Norwood Financial (NASDAQ:NWFL) CFO Acquires $29,440.00 in Stock

Norwood Financial Corp. (NASDAQ:NWFL) CFO John Martin Mccaffery, Jr. acquired 1,000 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was purchased at an average cost of $29.44 per share, with a total value of $29,440.00. Following the completion of the acquisition, the chief financial officer directly owned 4,000 shares of the company’s stock, valued at approximately $117,760. This trade represents a 33.33% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Norwood Financial Stock Performance

Shares of NWFL stock traded up $0.12 during trading hours on Thursday, hitting $29.27. The stock had a trading volume of 29,843 shares, compared to its average volume of 29,463. The firm has a market capitalization of $318.75 million, a PE ratio of 10.80 and a beta of 0.58. Norwood Financial Corp. has a twelve month low of $23.70 and a twelve month high of $32.23. The stock’s 50 day moving average is $29.78 and its 200 day moving average is $28.82. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.90 and a quick ratio of 0.90.

Norwood Financial (NASDAQ:NWFL) last posted its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.09). The firm had revenue of $27.27 million during the quarter, compared to analyst estimates of $27.70 million. Norwood Financial had a net margin of 17.75% and a return on equity of 13.09%. As a group, research analysts forecast that Norwood Financial Corp. will post 3.5 earnings per share for the current fiscal year.

Norwood Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $1.28 annualized dividend and a dividend yield of 4.4%. Norwood Financial’s dividend payout ratio (DPR) is currently 47.23%.

Institutional Investors Weigh In On Norwood Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of NWFL. Wellington Management Group LLP lifted its holdings in Norwood Financial by 40.1% in the fourth quarter. Wellington Management Group LLP now owns 888,812 shares of the financial services provider’s stock valued at $24,931,000 after acquiring an additional 254,259 shares during the period. Cornerstone Wealth Group LLC acquired a new stake in Norwood Financial in the third quarter valued at $4,679,000. Segall Bryant & Hamill LLC acquired a new stake in Norwood Financial in the fourth quarter valued at $1,567,000. Bulldog Investors LLP lifted its holdings in Norwood Financial by 587.4% in the fourth quarter. Bulldog Investors LLP now owns 64,145 shares of the financial services provider’s stock valued at $1,799,000 after acquiring an additional 54,814 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Norwood Financial in the second quarter valued at $648,000. Institutional investors and hedge funds own 28.08% of the company’s stock.

Analyst Ratings Changes

NWFL has been the subject of several recent research reports. Weiss Ratings raised Norwood Financial from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, March 16th. Wall Street Zen raised Norwood Financial from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Finally, Stephens set a $33.00 price target on Norwood Financial and gave the stock an “equal weight” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $33.00.

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. It also provides commercial loans comprising lines of credit, revolving credit, term loans, mortgages, secured lending products, and letter of credit facilities; municipal finance lending; construction loans for commercial construction projects and single-family residences; land loans; construction financing; consumer loans; mortgage lending to finance principal residences and second home dwellings; and indirect dealer financing of new and used automobiles, boats, and recreational vehicles.