Insider Buying: Norwood Financial (NASDAQ:NWFL) Director Buys $100,800.00 in Stock

Norwood Financial Corp. (NASDAQ:NWFL) Director James Shook acquired 3,500 shares of the firm’s stock in a transaction on Wednesday, January 28th. The stock was bought at an average price of $28.80 per share, with a total value of $100,800.00. Following the completion of the acquisition, the director directly owned 8,330 shares in the company, valued at approximately $239,904. This represents a 72.46% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Norwood Financial Trading Up 3.4%

Shares of NWFL opened at $30.43 on Friday. The firm’s 50-day moving average price is $28.66 and its 200-day moving average price is $26.76. The firm has a market capitalization of $281.78 million, a price-to-earnings ratio of 10.18 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 Corp. has a 1-year low of $21.25 and a 1-year high of $30.59.

Norwood Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be issued a dividend of $0.32 per share. This is a positive change from Norwood Financial’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, January 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.2%. Norwood Financial’s dividend payout ratio (DPR) is currently 42.81%.

Hedge Funds Weigh In On Norwood Financial

Large investors have recently modified their holdings of the stock. Cornerstone Wealth Group LLC purchased a new stake in Norwood Financial during the 3rd quarter valued at about $4,679,000. Los Angeles Capital Management LLC purchased a new stake in shares of Norwood Financial during the second quarter valued at approximately $363,000. Fourthstone LLC bought a new stake in shares of Norwood Financial during the second quarter valued at approximately $510,000. Tower Research Capital LLC TRC raised its holdings in Norwood Financial by 293.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,771 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 1,321 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position in Norwood Financial by 20.8% in the 2nd quarter. Raymond James Financial Inc. now owns 89,419 shares of the financial services provider’s stock valued at $2,305,000 after acquiring an additional 15,408 shares in the last quarter. Hedge funds and other institutional investors own 28.08% of the company’s stock.

Wall Street Analyst Weigh In

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

Norwood Financial Company Profile

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.