Norwood Financial (NASDAQ:NWFL) Director Joseph Carroll Purchases 572 Shares

Norwood Financial Corp. (NASDAQ:NWFL) Director Joseph Carroll acquired 572 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was bought at an average cost of $29.45 per share, for a total transaction of $16,845.40. Following the purchase, the director directly owned 1,100 shares of the company’s stock, valued at approximately $32,395. This trade represents a 108.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Norwood Financial Stock Performance

Shares of NASDAQ NWFL traded up $0.34 during trading on Wednesday, hitting $30.21. The company had a trading volume of 14,165 shares, compared to its average volume of 29,498. The stock has a 50 day simple moving average of $29.73 and a 200 day simple moving average of $28.91. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.90 and a current ratio of 0.90. Norwood Financial Corp. has a 12 month low of $23.70 and a 12 month high of $32.23. The firm has a market capitalization of $328.93 million, a P/E ratio of 11.15 and a beta of 0.56.

Norwood Financial (NASDAQ:NWFL) last posted its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.72 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.09). The company had revenue of $27.27 million during the quarter, compared to the consensus estimate of $27.50 million. Norwood Financial had a return on equity of 13.09% and a net margin of 17.75%. As a group, analysts anticipate that Norwood Financial Corp. will post 3.5 earnings per share for the current year.

Norwood Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Wednesday, April 15th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Wednesday, April 15th. Norwood Financial’s dividend payout ratio (DPR) is 47.23%.

Hedge Funds Weigh In On Norwood Financial

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP boosted its holdings in shares of Norwood Financial by 40.1% in the 4th quarter. Wellington Management Group LLP now owns 888,812 shares of the financial services provider’s stock worth $24,931,000 after purchasing an additional 254,259 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Norwood Financial by 3.2% in the 2nd quarter. Geode Capital Management LLC now owns 201,858 shares of the financial services provider’s stock worth $5,205,000 after purchasing an additional 6,238 shares during the period. Cornerstone Wealth Group LLC purchased a new position in shares of Norwood Financial in the 3rd quarter worth approximately $4,679,000. Dimensional Fund Advisors LP boosted its holdings in Norwood Financial by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 134,660 shares of the financial services provider’s stock valued at $3,777,000 after acquiring an additional 1,351 shares during the period. Finally, State Street Corp boosted its holdings in Norwood Financial by 9.3% during the 4th quarter. State Street Corp now owns 133,907 shares of the financial services provider’s stock valued at $3,756,000 after acquiring an additional 11,402 shares during the period. Hedge funds and other institutional investors own 28.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Weiss Ratings raised Norwood Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Stephens set a $33.00 price objective on Norwood Financial and gave the stock an “equal weight” rating in a research note on Wednesday, February 11th. Finally, Wall Street Zen raised Norwood Financial from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Norwood Financial presently has a consensus 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.