Norwood Financial (NASDAQ:NWFL) Director Purchases 3,100 Shares of Stock

Norwood Financial Corp. (NASDAQ:NWFL) Director James Shook purchased 3,100 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was purchased at an average price of $34.55 per share, with a total value of $107,105.00. Following the acquisition, the director directly owned 12,586 shares of the company’s stock, valued at $434,846.30. This trade represents a 32.68% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Norwood Financial Stock Down 1.0%

Shares of NWFL stock traded down $0.34 during mid-day trading on Thursday, hitting $33.28. The stock had a trading volume of 4,165 shares, compared to its average volume of 31,988. Norwood Financial Corp. has a 12-month low of $23.71 and a 12-month high of $34.55. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.93 and a quick ratio of 0.93. The firm’s 50-day moving average is $31.34 and its two-hundred day moving average is $30.32. The firm has a market capitalization of $362.42 million, a P/E ratio of 11.48 and a beta of 0.55.

Norwood Financial (NASDAQ:NWFL) last released its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). Norwood Financial had a return on equity of 13.33% and a net margin of 18.68%.The business had revenue of $29.37 million during the quarter, compared to analysts’ expectations of $28.10 million. On average, analysts predict that Norwood Financial Corp. will post 3.47 earnings per share for the current fiscal year.

Norwood Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, July 15th. Norwood Financial’s dividend payout ratio (DPR) is 44.14%.

Institutional Trading of Norwood Financial

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bulldog Investors LLP grew its stake in Norwood Financial by 165.0% during the 1st quarter. Bulldog Investors LLP now owns 170,000 shares of the financial services provider’s stock worth $5,001,000 after buying an additional 105,855 shares during the last quarter. Trexquant Investment LP purchased a new stake in Norwood Financial in the fourth quarter valued at about $298,000. AQR Capital Management LLC boosted its holdings in Norwood Financial by 9.2% in the fourth quarter. AQR Capital Management LLC now owns 14,358 shares of the financial services provider’s stock worth $403,000 after acquiring an additional 1,205 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Norwood Financial by 3.2% in the second quarter. Geode Capital Management LLC now owns 201,858 shares of the financial services provider’s stock worth $5,205,000 after acquiring an additional 6,238 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Norwood Financial by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 134,660 shares of the financial services provider’s stock worth $3,777,000 after acquiring an additional 1,351 shares during the last quarter. Hedge funds and other institutional investors own 28.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Norwood Financial in a research note on Friday, July 24th. Wall Street Zen lowered Norwood Financial from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Stephens reiterated a “mixed” rating and issued a $35.00 target price (up from $34.00) on shares of Norwood Financial in a report on Thursday, July 23rd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

About Norwood Financial

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.