Cornerstone Wealth Group LLC Invests $4.68 Million in Norwood Financial Corp. $NWFL

Cornerstone Wealth Group LLC purchased a new stake in shares of Norwood Financial Corp. (NASDAQ:NWFL) in the third quarter, HoldingsChannel.com reports. The firm purchased 184,064 shares of the financial services provider’s stock, valued at approximately $4,679,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NWFL. Los Angeles Capital Management LLC acquired a new stake in shares of Norwood Financial during the second quarter valued at about $363,000. Fourthstone LLC purchased a new position in Norwood Financial in the second quarter valued at about $510,000. Fisher Asset Management LLC purchased a new position in Norwood Financial in the second quarter valued at about $305,000. Cetera Investment Advisers grew its stake in Norwood Financial by 1.0% during the 2nd quarter. Cetera Investment Advisers now owns 61,743 shares of the financial services provider’s stock valued at $1,592,000 after purchasing an additional 604 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Norwood Financial by 3.2% during the 2nd quarter. Geode Capital Management LLC now owns 201,858 shares of the financial services provider’s stock worth $5,205,000 after purchasing an additional 6,238 shares during the last quarter. Hedge funds and other institutional investors own 28.08% of the company’s stock.

Insider Activity at Norwood Financial

In related news, Director James Shook bought 3,800 shares of the stock in a transaction dated Monday, October 27th. The stock was bought at an average cost of $26.71 per share, with a total value of $101,498.00. Following the completion of the acquisition, the director owned 4,830 shares of the company’s stock, valued at $129,009.30. This trade represents a 368.93% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.20% of the company’s stock.

Norwood Financial Stock Performance

NWFL stock opened at $28.00 on Wednesday. The stock’s 50 day simple moving average is $28.42 and its 200 day simple moving average is $26.60. Norwood Financial Corp. has a 12-month low of $21.25 and a 12-month high of $30.59. The firm has a market cap of $259.28 million, a P/E ratio of 43.08 and a beta of 0.61. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.31.

Norwood Financial (NASDAQ:NWFL) last released its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.26. Norwood Financial had a net margin of 6.82% and a return on equity of 10.68%. The firm had revenue of $22.96 million during the quarter, compared to the consensus estimate of $22.10 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. As a group, equities research analysts predict that Norwood Financial Corp. will post 2.51 EPS for the current year.

Norwood Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be paid a $0.32 dividend. The ex-dividend date is Thursday, January 15th. This is an increase from Norwood Financial’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 4.6%. Norwood Financial’s payout ratio is presently 196.92%.

Wall Street Analyst Weigh In

Several research firms have recently commented on NWFL. Zacks Research cut Norwood Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Norwood Financial in a report on Monday, December 29th. Finally, Wall Street Zen raised shares of Norwood Financial from a “hold” rating to a “buy” rating in a report on Tuesday, October 28th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Norwood Financial presently has a consensus rating of “Hold” and an average target price of $26.50.

About Norwood Financial

Norwood Financial Corporation is the bank holding company for Norwood Bank, a community-oriented financial institution headquartered in Norwood, Massachusetts. Incorporated in 2010, the company oversees a network of branch offices serving suburban and metropolitan communities in eastern Massachusetts. Norwood Financial’s mission emphasizes personalized service, local decision-making and a commitment to supporting neighborhood growth.

The company’s primary business activities encompass a full suite of personal and commercial banking products and services.