Norwood Financial Corp. (NASDAQ:NWFL) Shares Sold by Code Waechter LLC

Code Waechter LLC lowered its holdings in shares of Norwood Financial Corp. (NASDAQ:NWFL) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,864 shares of the financial services provider’s stock after selling 1,672 shares during the period. Code Waechter LLC owned 0.34% of Norwood Financial worth $758,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of NWFL. Cetera Investment Advisers lifted its holdings in shares of Norwood Financial by 258.7% during the second quarter. Cetera Investment Advisers now owns 84,919 shares of the financial services provider’s stock worth $2,155,000 after purchasing an additional 61,247 shares during the period. JPMorgan Chase & Co. raised its position in Norwood Financial by 250.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider’s stock worth $384,000 after buying an additional 9,950 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Norwood Financial in the 3rd quarter worth $200,000. Barclays PLC increased its position in Norwood Financial by 280.5% during the 3rd quarter. Barclays PLC now owns 9,787 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 7,215 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Norwood Financial by 9.1% in the second quarter. Bank of New York Mellon Corp now owns 30,657 shares of the financial services provider’s stock worth $778,000 after acquiring an additional 2,563 shares in the last quarter. 28.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NWFL shares. Piper Sandler assumed coverage on shares of Norwood Financial in a report on Wednesday, January 8th. They set a “neutral” rating and a $28.00 target price for the company. Janney Montgomery Scott assumed coverage on Norwood Financial in a research report on Thursday, January 2nd. They set a “buy” rating and a $31.00 price objective for the company.

Insider Activity

In other Norwood Financial news, Director Ronald R. Schmalzle bought 7,692 shares of the stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost of $26.00 per share, for a total transaction of $199,992.00. Following the completion of the purchase, the director now directly owns 15,510 shares of the company’s stock, valued at approximately $403,260. The trade was a 98.39 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 9.10% of the company’s stock.

Norwood Financial Stock Performance

NASDAQ NWFL opened at $26.20 on Tuesday. The business’s 50-day simple moving average is $29.22 and its 200-day simple moving average is $27.80. The firm has a market capitalization of $212.01 million, a P/E ratio of 16.48 and a beta of 0.62. Norwood Financial Corp. has a 1-year low of $23.50 and a 1-year high of $34.50. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91.

Norwood Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be given a $0.31 dividend. This is an increase from Norwood Financial’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.24 annualized dividend and a dividend yield of 4.73%. Norwood Financial’s dividend payout ratio is presently 77.99%.

Norwood Financial 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.