trust Corp boosted its position in shares of Norwood Financial Corp. by 305.4% during the second quarter. Northern Trust Corp now owns 43,860 shares of the financial services provider’s stock valued at $1,853,000 after buying an additional 33,041 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Norwood Financial Corp. during the second quarter valued at $481,000. Siena Capital Partners GP LLC boosted its position in shares of Norwood Financial Corp. by 50.0% during the third quarter. Siena Capital Partners GP LLC now owns 32,561 shares of the financial services provider’s stock valued at $994,000 after buying an additional 10,854 shares during the last quarter. Finally, TIAA CREF Investment Management LLC purchased a new stake in shares of Norwood Financial Corp. during the second quarter valued at $448,000. 8.06% of the stock is currently owned by institutional investors.
Norwood Financial Corp. (NASDAQ:NWFL) traded up $0.07 during trading on Tuesday, hitting $29.03. The company had a trading volume of 1,500 shares, compared to its average volume of 12,167. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.79 and a quick ratio of 0.79. Norwood Financial Corp. has a 12 month low of $19.10 and a 12 month high of $33.74. The stock has a market capitalization of $271.15, a PE ratio of 17.48 and a beta of 0.14.
Norwood Financial Corp. (NASDAQ:NWFL) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.47 EPS for the quarter. Norwood Financial Corp. had a return on equity of 9.07% and a net margin of 23.08%. The company had revenue of $10.73 million for the quarter.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Friday, October 13th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.03%. This is a boost from Norwood Financial Corp.’s previous quarterly dividend of $0.21. The ex-dividend date was Thursday, October 12th. Norwood Financial Corp.’s dividend payout ratio (DPR) is presently 53.12%.
Norwood Financial Corp. Profile
Norwood Financial Corp. is a bank holding company. The Company operates through its subsidiary, Wayne Bank (the Bank). The Bank is a chartered bank and trust company. The Bank is an independent community bank that operates over five offices in the Wayne County, approximately three offices in Pike County, four offices in Monroe County and over three offices in Lackawanna County.
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