Gateway Wealth Partners LLC Takes $518,000 Position in Norwood Financial Corp. $NWFL

Gateway Wealth Partners LLC acquired a new stake in Norwood Financial Corp. (NASDAQ:NWFL) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,622 shares of the financial services provider’s stock, valued at approximately $518,000. Gateway Wealth Partners LLC owned about 0.16% of Norwood Financial as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CANADA LIFE ASSURANCE Co boosted its holdings in Norwood Financial by 75.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 880 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 378 shares in the last quarter. Royal Bank of Canada raised its holdings in Norwood Financial by 8.1% during the fourth quarter. Royal Bank of Canada now owns 6,120 shares of the financial services provider’s stock worth $172,000 after purchasing an additional 459 shares in the last quarter. Osaic Holdings Inc. raised its holdings in Norwood Financial by 130.7% during the second quarter. Osaic Holdings Inc. now owns 1,061 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 601 shares in the last quarter. Geode Capital Management LLC raised its holdings in Norwood Financial by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 201,621 shares of the financial services provider’s stock worth $5,657,000 after purchasing an additional 650 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Norwood Financial by 18.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,909 shares of the financial services provider’s stock worth $119,000 after buying an additional 765 shares during the last quarter. Institutional investors and hedge funds own 28.08% of the company’s stock.

Analyst Ratings Changes

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

Norwood Financial Stock Up 0.2%

Shares of NASDAQ:NWFL opened at $33.70 on Friday. Norwood Financial Corp. has a 1-year low of $23.71 and a 1-year 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 stock has a market cap of $367.03 million, a P/E ratio of 11.62 and a beta of 0.55. The firm has a fifty day moving average price of $31.42 and a 200 day moving average price of $30.36.

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

Norwood Financial Dividend Announcement

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

Insider Buying and Selling

In related news, Director James Shook acquired 3,100 shares of Norwood Financial stock in a transaction on Tuesday, July 28th. The stock was purchased at an average cost of $34.55 per share, with a total value of $107,105.00. Following the purchase, the director directly owned 12,586 shares in the company, valued at approximately $434,846.30. The trade was a 32.68% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders purchased 4,742 shares of company stock worth $156,015. 8.10% of the stock is owned by corporate insiders.

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.