Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) CFO John Martin Mccaffery, Jr. purchased 1,000 shares of the business's stock in a transaction dated Thursday, April 30th. The shares were purchased at an average cost of $29.44 per share, for a total transaction of $29,440.00. Following the purchase, the chief financial officer directly owned 4,000 shares of the company's stock, valued at $117,760. This trade represents a 33.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Norwood Financial Trading Up 0.4%
Shares of NWFL opened at $29.27 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.25. 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 $318.75 million, a PE ratio of 10.80 and a beta of 0.58. The stock's fifty day simple moving average is $29.75 and its 200-day simple moving average is $28.82.
Norwood Financial (NASDAQ:NWFL - Get Free Report) last issued its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.09). Norwood Financial had a net margin of 17.75% and a return on equity of 13.09%. The firm had revenue of $27.27 million for the quarter, compared to analyst estimates of $27.50 million. As a group, research analysts predict that Norwood Financial Corp. will post 3.5 earnings per share for the current year.
Norwood Financial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $1.28 annualized dividend and a yield of 4.4%. Norwood Financial's dividend payout ratio is presently 47.23%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Stephens set a $33.00 target price on Norwood Financial and gave the company an "equal weight" rating in a research note on Wednesday, February 11th. Wall Street Zen raised Norwood Financial from a "hold" rating to a "buy" rating in a research note on Saturday, January 31st. Finally, Weiss Ratings raised Norwood Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $33.00.
View Our Latest Stock Analysis on NWFL
Institutional Investors Weigh In On Norwood Financial
A number of hedge funds have recently modified their holdings of NWFL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Norwood Financial by 18.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,909 shares of the financial services provider's stock worth $119,000 after purchasing an additional 765 shares during the period. Geode Capital Management LLC grew its holdings in shares of Norwood Financial by 3.2% during the second quarter. Geode Capital Management LLC now owns 201,858 shares of the financial services provider's stock worth $5,205,000 after buying an additional 6,238 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Norwood Financial during the second quarter worth about $648,000. Raymond James Financial Inc. grew its holdings in shares of Norwood Financial by 20.8% during the second quarter. Raymond James Financial Inc. now owns 89,419 shares of the financial services provider's stock worth $2,305,000 after buying an additional 15,408 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Norwood Financial by 293.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,771 shares of the financial services provider's stock worth $46,000 after buying an additional 1,321 shares in the last quarter. Institutional investors and hedge funds own 28.08% of the company's stock.
About Norwood Financial
(
Get Free Report)
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.
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