Key Points
- Director Ronald Schmalzle bought 700 shares of Norwood Financial at an average price of $30.19, a transaction worth about $21,133 that increased his holdings by 2.64% to 27,168 shares.
- The company recently reported Q1 earnings of $0.72 per share, missing analyst expectations of $0.81, while revenue of $27.27 million also came in slightly below estimates.
- Norwood Financial continues to pay a quarterly dividend of $0.32 per share, implying an annualized yield of 4.2%; analysts currently rate the stock a Hold with a $33 price target.
Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) Director Ronald Schmalzle purchased 700 shares of the firm's stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average cost of $30.19 per share, with a total value of $21,133.00. Following the completion of the acquisition, the director owned 27,168 shares of the company's stock, valued at approximately $820,201.92. This trade represents a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Norwood Financial Price Performance
Norwood Financial stock opened at $30.83 on Thursday. Norwood Financial Corp. has a one year low of $23.70 and a one year high of $32.23. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 0.93. The business has a fifty day moving average of $29.95 and a two-hundred day moving average of $29.34. The company has a market cap of $335.74 million, a P/E ratio of 11.38 and a beta of 0.56.
Norwood Financial (NASDAQ:NWFL - Get Free Report) last released its earnings results on Monday, April 27th. The financial services provider reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.81 by ($0.09). Norwood Financial had a net margin of 17.75% and a return on equity of 12.43%. The business had revenue of $27.27 million during the quarter, compared to analyst estimates of $27.50 million. As a group, analysts predict that Norwood Financial Corp. will post 3.45 earnings per share for the current fiscal year.
Norwood Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th were issued a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $1.28 dividend on an annualized basis and a yield of 4.2%. Norwood Financial's dividend payout ratio (DPR) is 47.23%.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Wall Street Zen downgraded Norwood Financial from a "buy" rating to a "hold" rating in a report on Saturday, May 16th. Stephens set a $33.00 target price on Norwood Financial and gave the company an "equal weight" rating in a report on Wednesday, February 11th. Finally, Weiss Ratings raised Norwood Financial from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Norwood Financial currently has an average rating of "Hold" and an average price target of $33.00.
Get Our Latest Stock Analysis on NWFL
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Gateway Wealth Partners LLC purchased a new position in shares of Norwood Financial in the first quarter valued at $518,000. Renaissance Technologies LLC increased its position in shares of Norwood Financial by 17.4% in the first quarter. Renaissance Technologies LLC now owns 65,526 shares of the financial services provider's stock valued at $1,928,000 after buying an additional 9,720 shares in the last quarter. Bulldog Investors LLP increased its position in shares of Norwood Financial by 165.0% in the first quarter. Bulldog Investors LLP now owns 170,000 shares of the financial services provider's stock valued at $5,001,000 after buying an additional 105,855 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Norwood Financial by 15.8% in the first quarter. Dimensional Fund Advisors LP now owns 155,908 shares of the financial services provider's stock valued at $4,587,000 after buying an additional 21,248 shares in the last quarter. Finally, John G Ullman & Associates Inc. increased its position in Norwood Financial by 17.5% during the 1st quarter. John G Ullman & Associates Inc. now owns 14,800 shares of the financial services provider's stock worth $435,000 after purchasing an additional 2,200 shares in the last quarter. Hedge funds and other institutional investors 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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