Key Points
- Director Joseph Carroll bought 2,000 shares at an average price of $27.91 on Jan. 27, spending $55,820 and increasing his stake to 37,503 shares (a 5.63% ownership increase).
- Norwood Financial raised its quarterly dividend to $0.32 (annualized $1.28), with an ex-dividend date of Jan. 15 and payment on Feb. 2, implying a 4.6% yield and a dividend payout ratio around 42.8%.
- Recent analyst moves have trimmed expectations—multiple downgrades left NWFL with a consensus "Hold" rating and a consensus price target of $26.50.
Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) Director Joseph Carroll acquired 2,000 shares of the stock in a transaction dated Tuesday, January 27th. The stock was acquired at an average price of $27.91 per share, for a total transaction of $55,820.00. Following the purchase, the director directly owned 37,503 shares in the company, valued at approximately $1,046,708.73. This trade represents a 5.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.
Norwood Financial Stock Performance
Shares of NWFL opened at $28.06 on Thursday. The business has a 50-day simple moving average of $28.56 and a two-hundred day simple moving average of $26.71. The stock has a market cap of $259.84 million, a price-to-earnings ratio of 9.38 and a beta of 0.61. Norwood Financial Corp. has a 52 week low of $21.25 and a 52 week high of $30.59. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.31.
Norwood Financial Increases Dividend
The company also recently declared 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. The ex-dividend date is Thursday, January 15th. This represents a $1.28 annualized dividend and a yield of 4.6%. This is a boost from Norwood Financial's previous quarterly dividend of $0.31. Norwood Financial's dividend payout ratio (DPR) is 42.81%.
Analyst Ratings Changes
NWFL has been the subject of several recent analyst reports. Wall Street Zen lowered Norwood Financial from a "buy" rating to a "hold" rating in a research report on Friday, January 23rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Norwood Financial in a research report on Monday, December 29th. Finally, Zacks Research downgraded Norwood Financial from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 22nd. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $26.50.
Read Our Latest Report on NWFL
Hedge Funds Weigh In On Norwood Financial
A number of large investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. grew its position in shares of Norwood Financial by 130.7% in the second quarter. Osaic Holdings Inc. now owns 1,061 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 601 shares during the period. Cetera Investment Advisers lifted its stake in Norwood Financial by 1.0% in the 2nd quarter. Cetera Investment Advisers now owns 61,743 shares of the financial services provider's stock valued at $1,592,000 after buying an additional 604 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Norwood Financial by 18.5% in 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. Russell Investments Group Ltd. increased its stake in Norwood Financial by 68.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,138 shares of the financial services provider's stock worth $54,000 after buying an additional 872 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Norwood Financial by 144.5% during the third quarter. BNP Paribas Financial Markets now owns 2,100 shares of the financial services provider's stock valued at $53,000 after acquiring an additional 1,241 shares during the last quarter. 28.08% of the stock is currently owned by institutional investors and hedge funds.
About Norwood Financial
(
Get Free Report)
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.
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