Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) Director James Shook bought 375 shares of the stock in a transaction dated Thursday, April 30th. The shares were purchased at an average price of $29.06 per share, with a total value of $10,897.50. Following the completion of the transaction, the director directly owned 9,353 shares in the company, valued at approximately $271,798.18. The trade was a 4.18% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Norwood Financial Stock Up 5.5%
NASDAQ NWFL opened at $30.87 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $336.17 million, a P/E ratio of 11.39 and a beta of 0.56. Norwood Financial Corp. has a one year low of $23.70 and a one year high of $32.23. The stock has a 50 day moving average price of $29.75 and a 200-day moving average price of $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 analysts' consensus estimates 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, equities analysts predict that Norwood Financial Corp. will post 3.5 EPS for the current fiscal year.
Norwood Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Wednesday, April 15th were given a $0.32 dividend. The ex-dividend date was Wednesday, April 15th. This represents a $1.28 dividend on an annualized basis and a yield of 4.1%. Norwood Financial's dividend payout ratio (DPR) is currently 47.23%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on NWFL shares. Wall Street Zen upgraded Norwood Financial from a "hold" rating to a "buy" rating in a research note on Saturday, January 31st. Stephens set a $33.00 price target on Norwood Financial and gave the company an "equal weight" rating in a research note on Wednesday, February 11th. Finally, Weiss Ratings raised Norwood Financial from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $33.00.
View Our Latest Stock Report on Norwood Financial
Institutional Investors Weigh In On Norwood Financial
Several institutional investors have recently added to or reduced their stakes in NWFL. Cornerstone Wealth Group LLC purchased a new position in Norwood Financial during the third quarter valued at approximately $4,679,000. Russell Investments Group Ltd. raised its position in Norwood Financial by 68.9% during the third quarter. Russell Investments Group Ltd. now owns 2,138 shares of the financial services provider's stock valued at $54,000 after acquiring an additional 872 shares in the last quarter. BNP Paribas Financial Markets raised its position in 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 in the last quarter. Tower Research Capital LLC TRC raised its position in 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 valued at $46,000 after acquiring an additional 1,321 shares in the last quarter. Finally, Osaic Holdings Inc. raised its position in Norwood Financial by 130.7% during the second quarter. Osaic Holdings Inc. now owns 1,061 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 601 shares in the last quarter. Institutional investors and hedge funds own 28.08% of the company's stock.
Norwood Financial Company Profile
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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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