Key Points
- Director Joseph Carroll bought 4,000 shares at an average price of $28.13 (≈$112,520), increasing his holding to 41,503 shares — a 10.67% boost to his position.
- Norwood raised its quarterly dividend to $0.32 (annualized $1.28), yielding about 4.3%, with an ex-dividend/record date of January 15 and payment on February 2.
- Market and analyst snapshot: shares opened at $29.43 (up 4.9%), market cap ≈$272.5M and P/E 9.84, while analysts hold a consensus “Hold” rating with a $26.50 price target.
Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) Director Joseph Carroll bought 4,000 shares of the business's stock in a transaction on Wednesday, January 28th. The shares were acquired at an average price of $28.13 per share, for a total transaction of $112,520.00. Following the completion of the transaction, the director owned 41,503 shares in the company, valued at approximately $1,167,479.39. This trade represents a 10.67% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Norwood Financial Stock Up 4.9%
Shares of NASDAQ:NWFL opened at $29.43 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $272.52 million, a price-to-earnings ratio of 9.84 and a beta of 0.61. The company has a 50 day moving average of $28.61 and a 200-day moving average of $26.73. Norwood Financial Corp. has a one year low of $21.25 and a one year high of $30.59.
Norwood Financial Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Thursday, January 15th. This is a positive change from Norwood Financial's previous quarterly dividend of $0.31. Norwood Financial's dividend payout ratio is presently 42.81%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NWFL. Cornerstone Wealth Group LLC bought a new stake in shares of Norwood Financial in the third quarter worth about $4,679,000. Wellington Management Group LLP grew its position in shares of Norwood Financial by 14.3% in the 3rd quarter. Wellington Management Group LLP now owns 634,553 shares of the financial services provider's stock valued at $16,130,000 after purchasing an additional 79,394 shares during the period. Marshall Wace LLP acquired a new position in shares of Norwood Financial in the 2nd quarter valued at approximately $648,000. Citadel Advisors LLC bought a new stake in Norwood Financial during the 3rd quarter worth approximately $605,000. Finally, Fourthstone LLC acquired a new stake in Norwood Financial during the 2nd quarter worth approximately $510,000. 28.08% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on NWFL shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Norwood Financial in a research note on Monday, December 29th. Zacks Research lowered Norwood Financial from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 22nd. Finally, Wall Street Zen cut Norwood Financial from a "buy" rating to a "hold" rating in a research note on Friday, January 23rd. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $26.50.
Get Our Latest Research Report on Norwood Financial
Norwood Financial Company Profile
(
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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